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Property profile & analytics
OFF-MARKET
Estimated value
$735,000
Office buildings
6574 Cheyenne Ave Las Vegas, NV 89108-4929
Individually Owned
12-yr Hold
~
Est. High Equity
Property ID
US62-0157807
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1980
Construction
FRAME
Total area
2,818 SF
Lot
0.87 ac (37,897 SF)
APN
138-11-407-010
UPID
US62-0157807
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
-
Balanced Life Hypnotherapy Alternative Medicine Practice
-
Skin Care Bliss Medical Clinic Skin Care Clinic
-
Las Vegas Ahmadi Muslim Jamaat High School
-
Baitul Tawheed Mosque Mezquita Mosque
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$800k
Comparable Approach
Comparable
$610k
Blend (final)
Blend
$735k
Owner & transaction history
Movement In Islam Ahmadiyya · 12 yrs held
Movement In Islam Ahmadiyya
since 2014
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.2M
+43.4%
Retail stores
$1.1M
+23.5%
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%
$865,000
6.5%
$800,000
7%
$745,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$855,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,225,000
Change: +43% · Conversion: Difficult
RETAIL STORES
$1,055,000
Change: +23% · Conversion: Moderate
MEDICAL BUILDING
$775,000
Change: -9% · Conversion: Easy
Blend value · Realmo final
$735k
Range $662k – $809k · ±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
$261 / 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
$203,712
Assessed 2024
Previous assessed
$153,299
+32.9% YoY
Assessed land
$139,272
Assessed improvement
$64,440
Land market value
$397,920
Improvement market value
$184,114
Total market value
$582,034
Applied tax rate
200.0000
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
1980
Construction
FRAME
Heating
YES
Cooling
YES
Stories
1
Units
2
Rooms
7
Bathrooms
3
Total area
2,818 SF
Lot
0.87 ac (37,897 SF)
APN
138-11-407-010
UPID
US62-0157807
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
$855,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.2M
RETAIL STORES
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$775,000
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
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
1980
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Units
2
Rooms
7
Bathrooms
3
Lot
0.87 ac
Current owner
From public records · entity-resolved
Movement In Islam Ahmadiyya
Individual
Mailing address
6574 W CHEYENNE AVE, LAS VEGAS, NV 89108-4929
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 21, 2014
$330,000
Movement In Islam Ahmadiyya
Lnv Corp
Grant Deed
—
Jul 24, 2013
$252,000
Lnv Corp
National Title Co
Trustees Deed
—
Sep 20, 2004
—
Raymond Elizabeth A Trust
Raymond,elizabeth A
Quit Claim Deed
related
$560,000 · Silver State Bank
Apr 3, 2001
$300,000
Elizabeth A Raymond
Espinoza Trust
Grant Deed
$270,000 · North American Mortgage
Apr 25, 1989
$135,000
Fred Espinoza
Unknown
Grant Deed
—
—
—
Fred Espinoza
—
Deed Of Trust
related
$44,143 · Standard Federal Savings Assn
—
—
Espinoza Trust
—
Deed Of Trust
related
$25,000 · Bank Of America
—
—
Elizabeth A Raymond
—
Deed Of Trust
related
$275,000 · Home Funding Corp
—
—
Raymond Elizabeth A Trust
—
Deed Of Trust
related
$484,856 · Lnv Corp
—
—
Raymond Elizabeth A Trust
—
Deed Of Trust
related
$520,322 · Lnv 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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