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Property profile & analytics
OFF-MARKET
Estimated value
$615,000
Office buildings
581 Mesquite Blvd Mesquite, NV 89027-5156
Individually Owned
3-yr Hold
Free & Clear
Property ID
US62-1281508
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1982
Construction
FRAME
Total area
2,796 SF
Lot
0.62 ac (27,007 SF)
APN
001-17-601-005
UPID
US62-1281508
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
-
Mesquite Bus Co Inc Travel Agency Tour Operator
-
homes for sale in mesquite, nv - michael mclaughlin - desert gold realty Real Estate Agency
-
Virginia Hepp - Realtor Real Estate Agency
-
Desert Gold Realty LLC Real Estate Agency
-
Lila Sellers, Broker/Real Estate Salesperson Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$795k
Comparable Approach
Comparable
$429k
Blend (final)
Blend
$615k
Owner & transaction history
Merlin Hafen · 3 yrs held
Merlin Hafen
since 2022
Last sale
$32,076
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$910,000
+8.2%
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 Mesquite submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mesquite 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%
$860,000
6.5%
$795,000
7%
$740,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$840,000
Current use
RETAIL STORES
$910,000
Change: +8% · Conversion: Moderate
MEDICAL BUILDING
$810,000
Change: -4% · Conversion: Easy
Blend value · Realmo final
$615k
Range $554k – $677k · ±10% · vs last sale $32k (Jul 20 2022)
Last sale anchor
$32k
Jul 20 2022
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
$220 / 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 2021Property tax & assessments
Tax year 2021
Tax billed
$4,012
Tax year 2021
Assessed value
$167,483
Assessed 2022
Previous assessed
$167,483
+0.0% YoY
Effective rate
2.40%
On assessed value
Assessed land
$85,072
Assessed improvement
$82,411
Land market value
$243,063
Improvement market value
$235,460
Total market value
$478,523
Applied tax rate
902.0000
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
FRAME
Heating
YES
Cooling
CENTRAL
Stories
1
Units
1
Rooms
11
Bathrooms
3
Total area
2,796 SF
Lot
0.62 ac (27,007 SF)
APN
001-17-601-005
UPID
US62-1281508
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
$840,000
RETAIL STORES
Est. value
$910,000
MEDICAL BUILDING
Est. value
$810,000
OFFICE BUILDING Current
RETAIL STORES
MEDICAL 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
1982
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Units
1
Rooms
11
Bathrooms
3
Lot
0.62 ac
Current owner
From public records · entity-resolved
Merlin Hafen
Individual
Free & Clear · 3 yrs held
Mailing address
636 SAWGRASS WAY, MESQUITE, NV 89027-6769
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 20, 2022
$32,076
Merlin Hafen
Walker Fields LLC
Bargain And Sale Deed
—
Aug 10, 2018
$304,000
Merlin Hafen
Ndkmt LLC
Grant Deed
—
Aug 16, 2012
$344,000
Ndkmt LLC
Hafen,nelson & Laurel
Grant Deed
—
Jul 15, 2003
$230,000
Nelson Hafen
Hafen,bryan K & Dawn
Grant Deed
related
$184,000 · Chase Manhattan Mortgage Corp
—
—
Bryan K Hafen
—
Deed Of Trust
related
$152,000 · First Security Bank
—
—
Bryan K Haffen
—
Deed Of Trust
related
$650,000 · First Security 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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