New search
Property profile & analytics
OFF-MARKET
Estimated value
$1,160,000
Office buildings
401 Paradise Pkwy Mesquite, NV 89027-5411
Entity Owned
4-yr Hold
Free & Clear
Property ID
US62-0956200
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2001
Construction
FRAME
Total area
9,649 SF
Lot
1.97 ac (85,813 SF)
APN
001-04-701-036
UPID
US62-0956200
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.27M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.51M
Blend (final)
Blend
$1.16M
Owner & transaction history
Richard Barton Enterprises · 4 yrs held
Richard Barton Enterprises
since 2021
Last sale
$900,000
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 Mesquite submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mesquite 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
$1,240,000
ML approach
$1,265,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.16M
Range $1.04M – $1.28M · ±10% · vs last sale $900k (Nov 16 2021)
Last sale anchor
$900k
Nov 16 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
$120 / 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
$22,017
Tax year 2023
Assessed value
$1,082,244
Assessed 2024
Previous assessed
$971,857
+11.4% YoY
Effective rate
2.03%
On assessed value
Assessed land
$70,882
Assessed improvement
$1,011,362
Land market value
$202,520
Improvement market value
$2,889,606
Total market value
$3,092,126
Applied tax rate
901.0000
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
2001
Construction
FRAME
Heating
HEAT PUMP
Buildings
2
Stories
2
Total area
9,649 SF
Lot
1.97 ac (85,813 SF)
APN
001-04-701-036
UPID
US62-0956200
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
2001
Construction
FRAME
Heating
HEAT PUMP
Stories
2
Buildings
2
Lot
1.97 ac
Current owner
From public records · entity-resolved
Richard Barton Enterprises
Entity
Free & Clear · 4 yrs held
Mailing address
845 N EUCLID AVE, ONTARIO, CA 91762-2729
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 16, 2021
$900,000
Richard Barton Enterprises
Russell K Bowler
Bargain And Sale Deed
—
Feb 17, 2017
—
Bowler,joe & Dixie Family Trust
Bowler Joe & Dixie Trust
Quit Claim Deed
related
—
May 31, 2011
—
Cyn Resort Owners Ass Paradise
Alessi & Koenig LLC
Trustees Deed
related
—
May 20, 2011
$36,661
Canyons HOA Paradise
Alessi & Koenig LLC
Trustees Deed
—
Jan 19, 2005
$400,000
Bowler Joe & Dixie Trust
New Fork LLC
Grant Deed
—
Dec 2, 2004
$1,308,204
Resources Group LLC
Nevada Title Co
Trustees Deed
—
Jan 7, 2004
—
Thornton Gordon M & B G Trust
Thornton,gordon M & Bonny G
Quit Claim Deed
related
—
Feb 28, 2003
$1,453,810
Twc Commercial LLC
Rc Commercial LLC
Grant Deed
—
—
—
Paradise Canyon LLC
—
Deed Of Trust
related
$108,112 · Kolesar & Leatham Chtd
—
—
Twc Commercial LLC
—
Deed Of Trust
related
$3,753,955 · Dean Anderson
—
—
Twc Commercial LLC
—
Deed Of Trust
related
$500,000 · Leerad Family LP
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 401 Paradise Pkwy?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
