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Property profile & analytics
OFF-MARKET
Estimated value
$38,820,000
Parking lots & garages
7455 Washington Ave Ste 240 Las Vegas, NV 89128-4340
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US62-0370217
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Year built
2004
Construction
CONCRETE
Total area
154,853 SF
Lot
5.06 ac (220,414 SF)
APN
138-27-301-020
UPID
US62-0370217
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$38.82M
Owner & transaction history
Cpi Ahp Parkway Mob Owner LLC · 4 yrs held
Cpi Ahp Parkway Mob Owner LLC
since 2021
Last sale
$45.6M
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
$52,685,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$38.82M
Range $34.94M – $42.70M · ±10% · vs last sale $45.64M (Oct 5 2021)
Last sale anchor
$45.64M
Oct 5 2021
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
$251 / 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
$198,540
Tax year 2023
Assessed value
$13,021,468
Assessed 2024
Previous assessed
$11,508,632
+13.1% YoY
Effective rate
1.52%
On assessed value
Assessed land
$555,443
Assessed improvement
$12,466,025
Land market value
$1,586,980
Improvement market value
$35,617,214
Total market value
$37,204,194
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
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Status
Off-Market
Year built
2004
Construction
CONCRETE
Heating
NONE
Buildings
2
Stories
3
Total area
154,853 SF
Lot
5.06 ac (220,414 SF)
APN
138-27-301-020
UPID
US62-0370217
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
Building & site characteristics
From public records
Year built
2004
Construction
CONCRETE
Heating
NONE
Stories
3
Buildings
2
Lot
5.06 ac
Current owner
From public records · entity-resolved
Cpi Ahp Parkway Mob Owner LLC
Entity
Mailing address
425 7TH ST NE, CHARLOTTESVILLE, VA 22902-4723
Ownership since
2021
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
Oct 5, 2021
$45,635,000
Cpi Ahp Parkway Mob Owner LLC
Sgi Parkway LLC
Bargain And Sale Deed
$56,811,248 · Capital One Bank NA
Oct 26, 2017
—
Stable Group Investments LLC
Parkway Properties LLC
Quit Claim Deed
related
—
Oct 26, 2017
$28,637,426
Sgi Parkway LLC
Coronado Building LLC
Bargain And Sale Deed
—
Oct 2, 2014
$18,165,000
Parkway Properties LLC
Comm 2006-c8 Office 7455 LLC
Grant Deed
—
Jun 14, 2012
$12,600,000
Comm 2006-c8 Office 7455 LLC
Beacon Default Mgmt INC
Trustees Deed
—
Jan 23, 2006
—
Longford Medical Center LLC
—
Trustees Deed
related
$30,400,000 · Nevada State Bank
—
—
Longford Medical Center LLC
—
Deed Of Trust
related
$2,300,000 · Ahlers Family Trust
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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