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Property profile & analytics
OFF-MARKET
Estimated value
$10,660,000
Medical Office Space
7150 Sunset Rd Las Vegas, NV 89113-1981
Entity Owned
1-yr Hold
Free & Clear
Property ID
US62-0419290
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2009
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
33,262 SF
Lot
2.14 ac (93,218 SF)
APN
163-34-801-015
UPID
US62-0419290
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
-
William Wise Physician Medical Clinic
-
Elite Pain Management and Recovery Centers Medical Clinic
-
Las Vegas Urology Medical Clinic Physician
-
Dr. Guillermo Patino Physician Medical Clinic
-
Victor Grigoriev Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.38M
CAP Approach
CAP
$6.78M
Comparable Approach
Comparable
$8.04M
Blend (final)
Blend
$10.66M
Owner & transaction history
Vegas Way Medical LLC · 1 yrs held
Vegas Way Medical LLC
since 2024
Last sale
$14.5M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$14.4M
+57.7%
Retail stores
$12.4M
+35.8%
Office building
$11.8M
+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
$10,745,000
ML approach
$9,380,000
CAP Approach
CAP Return
Estimation
6%
$7,345,000
6.5%
$6,780,000
7%
$6,295,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$9,155,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$14,440,000
Change: +58% · Conversion: Difficult
RETAIL STORES
$12,435,000
Change: +36% · Conversion: Difficult
OFFICE BUILDING
$11,760,000
Change: +28% · Conversion: Easy
Blend value · Realmo final
$10.66M
Range $9.59M – $11.73M · ±10% · vs last sale $14.50M (Aug 25 2024)
Last sale anchor
$14.50M
Aug 25 2024
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
$320 / 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
$41,489
Tax year 2023
Assessed value
$2,555,304
Assessed 2024
Previous assessed
$2,354,040
+8.5% YoY
Effective rate
1.62%
On assessed value
Assessed land
$628,056
Assessed improvement
$1,927,248
Land market value
$1,794,446
Improvement market value
$5,506,423
Total market value
$7,300,869
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
2009
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
2
Total area
33,262 SF
Lot
2.14 ac (93,218 SF)
APN
163-34-801-015
UPID
US62-0419290
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
$9.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$14.4M
RETAIL STORES
Est. value
$12.4M
OFFICE BUILDING
Est. value
$11.8M
MEDICAL BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
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
2009
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
2
Lot
2.14 ac
Current owner
From public records · entity-resolved
Vegas Way Medical LLC
Entity
Free & Clear · 1 yrs held
Mailing address
6140 BRENT THURMAN WAY #140, LAS VEGAS, NV 89148-5016
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 25, 2024
$14,500,000
Vegas Way Medical LLC
Mmpf III Lv Urlogy LLC
Bargain & Sale Deed
—
Jun 6, 2022
$11,031,952
Mmpf III Lv Urology LLC
Victor Grigoriev
Bargain And Sale Deed
$9,027,000 · First Citizens Bank & Trust Co
May 13, 2022
—
Victor Grigoriev
Sunset Boulevard LLC
Quit Claim Deed
related
—
Aug 1, 2007
—
Sunset Boulevard LLC
Grigoriev Trust
Grant Deed
—
Jul 24, 2007
—
Grigoriev Trust
Grigoriev,victor E
Quit Claim Deed
—
Apr 6, 2000
—
Anthony Amico
Foursom Group Trust
Quit Claim Deed
related
—
Feb 16, 2000
—
Clark County (nv)
Foursom Group Trust
Grant Deed
related
—
May 11, 1999
—
Foursom Group Trust
Ablahani Trust
Quit Claim Deed
related
—
Oct 2, 1998
—
Foursom Group Trust
Alblahani Trust
Quit Claim Deed
related
—
Jan 3, 1997
$185,000
Ablahani Trust
Jones Trust
Grant Deed
$100,000 · Seller
—
—
Sunset Boulevard LLC
—
Deed Of Trust
related
$1,800,000 · Nevada State Bank
—
—
Sunset Boulevard LLC
—
Loan Modification
related
$3,891,207 · Nevada St Bk
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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