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Property profile & analytics
OFF-MARKET
Estimated value
$2,065,000
Medical Office Space
6940 Cimarron Rd Las Vegas, NV 89113-2135
Entity Owned
1-yr Hold
Free & Clear
Property ID
US62-0285897
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2019
Construction
FRAME
Total area
7,931 SF
Lot
0.18 ac (7,928 SF)
APN
176-04-711-063
UPID
US62-0285897
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
-
IV Plus Gym & Fitness Center Alternative Medicine Practice
-
Surgeons Surgery Center Medical Clinic Hospital
-
Dr. Jonathan Sorelle Physician
-
Kazerouni Law Group, APC Law Firm
-
Zion Healing Center | Mental Health Treatment Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.04M
CAP Approach
CAP
$1.62M
Comparable Approach
Comparable
$2.20M
Blend (final)
Blend
$2.07M
Owner & transaction history
Lend A Hand LLC · 1 yrs held
Lend A Hand LLC
since 2025
Last sale
$2.1M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$3.0M
+35.8%
Office building
$2.8M
+28.5%
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
$1,995,000
ML approach
$2,040,000
CAP Approach
CAP Return
Estimation
6%
$1,750,000
6.5%
$1,615,000
7%
$1,500,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$2,185,000
Current use
RETAIL STORES
$2,965,000
Change: +36% · Conversion: Difficult
OFFICE BUILDING
$2,805,000
Change: +28% · Conversion: Easy
Blend value · Realmo final
$2.07M
Range $1.86M – $2.27M · ±10% · vs last sale $2.11M (Apr 21 2023)
Last sale anchor
$2.11M
Apr 21 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
$260 / 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
$16,454
Tax year 2023
Assessed value
$699,971
Assessed 2024
Previous assessed
$56,460
+1,139.8% YoY
Effective rate
2.35%
On assessed value
Assessed land
$161,076
Assessed improvement
$538,895
Land market value
$460,217
Improvement market value
$1,539,700
Total market value
$1,999,917
Applied tax rate
417.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2019
Construction
FRAME
Heating
YES
Cooling
CENTRAL
Stories
2
Rooms
4
Bathrooms
2
Total area
7,931 SF
Lot
0.18 ac (7,928 SF)
APN
176-04-711-063
UPID
US62-0285897
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
MEDICAL BUILDING Current
Est. value
$2.2M
RETAIL STORES
Est. value
$3.0M
OFFICE BUILDING
Est. value
$2.8M
MEDICAL BUILDING Current
RETAIL STORES
OFFICE 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
2019
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
2
Rooms
4
Bathrooms
2
Lot
0.18 ac
Current owner
From public records · entity-resolved
Lend A Hand LLC
Entity
Free & Clear · 1 yrs held
Mailing address
542 BRIGHTSAND CRES SASKATOON SK XX
Ownership since
2025
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
Feb 21, 2025
$1,500,000
Lend A Hand LLC
My4boys LLC
Bargain & Sale Deed
—
Feb 6, 2024
—
Jrs Real Estate LLC
—
Deed
related
$2,675,000 · Tri Counties Bank
Apr 21, 2023
$2,109,360
Mak Lv Properties LLC
J R S Real Estate LLC
Bargain & Sale Deed
$2,672,000 · Clark County Cu
Apr 14, 2023
—
J R S Real Estate LLC
J R S Real Estate LLC
Deed
related
—
Dec 22, 2016
—
Chee Chin
Chin,chee
Quit Claim Deed
related
—
Jun 6, 2016
—
Mardiros Keoshgerian
Keoshgerian,hmayak
Quitclaim Deed
related
—
Jun 4, 2010
$76,000
Chee Chin
Tuttle,aaron
Grant Deed
—
Jul 31, 2007
$179,900
Aaron Tuttle
Coronado Palms Associates LLC
Bargain And Sale Deed
$143,920 · Wells Fargo Bank NA
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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