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Property profile & analytics
OFF-MARKET
Estimated value
$545,000
Medical Office Space
7219 Sahara Ave Las Vegas, NV 89117-2870
Individually Owned
8-yr Hold
~
Est. High Equity
Property ID
US62-0434326
Property profile
Verified
Property type
Medical Office Space
Use group
DENTAL BUILDING
Year built
2007
Construction
FRAME
Total area
3,248 SF
Lot
0.27 ac (11,761 SF)
APN
163-10-515-006
UPID
US62-0434326
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
-
Khorshid Kevin DDS Dental Office
-
Children's Nephrology Clinic Pediatrician
-
Green Wave Spa & Massage Alternative Medicine Practice Spa & Massage Center
-
Living Well Chiropractic Alternative Medicine Practice
-
Avenues Realty America Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$660k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$545k
Owner & transaction history
Lily S Shao · 8 yrs held
Lily S Shao
since 2017
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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%
$715,000
6.5%
$660,000
7%
$615,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$895,000
Current use
Blend value · Realmo final
$545k
Range $491k – $600k · ±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
$168 / 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
$5,920
Tax year 2023
Assessed value
$225,473
Assessed 2024
Previous assessed
$201,762
+11.8% YoY
Effective rate
2.63%
On assessed value
Assessed land
$60,922
Assessed improvement
$164,551
Land market value
$174,063
Improvement market value
$470,146
Total market value
$644,209
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
DENTAL BUILDING
Status
Off-Market
Year built
2007
Construction
FRAME
Heating
YES
Stories
1
Total area
3,248 SF
Lot
0.27 ac (11,761 SF)
APN
163-10-515-006
UPID
US62-0434326
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
$895,000
MEDICAL BUILDING Current
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
2007
Construction
FRAME
Heating
YES
Stories
1
Lot
0.27 ac
Current owner
From public records · entity-resolved
Lily S Shao
Individual
Mailing address
7219 W SAHARA AVE STE #130, LAS VEGAS, NV 89117-2865
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 18, 2017
$452,668
Lily S Shao
M & Spatrick I LLC
Grant Deed
—
Jun 13, 2014
$375,000
K Rental Properties LLC
California Bk & Trust
Grant Deed
—
Dec 4, 2013
$245,232
California Bk & Trust
Fidelity Natl Title Ins
Trustees Deed
related
—
Jun 29, 2007
—
Hengxia Ding
—
Trustees Deed
related
$397,600 · California Bank & Trust
Apr 16, 2007
$625,000
Hengxia Ding
Stone Canyon Prof Park LLC
Grant Deed
$506,000 · Starr J C & C R Living Trust
Apr 16, 2007
—
Hengxia Ding
Wang,xiayang
Grant Deed
related
—
—
—
Hengxia Ding
—
Deed Of Trust
related
$288,000 · Nevada State Development 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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