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Property profile & analytics
OFF-MARKET
Estimated value
$6,200,000
Office buildings
3820 Hualapai Way Las Vegas, NV 89147-5732
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US62-1171076
Property summary
AI-generated overview
This exceptional two-unit office building, located at 3820 S. Hualapai Way in Las Vegas, Nevada, presents a compelling investment opportunity. Boasting a total of 7,500 square feet, the property is priced at $3,750,000, translating to $500 per square foot. Constructed in 2008, this two-story building is zoned C-2, allowing for diverse commercial uses. The property features ample parking, including covered spaces, and benefits from prominent building and monument signage opportunities. Its convenient location adjacent to the 215 Beltway ensures excellent accessibility and visibility. The versatile space is suitable for executive offices, medical offices, or traditional office setups, making it an ideal choice for a variety of businesses. The property's APN is 163-18-314-006, and the zip code is 89147. This well-maintained building offers a strong return on investment in a thriving Las Vegas market. The property is situated in Clark County and offers a rare opportunity to acquire a substantial office space in a highly desirable location. The building's modern design and prime location make it an attractive option for businesses seeking a prestigious address.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2007
Construction
FRAME
Total area
14,890 SF
Lot
1.08 ac (47,045 SF)
APN
163-18-314-006
UPID
US62-1171076
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
-
Dr. Gregory Kwok Physician
-
Cissie L. Horton, Crna Physician
-
Hualapai Pavillion Commons - Building 6 Medical Clinic
-
Lawrence Schroeder Live Promotional Events Event Planning
-
Dr. David Liang Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.20M
CAP Approach
CAP
$3.76M
Comparable Approach
Comparable
$5.80M
Blend (final)
Blend
$6.20M
Owner & transaction history
Prosperity Realty Group LLC · 1 yrs held
Prosperity Realty Group LLC
since 2024
Last sale
$6.2M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$9.4M
+87.7%
Auto repair, garage
$8.3M
+64.9%
Neighborhood: shopping center
$6.5M
+28.9%
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
$6,200,000
ML approach
$6,200,000
CAP Approach
CAP Return
Estimation
6%
$4,075,000
6.5%
$3,760,000
7%
$3,490,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$5,015,000
Current use
COMMERCIAL (GENERAL)
$9,415,000
Change: +88% · Conversion: Easy
AUTO REPAIR, GARAGE
$8,270,000
Change: +65% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$6,465,000
Change: +29% · Conversion: Difficult
RETAIL STORES
$5,565,000
Change: +11% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$4,410,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$6.20M
Range $5.58M – $6.82M · ±10% · vs last sale $6.20M (Dec 17 2024)
Last sale anchor
$6.20M
Dec 17 2024
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
$416 / 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
$23,895
Tax year 2023
Assessed value
$1,106,739
Assessed 2024
Previous assessed
$1,000,352
+10.6% YoY
Effective rate
2.16%
On assessed value
Assessed land
$366,363
Assessed improvement
$740,376
Land market value
$1,046,751
Improvement market value
$2,115,360
Total market value
$3,162,111
Applied tax rate
417.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
YES
Stories
2
Total area
14,890 SF
Lot
1.08 ac (47,045 SF)
APN
163-18-314-006
UPID
US62-1171076
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
$5.0M
COMMERCIAL (GENERAL)
Est. value
$9.4M
AUTO REPAIR, GARAGE
Est. value
$8.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.5M
RETAIL STORES
Est. value
$5.6M
INDUSTRIAL (GENERAL)
Est. value
$4.4M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
INDUSTRIAL (GENERAL)
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
YES
Stories
2
Lot
1.08 ac
Current owner
From public records · entity-resolved
Prosperity Realty Group LLC
Entity
Mailing address
6970 S CIMARRON RD #220, LAS VEGAS, NV 89113-2135
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 25, 2026
—
Prosperity Realty Group LLC
—
Deed
related
$3,271,000 · Nevada State Development Corporation
Dec 17, 2024
$6,200,000
Prosperity Realty Group LLC
Hualapai Mob LLC
Bargain & Sale Deed
$4,656,200 · Western Alliance Bank
Mar 30, 2022
$3,770,000
Hualapai Mob LLC
Patriot Reading Associates LLC
Bargain And Sale Deed
$4,516,000 · Farmers & Merchants Bank
Jun 21, 2016
—
Patriot-reading Associates LLC
—
Deed
related
$2,725,000 · Bank Of The West
Feb 27, 2008
$6,558,885
Patriot-reading Associates LLC
Hualapai Pavillion Commons LLC
Grant Deed
—
Jun 14, 2007
—
Hualapai Pavillion Commons LLC
—
Trustees Deed
related
$2,880,000 · Appian Grp Invs De LLC
Jun 24, 2005
$5,150,000
Hualapai Pavillion Commons LLC
Hualapai Pavillion Centre LLC
Bargain And Sale Deed
$2,816,660 · Community Bank Of Nevada
—
—
Patriot-reading Associates LLC
—
Deed Of Trust
related
$5,867,800 · Meadows Bank
—
—
Patriot-reading Associates LLC
—
Deed Of Trust
related
$2,725,000 · Bank Of The West
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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