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Property profile & analytics
OFF-MARKET
Estimated value
$2,960,000
Medical Office Space
517 Rose St Las Vegas, NV 89106-4020
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US62-0141271
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2002
Construction
FRAME
Total area
6,873 SF
Lot
0.73 ac (31,799 SF)
APN
139-33-303-010
UPID
US62-0141271
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
-
WHASN City Center Medical Clinic
-
Christina Cisneros Physician
-
Tamara Bader, APRN Physician
-
Kristin Davidson Physician
-
Sheldon Paul, MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.15M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.53M
Blend (final)
Blend
$2.96M
Owner & transaction history
Mmpf III Lv Wha Portfolio LLC · 3 yrs held
Mmpf III Lv Wha Portfolio LLC
since 2023
Last sale
$3.1M
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$4.0M
+111.5%
Auto repair, garage
$3.8M
+101.8%
Neighborhood: shopping center
$3.0M
+57.7%
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
$2,930,000
ML approach
$3,150,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,890,000
Current use
COMMERCIAL (GENERAL)
$4,000,000
Change: +111% · Conversion: Easy
AUTO REPAIR, GARAGE
$3,815,000
Change: +102% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,985,000
Change: +58% · Conversion: Difficult
RETAIL STORES
$2,570,000
Change: +36% · Conversion: Difficult
OFFICE BUILDING
$2,080,000
Change: +10% · Conversion: Easy
Blend value · Realmo final
$2.96M
Range $2.66M – $3.26M · ±10% · vs last sale $3.10M (Jun 27 2023)
Last sale anchor
$3.10M
Jun 27 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
$431 / 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
$12,889
Tax year 2023
Assessed value
$670,915
Assessed 2024
Previous assessed
$609,349
+10.1% YoY
Effective rate
1.92%
On assessed value
Assessed land
$267,112
Assessed improvement
$403,803
Land market value
$763,177
Improvement market value
$1,153,723
Total market value
$1,916,900
Applied tax rate
214.0000
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
2002
Construction
FRAME
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
1
Rooms
6
Bathrooms
2
Total area
6,873 SF
Lot
0.73 ac (31,799 SF)
APN
139-33-303-010
UPID
US62-0141271
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
$1.9M
COMMERCIAL (GENERAL)
Est. value
$4.0M
AUTO REPAIR, GARAGE
Est. value
$3.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.0M
RETAIL STORES
Est. value
$2.6M
OFFICE BUILDING
Est. value
$2.1M
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
OFFICE BUILDING
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
2002
Construction
FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Rooms
6
Bathrooms
2
Lot
0.73 ac
Current owner
From public records · entity-resolved
Mmpf III Lv Wha Portfolio LLC
Entity
Mailing address
3807 CLEGHOM AVE #903, NASHVILLE, TN 37215
Ownership since
2023
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
Jun 27, 2023
$3,100,000
Mmpf III Lv Wha Portfolio LLC
Rose Street Multi Specialty LLC
Bargain And Sale Deed
$2,000,000 · Rose Street Multi Specialty LLC
Nov 6, 2001
—
Rose Street Multispecialty LLC
Turner,virginia S
Quit Claim Deed
related
$942,370 · Silver State Bank
Mar 5, 2001
$460,000
Rose Street Multi-specialty
Bean Trust
Grant Deed
$325,000 · Silver State Bank
—
—
Rose Street Multi-specialty
—
Deed Of Trust
related
$422,000 · Nevada State Development Corp
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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