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Property profile & analytics
OFF-MARKET
Estimated value
$2,975,000
Office buildings
4015 El Capitan Way Las Vegas, NV 89147-3460
Trust Owned
~
Est. High Equity
Property ID
US62-0381910
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2006
Construction
FRAME
Total area
5,944 SF
Lot
1.11 ac (48,352 SF)
APN
163-17-415-005
UPID
US62-0381910
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
-
Elite Prep Tutoring Service
-
Beauty Chemistry LV Medical Clinic Skin Care Clinic
-
CMC Hair Co. Hair Salon
-
Touch Up Aesthetics Hair Salon Nail Salon
-
Fairway Independent Mortgage Corporation-Las Vegas Loan Service Bank
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.34M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.48M
Blend (final)
Blend
$2.98M
Owner & transaction history
The Cox Revocable Living Trust
The Cox Revocable Living Trust
since 2025
Last sale
$2.9M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.3M
+113.9%
Commercial (general)
$3.8M
+87.7%
Auto repair, garage
$3.3M
+64.9%
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
$3,260,000
ML approach
$3,340,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,005,000
Current use
RESTAURANT
$4,285,000
Change: +114% · Conversion: Moderate
COMMERCIAL (GENERAL)
$3,760,000
Change: +88% · Conversion: Easy
AUTO REPAIR, GARAGE
$3,300,000
Change: +65% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,580,000
Change: +29% · Conversion: Difficult
RETAIL STORES
$2,220,000
Change: +11% · Conversion: Moderate
Blend value · Realmo final
$2.98M
Range $2.68M – $3.27M · ±10% · vs last sale $2.90M (Mar 28 2023)
Last sale anchor
$2.90M
Mar 28 2023
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
$501 / 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
$17,378
Tax year 2023
Assessed value
$833,674
Assessed 2024
Previous assessed
$754,969
+10.4% YoY
Effective rate
2.08%
On assessed value
Assessed land
$291,925
Assessed improvement
$541,749
Land market value
$834,071
Improvement market value
$1,547,854
Total market value
$2,381,925
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
2006
Construction
FRAME
Heating
HEAT PUMP
Buildings
2
Stories
1
Total area
5,944 SF
Lot
1.11 ac (48,352 SF)
APN
163-17-415-005
UPID
US62-0381910
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
$2.0M
RESTAURANT
Est. value
$4.3M
COMMERCIAL (GENERAL)
Est. value
$3.8M
AUTO REPAIR, GARAGE
Est. value
$3.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.6M
RETAIL STORES
Est. value
$2.2M
OFFICE BUILDING Current
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
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
HEAT PUMP
Stories
1
Buildings
2
Lot
1.11 ac
Current owner
From public records · entity-resolved
The Cox Revocable Living Trust
Trust
Mailing address
1023 KYS DR, BOULDER CITY, NV 89005-1135
Ownership since
2025
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
Dec 11, 2025
—
The Cox Revocable Living Trust
Cr Smith Enterprises A Series LLC
Deed
related
—
Mar 28, 2023
$2,900,000
Robert E Cox
Ct Smith Enterprises A Series LLC
Bargain And Sale Deed
—
Sep 30, 2015
—
Ct Smith Ents
Mer Soleil LLC
Grant Deed
related
—
Aug 9, 2007
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
—
—
Ct Smith Ents Series LLC
—
Deed Of Trust
related
$2,000,000 · Collins Lauri Trust (rt)
—
—
Mer Soleil LLC
—
Deed Of Trust
related
$1,050,000 · Security National Life Ins
—
—
Mer Soleil LLC
—
Deed Of Trust
related
$338,000 · Martin Barrett
—
—
Mer Soleil LLC
—
Deed Of Trust
related
$225,000 · William Gayler
—
—
Mer Soleil LLC
—
Deed Of Trust
related
$833,354 · William Gayler
—
—
Mer Soleil LLC
—
Deed Of Trust
related
$1,350,000 · Security National Life Ins
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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