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Property profile & analytics
OFF-MARKET
Estimated value
$1,425,000
Medical Office Space
4550 Charleston Blvd 150 Las Vegas, NV 89104-5525
Entity Owned
6-yr Hold
Free & Clear
Property ID
US62-1250201
Property summary
AI-generated overview
This single-tenant medical office building, totaling 8,127 square feet, is situated on a 0.85-acre lot at the highly visible intersection of Charleston Boulevard and Lamb Boulevard in Las Vegas. Built in 1984 and extensively renovated in 2018, the Class B property features a modern lobby and flexible, customizable spaces ideal for a variety of medical specialties. The single-story building offers ample room for growth and seamless integration of different healthcare services. Designed with medical tenants in mind, it boasts 60 on-site parking spaces, ensuring convenient access for patients and staff. The property's zoning is designated as Medical, and its APN is 140-32-401-011. With over 104,600 vehicles passing daily, this location provides unparalleled visibility and accessibility. The property's spacious layout and modern amenities make it an attractive option for healthcare providers seeking to establish or expand their practice in the thriving Las Vegas market. No elevators are present. This exceptional opportunity is available for lease.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1984
Construction
FRAME
Total area
8,127 SF
Lot
0.85 ac (37,026 SF)
APN
140-32-401-011
UPID
US62-1250201
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
-
Cancer Care Center Physician
-
Di Pallo Beverly Medical Clinic
-
Stein Sheldon J DO Physician
-
Malone Jerald D MD Physician
-
Rodriquez Humberto MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.66M
Comparable Approach
Comparable
$1.06M
Blend (final)
Blend
$1.43M
Owner & transaction history
4550 Charleston LLC · 6 yrs held
4550 Charleston LLC
since 2019
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%
$1,795,000
6.5%
$1,655,000
7%
$1,540,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$2,235,000
Current use
COMMERCIAL (GENERAL)
$2,060,000
Change: -8% · Conversion: Easy
RETAIL STORES
$2,005,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$1.43M
Range $1.28M – $1.57M · ±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
$175 / 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
$11,656
Tax year 2023
Assessed value
$362,159
Assessed 2024
Previous assessed
$334,684
+8.2% YoY
Effective rate
3.22%
On assessed value
Assessed land
$113,392
Assessed improvement
$248,767
Land market value
$323,977
Improvement market value
$710,763
Total market value
$1,034,740
Applied tax rate
200.0000
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
1984
Construction
FRAME
Heating
HEAT PUMP
Stories
1
Total area
8,127 SF
Lot
0.85 ac (37,026 SF)
APN
140-32-401-011
UPID
US62-1250201
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
MEDICAL BUILDING Current
Est. value
$2.2M
COMMERCIAL (GENERAL)
Est. value
$2.1M
RETAIL STORES
Est. value
$2.0M
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
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
1984
Construction
FRAME
Heating
HEAT PUMP
Stories
1
Lot
0.85 ac
Current owner
From public records · entity-resolved
4550 Charleston LLC
Entity
Free & Clear · 6 yrs held
Mailing address
516 N LARCHMONT BLVD, LOS ANGELES, CA 90004-1306
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 7, 2019
—
4550 Charleston LLC
Leadpro Consulting LLC
Grant Deed
related
—
Feb 16, 2018
$655,000
Leadpro Consulting LLC
One More LLC
Grant Deed
—
Jun 25, 2012
$531,000
One More LLC
First Financial Collateral INC
Grant Deed
$212,400 · Bank Of America
Oct 6, 2011
—
First Financial Collateral INC
First Financial Bank NA
Quit Claim Deed
related
—
Oct 6, 2011
$648,000
First Financial Bank NA
Stewart Title Of Nv Holdings
Trustees Deed
related
—
Nov 15, 2007
$1,401,119
Bds & Son LLC
Lyra Investments LLC
Bargain And Sale Deed
$1,400,000 · Irwin Union Bank & Trust Co
Aug 31, 2004
$1,600,000
Lyra Investments LLC
Malone,debra L
Grant Deed
$800,000 · Nevada First Bank
Apr 23, 2004
—
Debra L Malone
Malone,jerald D
Affidavit Of Death
related
—
Jan 21, 1999
$8,500
Jerald D Malone
Malone & Carter
Grant Deed
related
—
—
—
Jerald D Malone
—
Deed Of Trust
related
$1,100,000 · Money Store Commercial Mtg
—
—
Lyra Investments LLC
—
Deed Of Trust
related
$660,000 · Nevada State Development Corp
—
—
Abraham J Schiff
—
Deed Of Trust
related
$500,000 · Nevada State Bank
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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