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Property profile & analytics
OFF-MARKET
Estimated value
$640,000
Medical Office Space
3980 Eastern Ave Las Vegas, NV 89119-5102
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US62-0422621
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1988
Construction
FRAME
Total area
4,645 SF
Lot
0.5 ac (21,780 SF)
APN
162-13-401-004
UPID
US62-0422621
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. Ritchie N. Stevens, MD Physician Medical Clinic
-
Radiation Oncology Centers of Nevada Medical Clinic Hospital
-
Dr Becker - Radiation Oncology Physician
-
OptumCare Cancer Care at Eastern - Radiation Oncology Physician
-
Dr. Carlos Lopez Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$640k
Owner & transaction history
Las Vegas Medical Props LLC · 8 yrs held
Las Vegas Medical Props LLC
since 2018
7 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$138 / 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
$6,374
Tax year 2023
Assessed value
$224,164
Assessed 2024
Previous assessed
$223,884
+0.1% YoY
Effective rate
2.84%
On assessed value
Assessed land
$72,419
Assessed improvement
$151,745
Land market value
$206,911
Improvement market value
$433,557
Total market value
$640,468
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1988
Construction
FRAME
Heating
HEAT PUMP
Stories
1
Total area
4,645 SF
Lot
0.5 ac (21,780 SF)
APN
162-13-401-004
UPID
US62-0422621
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
Building & site characteristics
From public records
Year built
1988
Construction
FRAME
Heating
HEAT PUMP
Stories
1
Lot
0.5 ac
Current owner
From public records · entity-resolved
Las Vegas Medical Props LLC
Entity
Mailing address
2337 DOLPHIN CT, HENDERSON, NV 89074-5320
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 9, 2018
—
Las Vegas Medical Prop LLC
—
Deed
related
$3,000,000 · Government Personnel Mutual Li
Jan 8, 2018
—
Las Vegas Medical Props LLC
Radiation Oncology Leasing Co
Quit Claim Deed
related
—
Apr 7, 1995
$180,000
Radiation Oncology Leasing Co
Therapy Leasing Co
Grant Deed
$540,000 · First Interstate Bank Nevada
Jan 22, 1993
$553,500
Therapy Leasing Company
Unknown
Grant Deed
—
—
—
Radlation Oncology Leasing Co
—
Deed Of Trust
related
$1,600,000 · Wells Fargo Bank Nevada
—
—
Las Vegas Medical Prop LLC
—
Deed Of Trust
related
$3,000,000 · Government Personnel Mutual Li
—
—
Radiation Oncology Leasing Co
—
Deed Of Trust
related
$600,000 · Wells Fargo Bk
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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