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Property profile & analytics
OFF-MARKET
Estimated value
$695,000
Office buildings
3511 Eastern Ave Las Vegas, NV 89169-3314
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US62-0359625
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1963
Construction
FRAME
Total area
3,353 SF
Lot
0.28 ac (12,197 SF)
APN
162-14-613-022
UPID
US62-0359625
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
-
NV INJURY LAW Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$740k
CAP Approach
CAP
$845k
Comparable Approach
Comparable
$733k
Blend (final)
Blend
$695k
Owner & transaction history
3511 Eastern LLC · 5 yrs held
3511 Eastern LLC
since 2020
Last sale
$549,990
6 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
Method
Estimation
Statistic approach
$745,000
ML approach
$740,000
CAP Approach
CAP Return
Estimation
6%
$915,000
6.5%
$845,000
7%
$785,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,015,000
Current use
MEDICAL BUILDING
$925,000
Change: -9% · Conversion: Easy
Blend value · Realmo final
$695k
Range $626k – $765k · ±10% · vs last sale $550k (Aug 13 2020)
Last sale anchor
$550k
Aug 13 2020
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
$207 / 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
$2,319
Tax year 2023
Assessed value
$86,523
Assessed 2024
Previous assessed
$78,973
+9.6% YoY
Effective rate
2.68%
On assessed value
Assessed land
$40,555
Assessed improvement
$45,968
Land market value
$115,871
Improvement market value
$131,337
Total market value
$247,208
Applied tax rate
470.0000
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
1963
Construction
FRAME
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
1
Rooms
10
Bathrooms
2
Total area
3,353 SF
Lot
0.28 ac (12,197 SF)
APN
162-14-613-022
UPID
US62-0359625
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
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.0M
MEDICAL BUILDING
Est. value
$925,000
OFFICE BUILDING Current
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1963
Construction
FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Rooms
10
Bathrooms
2
Lot
0.28 ac
Current owner
From public records · entity-resolved
3511 Eastern LLC
Entity
Mailing address
1050 EASTRIDGE WAY, LAS VEGAS, NV 89110-2931
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 13, 2020
$549,990
3511 Eastern LLC
Wezi Holdings LLC Series B
Bargain And Sale Deed
$509,000 · Us Bank NA
Sep 13, 2010
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
Sep 22, 2009
—
Bonlie-bruno L Living Trust
Hamilton P J Living Trust
Quit Claim Deed
related
—
Sep 15, 1997
$179,000
Patricia J Hamilton
Levine,sherry R
Grant Deed
$330,000 · Bankwest Of Nevada
Jul 2, 1997
$125,495
Sherry R Levine
Garibay,carlos & Martha E
Trustees Deed
—
Jul 15, 1993
$200,000
Carlos Garibay
Levine,sherry R
Grant Deed
$190,000 · Seller
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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