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Property profile & analytics
OFF-MARKET
Office buildings
607 Decatur Blvd Las Vegas, NV 89107-3912
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US62-0190264
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1955
Construction
FRAME
Total area
1,469 SF
Lot
0.18 ac (7,841 SF)
APN
139-31-310-051
UPID
US62-0190264
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Pacific Southwest Dist Of Chr Of Br · 3 yrs held
Pacific Southwest Dist Of Chr Of Br
since 2023
Last sale
$480,000
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$1,460
Tax year 2023
Assessed value
$56,954
Assessed 2024
Previous assessed
$53,240
+7.0% YoY
Effective rate
2.56%
On assessed value
Assessed land
$37,044
Assessed improvement
$19,910
Land market value
$105,840
Improvement market value
$56,886
Total market value
$162,726
Applied tax rate
213.0000
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
1955
Construction
FRAME
Heating
HEAT PUMP
Stories
1
Total area
1,469 SF
Lot
0.18 ac (7,841 SF)
APN
139-31-310-051
UPID
US62-0190264
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
1955
Construction
FRAME
Heating
HEAT PUMP
Stories
1
Lot
0.18 ac
Current owner
From public records · entity-resolved
Pacific Southwest Dist Of Chr Of Br
Individual
Mailing address
151 S GLENDORA AVE, GLENDORA, CA 91741-3417
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
18 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 30, 2023
$480,000
Pacific Southwest Dist Of Chr Of Br
Ying Luo
Bargain And Sale Deed
—
Aug 29, 2016
$236,000
Ying Luo
607 S Decatur LLC
Grant Deed
—
Aug 29, 2016
—
Ying Luo
Anderson,eric C
Quit Claim Deed
related
—
Jun 30, 2011
$125,000
607 S Decatur LLC
1cb Real Estate Holdings LLC
Grant Deed
$85,550 · Service First Bank
Sep 24, 2010
—
1cb Real Estate Holdings LLC
First Commerce Bk
Grant Deed
related
—
Sep 16, 2010
$117,000
Commerce Bk First
Kolesar & Leatham Chtd
Trustees Deed
related
—
Sep 11, 2003
—
Thomas L Powell
Powell,tr
Quit Claim Deed
related
$210,000 · Bankwest Of Nevada
Nov 3, 1999
$306,000
Thomas Powell
Gerleman,tedge M
Grant Deed
$212,800 · Desert Community Bank
Sep 11, 1998
$187,000
Tedge M Gerleman
Nickmar INC
Grant Deed
$716,700 · Seller
Jun 11, 1997
$165,000
Nickmar INC
Fry,robert C
Grant Deed
—
Apr 19, 1996
$139,500
Robert C Fry
Willetts Trust
Grant Deed
—
May 8, 1991
$120,000
Willetts,1991 Trust
Unknown
Grant Deed
—
—
—
Robert C Fry
—
Deed Of Trust
related
$140,000 · First Interstate Bank Nevada
—
—
Powell T L & C L Living Trust
—
Deed Of Trust
related
$100,000 · First Commerce Bank
—
—
607 S Decatur LLC
—
Deed Of Trust
related
$67,000 · Mortgage Capital Dev Corp
—
—
Powell T L & C J Living Trust
—
Deed Of Trust
related
$352,500 · First Commerce Bank
—
—
Tedge M Gerleman
—
Deed Of Trust
related
$50,000 · Individual
—
—
Joy Powell
—
Deed Of Trust
related
$32,000 · Desert Community 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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