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Property profile & analytics
OFF-MARKET
Day care centers
3451 Michael Way Las Vegas, NV 89108-4678
Entity Owned
2-yr Hold
Free & Clear
Property ID
US62-1310761
Property profile
Verified
Property type
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Year built
1998
Construction
FRAME
Total area
5,844 SF
Lot
1.32 ac (57,499 SF)
APN
138-12-301-017
UPID
US62-1310761
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Stepping Stones Children's Academy High School Daycare Center
-
Kids Korner Learn & Play Center,Inc Daycare Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Michael Way LLC · 2 yrs held
Michael Way LLC
since 2023
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Las Vegas submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Las Vegas submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$11,410
Tax year 2023
Assessed value
$424,295
Assessed 2024
Previous assessed
$397,720
+6.7% YoY
Effective rate
2.69%
On assessed value
Assessed land
$140,873
Assessed improvement
$283,422
Land market value
$402,494
Improvement market value
$809,777
Total market value
$1,212,271
Applied tax rate
200.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Status
Off-Market
Year built
1998
Construction
FRAME
Heating
HEAT PUMP
Stories
1
Total area
5,844 SF
Lot
1.32 ac (57,499 SF)
APN
138-12-301-017
UPID
US62-1310761
Jurisdiction
CLARK
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1998
Construction
FRAME
Heating
HEAT PUMP
Stories
1
Lot
1.32 ac
Current owner
From public records · entity-resolved
Michael Way LLC
Entity
Free & Clear · 2 yrs held
Mailing address
7370 WOODSTONE CT, LAS VEGAS, NV 89129-5922
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 6, 2023
—
Michael Way LLC
Tinker Limited Liability Company
Bargain And Sale Deed
—
Jun 29, 2021
—
Tinker Limited Liability Company
Stepping Stones Childrens Academy 3
Quit Claim Deed
related
$1,470,000 · America First FCU
Jun 25, 2021
—
Tinker Limited Liability Company
—
Deed
related
$980,000 · America First FCU
Mar 15, 2019
$1,350,000
Stepping Stones Childrens Aca
Unified Aircraft Services INC
Grant Deed
$1,500,000 · Newtek Small Busn Fin
Jun 21, 2017
$1,350,000
Unified Aircraft Services INC
Tinker LLC
Grant Deed
—
Oct 13, 2005
—
Tinker LLC
Dkm LLC
Grant Deed
related
$745,250 · Nevada State Bank
Jul 7, 2005
$1,400,000
Tinker
Dkm LLC
Grant Deed
$745,250 · Nevada State Bank
Aug 1, 2002
—
Dkm LLC
Education Station INC
Grant Deed
related
—
—
—
Education Station Pre-school
—
Deed Of Trust
related
$452,500 · Bank Of America Fsb
—
—
Education Station INC
—
Deed Of Trust
related
$220,000 · Southern Nevada Certifield Dev
—
—
Dkm LLC
—
Deed Of Trust
related
$78,400 · Us Small Business Admn
—
—
Station,education Station INC
—
Deed Of Trust
related
$78,400 · Us Small Business Admn
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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