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Property profile & analytics
OFF-MARKET
Estimated value
$3,460,000
Office buildings
4080 Lk Mead Blvd Las Vegas, NV 89115-6466
Trust Owned
12-yr Hold
Free & Clear
Property ID
US62-0396179
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1982
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
24,320 SF
Lot
1.23 ac (53,579 SF)
APN
140-19-601-022
UPID
US62-0396179
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
-
Angel Care Home Health Services Home Health Care Service
-
Communication Electronic Systems Engineer
-
Canyon Electric Company Inc. Electrical Service General Contractor
-
Virtual┃CoWorking & Office Space Real Estate Agency
-
B2B Management Services LLC Business Management Consultant Service Establishment
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.60M
Blend (final)
Blend
$3.46M
Owner & transaction history
Ellsi,f D Family Living Trust · 12 yrs held
Ellsi,f D Family Living Trust
since 2014
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.46M
Range $3.11M – $3.81M · ±10%
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
$142 / 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
$19,962
Tax year 2023
Assessed value
$735,759
Assessed 2024
Previous assessed
$680,540
+8.1% YoY
Effective rate
2.71%
On assessed value
Assessed land
$164,086
Assessed improvement
$571,673
Land market value
$468,817
Improvement market value
$1,633,351
Total market value
$2,102,168
Applied tax rate
340.0000
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
1982
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
2
Total area
24,320 SF
Lot
1.23 ac (53,579 SF)
APN
140-19-601-022
UPID
US62-0396179
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
1982
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
2
Lot
1.23 ac
Current owner
From public records · entity-resolved
Ellsi,f D Family Living Trust
Trust
Free & Clear · 12 yrs held
Mailing address
4080 E LK MEAD BLVDA, LAS VEGAS, NV 89115-6466
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 29, 2018
—
4080 Associates LLC
—
Deed
related
$800,000 · Western Alliance Bk
Mar 1, 2017
—
4080 Associates LLC
—
Deed
related
$800,000 · Western Alliance Bk
Oct 3, 2016
—
4080 Associates LLC
—
Deed
related
$500,000 · Western Alliance Bank
Feb 4, 2014
—
Ellsi,f D Family Living Trust
Communication Electronic Syste
Quit Claim Deed
related
—
Sep 12, 2013
—
Ellis,f D Family Living Trust
4080 Associates LLC
Quit Claim Deed
related
—
Mar 14, 2013
—
4080 Associates LLC
Ellis F D Fam Living Trust
Quit Claim Deed
related
—
May 4, 2004
$1,467,870
Ellis,tr
Ellis,tr
Quit Claim Deed
related
$1,000,000 · Bankwest Of Nevada
Mar 31, 2003
$1,154,793
Ellis,tr
Ross,harold
Trustees Deed
—
Dec 2, 1996
$1,300,000
Harold Ross
Ellis,david L
Grant Deed
$1,100,000 · Seller
—
—
Communication Electronic Syste
—
Loan Modification
related
—
—
—
4080 Assoc LLC
—
Deed Of Trust
related
$500,000 · Western Alliance Bk
—
—
4080 Associates LLC
—
Loan Modification
related
$800,000 · Western Alliance Bk
—
—
4080 Associates LLC
—
Loan Modification
related
$800,000 · Western Alliance 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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