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Property profile & analytics
OFF-MARKET
Estimated value
$3,090,000
Office buildings
3625 Town Ctr Dr Las Vegas, NV 89135-3053
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US62-1301757
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2007
Construction
FRAME
Total area
5,220 SF
Lot
0.44 ac (19,166 SF)
APN
164-13-212-013
UPID
US62-1301757
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
-
IconTrust, LLC Bank Credit Union
-
RPM Mental Health BIlling Service Medical Billing Service
-
Simmons Freeman Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.17M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.09M
Owner & transaction history
Town Center Partners LLC · 3 yrs held
Town Center Partners LLC
since 2023
Last sale
$2.9M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.8M
+138.0%
Commercial (general)
$3.3M
+108.9%
Auto repair, garage
$2.9M
+83.4%
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
$3,310,000
ML approach
$3,165,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$3,760,000
Change: +138% · Conversion: Moderate
COMMERCIAL (GENERAL)
$3,300,000
Change: +109% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,900,000
Change: +83% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,265,000
Change: +43% · Conversion: Difficult
RETAIL STORES
$1,950,000
Change: +23% · Conversion: Moderate
Blend value · Realmo final
$3.09M
Range $2.78M – $3.40M · ±10% · vs last sale $2.95M (Apr 14 2023)
Last sale anchor
$2.95M
Apr 14 2023
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
$592 / 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
$9,596
Tax year 2023
Assessed value
$439,643
Assessed 2024
Previous assessed
$406,900
+8.0% YoY
Effective rate
2.18%
On assessed value
Assessed land
$147,578
Assessed improvement
$292,065
Land market value
$421,651
Improvement market value
$834,471
Total market value
$1,256,122
Applied tax rate
420.0000
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
2007
Construction
FRAME
Heating
HEAT PUMP
Stories
1
Total area
5,220 SF
Lot
0.44 ac (19,166 SF)
APN
164-13-212-013
UPID
US62-1301757
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
RESTAURANT
Est. value
$3.8M
COMMERCIAL (GENERAL)
Est. value
$3.3M
AUTO REPAIR, GARAGE
Est. value
$2.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.3M
RETAIL STORES
Est. value
$2.0M
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
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
2007
Construction
FRAME
Heating
HEAT PUMP
Stories
1
Lot
0.44 ac
Current owner
From public records · entity-resolved
Town Center Partners LLC
Entity
Mailing address
10120 W FLAMINGO RD STE #5, LAS VEGAS, NV 89147-8395
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 14, 2023
$2,945,000
Town Center Partners LLC
Storybook Building LLC
Bargain And Sale Deed
$2,209,000 · Lexicon Bank
May 20, 2021
$398,387
Katherine L Huang
Storybook Cadence LLC
Bargain And Sale Deed
$227,387 · Guild Mortgage Co
Jul 23, 2018
—
Storybook-tropicana LLC
—
Deed Of Trust
related
$3,500,000 · Housing Cap
Mar 19, 2018
$2,025,000
Storybook Building LLC
Greenshire Office Center LLC
Bargain And Sale Deed
$1,260,000 · Meadows Bank
Dec 12, 2008
$1,835,000
Greenshire Office Center LLC
Shah1 LLC
Grant Deed
$940,000 · Bank Of Nevada
—
—
Shah1 LLC
—
Deed Of Trust
related
$352,660 · Red Rock Community Bank
—
—
Shah1 LLC
—
Deed Of Trust
related
$1,275,000 · Red Rock Community Bank
—
—
Shah1 LLC
—
Deed Of Trust
related
$539,000 · Red Rock Community Bank
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.
Try Rey
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