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Property profile & analytics
OFF-MARKET
Estimated value
$1,690,000
Office buildings
3930 Ann Rd North Las Vegas, NV 89031-3841
Individually Owned
5-yr Hold
Free & Clear
Property ID
US62-0344989
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2006
Construction
FRAME
Total area
5,056 SF
Lot
0.12 ac (5,056 SF)
APN
124-30-813-030
UPID
US62-0344989
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
-
WHASN Aliante Medical Clinic
-
Nathania Park, APRN Physician
-
Julia Sung Physician
-
Christopher Moore Physician
-
Paige Cook Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.03M
CAP Approach
CAP
$1.15M
Comparable Approach
Comparable
$1.59M
Blend (final)
Blend
$1.69M
Owner & transaction history
Morteza Mashhadian · 5 yrs held
Morteza Mashhadian
since 2021
Last sale
$1.6M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$2.3M
+38.8%
Auto repair, garage
$2.1M
+26.5%
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 North Las Vegas submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North 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
$2,190,000
ML approach
$2,025,000
CAP Approach
CAP Return
Estimation
6%
$1,245,000
6.5%
$1,150,000
7%
$1,065,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,635,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$2,270,000
Change: +39% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,070,000
Change: +26% · Conversion: Difficult
MEDICAL BUILDING
$1,460,000
Change: -11% · Conversion: Easy
Blend value · Realmo final
$1.69M
Range $1.52M – $1.86M · ±10% · vs last sale $1.59M (Apr 7 2021)
Last sale anchor
$1.59M
Apr 7 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
$334 / 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
$6,244
Tax year 2023
Assessed value
$259,633
Assessed 2024
Previous assessed
$248,855
+4.3% YoY
Effective rate
2.40%
On assessed value
Assessed land
$23,890
Assessed improvement
$235,743
Land market value
$68,257
Improvement market value
$673,551
Total market value
$741,808
Applied tax rate
250.0000
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
YES
Stories
1
Total area
5,056 SF
Lot
0.12 ac (5,056 SF)
APN
124-30-813-030
UPID
US62-0344989
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
$1.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.3M
AUTO REPAIR, GARAGE
Est. value
$2.1M
MEDICAL BUILDING
Est. value
$1.5M
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
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
2006
Construction
FRAME
Heating
YES
Stories
1
Lot
0.12 ac
Current owner
From public records · entity-resolved
Morteza Mashhadian
Individual
Free & Clear · 5 yrs held
Mailing address
1149 E FRNT ST, LYNDEN, WA 98264-1656
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 22, 2021
—
Morteza Mashhadian
Preferred Trust Company
Re-recorded Document
related
—
Apr 9, 2021
—
Morteza Mashhadian
Preferred Trust Company
Re-recorded Document
related
—
Apr 7, 2021
$1,590,000
Morteza Mashhadian
Preferred Trust Company
Bargain And Sale Deed
—
Nov 20, 2018
—
Ann Allen Maintenance Corp
Fnbn Properties Nevada LLC
Quit Claim Deed
related
—
Aug 8, 2018
$1,908,551
Ann Allen Maintenance Corp
Fnbn Properties Nevada LLC
Quit Claim Deed
related
—
Jul 18, 2013
$234,000
Sheldon Paul
Fnbn Properties Nevada LLC
Grant Deed
—
Dec 2, 2011
$1,000,000
Fnbn Properties Nevada LLC
Woodbury Morris & Brown
Trustees Deed
—
Sep 9, 2011
$1,000,000
Fnbn Properties Nevada LLC
Woodbury Morris & Brown
Trustees Deed
—
Sep 2, 2011
$1,000,000
Fnbn Properties Nevada LLC
Woodbury Morris & Brown
Trustees Deed
—
Jun 12, 2008
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
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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