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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    7635 Dean Martin Dr Las Vegas, NV 89139-5973

    • Office buildings
    • 14,856 SF
    • 1.09 lot acres
    OFF-MARKET
    Value Estimations
    $3,185,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US62-0257865
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Antioch Church of Las Vegas / Presbyterian Church / Church
    • Covenant Christian Fellowship / Religious Organization
    • Christ Embassy Las Vegas / Church
    • AAA Anytime Inc / Trucking Company

    Property Details for 7635 Dean Martin Dr

    Year built
    2004
    Construction
    FRAME
    Lot size
    1.09 lot acres
    Property size
    14,856 SF
    Property type
    Office buildings
    APN
    177-08-211-003
    APU
    17708211003

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $4,065,000
      6.5%
      $3,750,000
      7%
      $3,485,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $3,090,000
      Market price range: $945k - $4.11M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $4,500,000
      Current use
      INDUSTRIAL (GENERAL)
      $4,400,000
      Change: -2% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.184
    Latitude
    36.051
    CBSA code
    29820
    CBSA name
    LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $1,594
    $305,771
    $664,492
    $970,263
    -
    $873,631
    $1,898,549
    $2,772,180

    Comparable in this City

    • Value Estimation
      $1,050,000
      3,862 SF

      8935 El Camino Rd

      OFFICE BUILDING • 3,862 SF
      8935 El Camino Rd, Las Vegas, NV 89139-6823
      View Details
    • Value Estimation
      $1,155,000
      4,796 SF

      3150 Wigwam Ave

      OFFICE BUILDING • 4,796 SF
      3150 Wigwam Ave, Las Vegas, NV 89139-7867
      View Details
    • Value Estimation
      $1,420,000
      5,470 SF

      8250 Dean Martin Dr

      OFFICE BUILDING • 5,470 SF
      8250 Dean Martin Dr, Las Vegas, NV 89139-7885
      View Details
    • Value Estimation by Request
      1,232 SF

      9515 Redwood St

      OFFICE BUILDING • 1,232 SF
      9515 Redwood St, Las Vegas, NV 89139-7312
      View Details
    • Value Estimation
      $1,385,000
      14,856 SF

      7625 Dean Martin Dr

      OFFICE BUILDING • 14,856 SF
      7625 Dean Martin Dr, Las Vegas, NV 89139-5974
      View Details
    • Value Estimation
      $7,215,000
      28,748 SF

      8290 Arville St

      OFFICE BUILDING • 28,748 SF
      8290 Arville St, Las Vegas, NV 89139-7114
      View Details

    Similar Nearby for Sale

    • $1,500,000
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      Arville & Serene Commercial Land

      1.25-Acre Prime Development Lot
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    • $1,450,000

      Luxury Las Vegas Home Site

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    • $5,800,000
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      Las Vegas Net Lease Daycare

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    • $285,000
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      Las Vegas Resort Land Parcel

      Land parcel within Las Vegas Motorcoach Resort with custom features.
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    • $415,000
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      Las Vegas Motorcoach Resort Land

      Modern site with outdoor kitchen, living space, and storage.
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    • $379,900
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      Las Vegas Land with Amenities

      Land with outdoor kitchen, living room, and comfort station.
      8175 Arville St, Las Vegas, NV 89139
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    Similar Nearby for Lease

    • Contact for pricing
      70,802 SF

      Dean Martin Business Center

      Las Vegas Flex Space, 70,802 SF
      8540 Dean Martin Dr, Las Vegas, NV 89139
      View Details
    • Contact for pricing
      10,280 SF

      Dean Martin Warehouse Space

      10,280 square foot warehouse space available for rent.
      7850 Dean Martin Dr, Las Vegas, NV 89139
      View Details
    • Contact for pricing
      52,371 SF

      Freeway Frontage Flex/Industrial Space

      Flex/industrial spaces available Q1 2025 with freeway frontage.
      8620 Dean Martin Dr, Las Vegas, NV 89139
      View Details
    • Contact for pricing
      7,370 SF

      Prime Retail Space Available

      Sublease opportunity in a high-traffic Rainbow Corridor location.
      7490 S Rainbow Blvd, Las Vegas, NV 89139
      View Details
    • Contact for pricing
      2,800 SF

      Restaurant Space on Blue Diamond

      2,800 SF restaurant space with patio on Blue Diamond.
      5070 Blue Diamond Rd, Las Vegas, NV 89139
      View Details
    • Contact for pricing
      8,500 SF

      Prime Retail Land Opportunity

      Ground lease opportunity near Silverton Casino and Bass Pro Shops.
      3599 Blue Diamond Rd, Las Vegas, NV 89139
      View Details
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    7635 Dean Martin Dr
    Las Vegas, NV 89139-5973
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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