Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$3,940,000
Office buildings
610 Belrose St Las Vegas, NV 89107-2234
Entity Owned
2-yr Hold
Free & Clear
Property ID
US62-1141127
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1974
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
16,532 SF
Lot
3.69 ac (160,736 SF)
APN
139-29-301-006
UPID
US62-1141127
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
-
Nevada behavioral health center Crisis Center Medical Clinic
-
NBH Support Center Crisis Center Medical Clinic
-
Naida Parson Physician Medical Clinic
-
The Kingdom Academy High School Vocational School
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.21M
CAP Approach
CAP
$4.18M
Comparable Approach
Comparable
$3.46M
Blend (final)
Blend
$3.94M
Owner & transaction history
610 Belrose LLC · 2 yrs held
610 Belrose LLC
since 2023
Last sale
$3.8M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$6.2M
+62.7%
Industrial (general)
$4.9M
+28.9%
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
$4,245,000
ML approach
$4,205,000
CAP Approach
CAP Return
Estimation
6%
$4,525,000
6.5%
$4,175,000
7%
$3,875,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,800,000
Current use
RETAIL STORES
$6,180,000
Change: +63% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$4,895,000
Change: +29% · Conversion: Difficult
Blend value · Realmo final
$3.94M
Range $3.55M – $4.33M · ±10% · vs last sale $3.78M (Aug 15 2023)
Last sale anchor
$3.78M
Aug 15 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
$238 / 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
$16,319
Tax year 2023
Assessed value
$553,318
Assessed 2024
Previous assessed
$497,711
+11.2% YoY
Effective rate
2.95%
On assessed value
Assessed land
$309,417
Assessed improvement
$243,901
Land market value
$884,049
Improvement market value
$696,860
Total market value
$1,580,909
Applied tax rate
207.0000
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
1974
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Buildings
2
Stories
1
Total area
16,532 SF
Lot
3.69 ac (160,736 SF)
APN
139-29-301-006
UPID
US62-1141127
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
$3.8M
RETAIL STORES
Est. value
$6.2M
INDUSTRIAL (GENERAL)
Est. value
$4.9M
OFFICE BUILDING Current
RETAIL STORES
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
1974
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Buildings
2
Lot
3.69 ac
Current owner
From public records · entity-resolved
610 Belrose LLC
Entity
Free & Clear · 2 yrs held
Mailing address
2921 N 10TH WAY, LAS VEGAS, NV 89128-1409
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 15, 2023
—
610 Belrose LLC
—
Deed
related
$2,900,000 · Skjt Parachute Trust
Aug 15, 2023
$3,775,000
610 Belrose LLC
P&j Properties Nv LLC
Bargain And Sale Deed
—
Apr 22, 2011
—
P & J Properties Nv LLC
P & J Properties LLC
Quit Claim Deed
related
—
May 22, 2008
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
May 5, 2008
$3,325,000
P & J Properties LLC
Tp & K LLC
Grant Deed
$1,500,000 · Tp&k LLC
Oct 15, 2003
—
T P & K LLC
T P & K LLC
Quit Claim Deed
related
$200,000 · Bankwest Of Nevada
Oct 28, 1994
$126,000
T P
T P & K
Grant Deed
related
—
—
—
T P & K Ltd Liability Co
—
Deed Of Trust
related
$35,000 · Bankwest Of Nevada
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 610 Belrose St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
