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Property profile & analytics
OFF-MARKET
Estimated value
$570,000
Office buildings
680 Hardy Way Mesquite, NV 89027-3911
Individually Owned
3-yr Hold
Free & Clear
Property ID
US62-0458251
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2005
Construction
FRAME
Total area
2,025 SF
Lot
0.41 ac (17,860 SF)
APN
001-08-110-028
UPID
US62-0458251
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
$580k
CAP Approach
CAP
$575k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$570k
Owner & transaction history
James P Hill · 3 yrs held
James P Hill
since 2023
Last sale
$550,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$880,000
+45.0%
Retail stores
$660,000
+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
$600,000
ML approach
$580,000
CAP Approach
CAP Return
Estimation
6%
$625,000
6.5%
$575,000
7%
$535,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$610,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$880,000
Change: +45% · Conversion: Difficult
RETAIL STORES
$660,000
Change: +8% · Conversion: Moderate
MEDICAL BUILDING
$585,000
Change: -4% · Conversion: Easy
Blend value · Realmo final
$570k
Range $513k – $627k · ±10% · vs last sale $550k (Apr 24 2023)
Last sale anchor
$550k
Apr 24 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
$281 / 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
$4,097
Tax year 2023
Assessed value
$161,797
Assessed 2024
Previous assessed
$147,644
+9.6% YoY
Effective rate
2.53%
On assessed value
Assessed land
$18,753
Assessed improvement
$143,044
Land market value
$53,580
Improvement market value
$408,697
Total market value
$462,277
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
2005
Construction
FRAME
Heating
HEAT PUMP
Stories
1
Total area
2,025 SF
Lot
0.41 ac (17,860 SF)
APN
001-08-110-028
UPID
US62-0458251
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
$610,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$880,000
RETAIL STORES
Est. value
$660,000
MEDICAL BUILDING
Est. value
$585,000
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
2005
Construction
FRAME
Heating
HEAT PUMP
Stories
1
Lot
0.41 ac
Current owner
From public records · entity-resolved
James P Hill
Individual
Free & Clear · 3 yrs held
Mailing address
1605 BROWNSBORO MERIDIAN RD, EAGLE POINT, OR 97524-5599
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
Apr 24, 2023
$550,000
James P Hill
Little Woods Mesquite LLC
Bargain And Sale Deed
—
May 14, 2021
—
Little Woods Mesquite LLC
John Boschetto
Bargain And Sale Deed
—
Feb 10, 2021
$429,000
John Boschetto
World Entertainment LLC
Bargain And Sale Deed
—
Apr 8, 2013
—
World Entertainment LLC
Kristin Madsen
Quit Claim Deed
related
$100,000 · Mountain West Small Business Financ
Dec 31, 2012
$231,000
Kristine Madsen
S Parker Investments LLC
Grant Deed
$209,745 · Town & Country Bank
Aug 13, 2008
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
May 22, 2008
$526,374
Shane A Barr S Parker Invs LLC
Barry,sean P
Quit Claim Deed
related
—
—
—
S Parker Investments LLC
—
Deed Of Trust
related
$250,000 · Town & Country 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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