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Property profile & analytics
OFF-MARKET
Estimated value
$520,000
Office buildings
3909 Vegas Dr Las Vegas, NV 89108-1956
Entity Owned
2-yr Hold
Property ID
US62-0436669
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1974
Construction
FRAME
Total area
2,258 SF
Lot
0.46 ac (20,038 SF)
APN
139-30-501-002
UPID
US62-0436669
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
-
Kalamazoo Material Building Supply Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$520k
CAP Approach
CAP
$640k
Comparable Approach
Comparable
$591k
Blend (final)
Blend
$520k
Owner & transaction history
5yp LLC · 2 yrs held
5yp LLC
since 2024
Last sale
$520,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$845,000
+23.5%
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
$520,000
ML approach
$520,000
CAP Approach
CAP Return
Estimation
6%
$695,000
6.5%
$640,000
7%
$595,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$685,000
Current use
RETAIL STORES
$845,000
Change: +23% · Conversion: Moderate
MEDICAL BUILDING
$620,000
Change: -9% · Conversion: Easy
Blend value · Realmo final
$520k
Range $468k – $572k · ±10% · vs last sale $520k (Jul 8 2024)
Last sale anchor
$520k
Jul 8 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
$230 / 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
$2,234
Tax year 2023
Assessed value
$97,793
Assessed 2024
Previous assessed
$97,793
+0.0% YoY
Effective rate
2.28%
On assessed value
Assessed land
$56,106
Assessed improvement
$41,687
Land market value
$160,303
Improvement market value
$119,106
Total market value
$279,409
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1974
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Rooms
5
Bathrooms
2
Total area
2,258 SF
Lot
0.46 ac (20,038 SF)
APN
139-30-501-002
UPID
US62-0436669
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
$685,000
RETAIL STORES
Est. value
$845,000
MEDICAL BUILDING
Est. value
$620,000
OFFICE BUILDING Current
RETAIL STORES
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
1974
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
5
Bathrooms
2
Lot
0.46 ac
Current owner
From public records · entity-resolved
5yp LLC
Entity
Mailing address
3654 N RANCHO DR STE #101, LAS VEGAS, NV 89130-3179
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
Jul 8, 2024
$520,000
5yp LLC
Kaboyk Kaboom LLC
Bargain And Sale Deed
$570,000 · K&l Baxter Family LP
Sep 18, 2007
—
Kaboyk-kaboom LLC
Dalessio,paul E
Quit Claim Deed
related
—
Dec 22, 2006
$499,955
Paul E Dalessio
Gramm,ronald E
Grant Deed
—
Feb 7, 2005
$339,750
Ronald E Gramm
Frank Kahn
Bargain And Sale Deed
$254,800 · Commonwealth United Mortgage
Feb 7, 2005
—
Frank Kahn
Kahn,bodhyupa
Quit Claim Deed
related
—
Aug 6, 2004
—
Sunset Palnning LP
Kahn,frank
Quit Claim Deed
related
—
Feb 4, 2004
$211,900
Frank Kahn
Cessa,jose L
Grant Deed
$127,140 · Washington Mutual Fsb
Feb 26, 2003
$167,000
Jose L Cessa
Pickford,nicholas & Yvonne
Grant Deed
$161,994 · Mercury Mortgage Service Corp
—
—
Nicholas Pickford
—
Deed Of Trust
related
$16,000 · Bank Of America
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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