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Property profile & analytics
OFF-MARKET
Estimated value
$64,690,000
Office buildings
495 Main St 330 Las Vegas, NV 89101-6318
Entity Owned
5-yr Hold
Free & Clear
Property ID
US62-0360329
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2011
Construction
STEEL FRAME
Total area
233,532 SF
Lot
2.98 ac (129,809 SF)
APN
139-34-201-022
UPID
US62-0360329
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
-
Las Vegas Building & Safety City Government Office
-
Las Vegas Medical District Local Government Office
-
Bank of America ATM Atm
-
Las Vegas City Finance Department City Tax Office
-
City of Las Vegas Government City Government Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$58.98M
Comparable Approach
Comparable
$74.98M
Blend (final)
Blend
$64.69M
Owner & transaction history
City Parkway V INC · 5 yrs held
City Parkway V INC
since 2020
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$101.4M
+30.0%
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%
$63,895,000
6.5%
$58,980,000
7%
$54,765,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$77,995,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$101,380,000
Change: +30% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$69,145,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$64.69M
Range $58.22M – $71.16M · ±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
$277 / 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
Assessed value
$23,516,924
Assessed 2024
Previous assessed
$31,937,680
-26.4% YoY
Assessed land
$1,596,975
Assessed improvement
$21,919,949
Land market value
$4,562,786
Improvement market value
$62,628,426
Total market value
$67,191,212
Applied tax rate
203.0000
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
2011
Construction
STEEL FRAME
Heating
YES
Cooling
YES
Buildings
3
Stories
7
Total area
233,532 SF
Lot
2.98 ac (129,809 SF)
APN
139-34-201-022
UPID
US62-0360329
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
$78.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$101.4M
INDUSTRIAL (GENERAL)
Est. value
$69.1M
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
INDUSTRIAL (GENERAL)
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
2011
Construction
STEEL FRAME
Heating
YES
Cooling
Yes
Stories
7
Buildings
3
Lot
2.98 ac
Current owner
From public records · entity-resolved
City Parkway V INC
Entity
Free & Clear · 5 yrs held
Mailing address
495 S MAIN ST, LAS VEGAS, NV 89101-6318
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 31, 2020
$2,085,000
City Parkway V INC
C Verapappa Ww LLC
Grant Deed
—
Feb 17, 2012
—
City Of Las Vegas Nevada
Pq Las Vegas LLC
Grant Deed
related
—
Dec 17, 2009
—
City Of Las Vegas Nv
—
Deed Of Trust
related
$188,270,000 · Us Bank NA
Dec 10, 2009
—
Pq Las Vegas LLC
Livework LLC
Grant Deed
related
—
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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