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Property profile & analytics
OFF-MARKET
Estimated value
$555,000
Office buildings
350 Falcon Rdg Pkwy 500 Mesquite, NV 89027-8878
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US62-0484083
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2006
Construction
FRAME
Total area
4,189 SF
Lot
0.44 ac (19,166 SF)
APN
001-18-114-015
UPID
US62-0484083
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
-
Valley Presbyterian Church Church
-
Prince of Peace Lutheran Church Church
-
Palazzo Home Gallery Vacation Rental Hotel & Motel
-
Richard Tell Associates Inc Consultant
-
Dr. Gladys S. Kodjoe, MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$645k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$437k
Blend (final)
Blend
$555k
Owner & transaction history
Mesquite Health Investment Prop LLC · 4 yrs held
Mesquite Health Investment Prop LLC
since 2021
Last sale
$497,000
5 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 Mesquite submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mesquite 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
Method
Estimation
Statistic approach
$685,000
ML approach
$645,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$555k
Range $500k – $611k · ±10% · vs last sale $497k (Aug 6 2021)
Last sale anchor
$497k
Aug 6 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$132 / SF
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
$4,244
Tax year 2023
Assessed value
$170,705
Assessed 2024
Previous assessed
$164,019
+4.1% YoY
Effective rate
2.49%
On assessed value
Assessed land
$30,186
Assessed improvement
$140,519
Land market value
$86,246
Improvement market value
$401,483
Total market value
$487,729
Applied tax rate
902.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2006
Construction
FRAME
Heating
HEAT PUMP
Stories
1
Total area
4,189 SF
Lot
0.44 ac (19,166 SF)
APN
001-18-114-015
UPID
US62-0484083
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
2006
Construction
FRAME
Heating
HEAT PUMP
Stories
1
Lot
0.44 ac
Current owner
From public records · entity-resolved
Mesquite Health Investment Prop LLC
Entity
Mailing address
2561 S 1560TH WB, WOODS CROSS, UT 84087-2361
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 6, 2021
$497,000
Mesquite Health Investment Prop LLC
Second Addition LLC Series B
Bargain And Sale Deed
$400,000 · Cache Valley Bank
Dec 29, 2017
—
Second Addition Series B
—
Deed
related
$850,000 · Us Bank NA
Sep 3, 2008
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
Oct 10, 2007
$725,000
Second Addition LLC Series B
Third Addition LLC
Quit Claim Deed
related
—
—
—
Second Addition Series B
—
Deed Of Trust
related
$850,000 · Us Bk
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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