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Property profile & analytics
OFF-MARKET
Estimated value
$1,475,000
Medical Office Space
7751 Flamingo Rd Las Vegas, NV 89147-5401
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US62-0055643
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1998
Construction
FRAME
Total area
10,180 SF
Lot
1.02 ac (44,431 SF)
APN
163-22-116-005
UPID
US62-0055643
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
-
Dr. Leo Germin Physician Medical Clinic
-
Clinical Neurology Specialists West Physician Medical Clinic
-
Fara Tan Physician
-
Caring For Women Physician
-
Roos Michael Employment Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.48M
Owner & transaction history
Milan Investment Ltd Co · 7 yrs held
Milan Investment Ltd Co
since 2018
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$145 / 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
$16,337
Tax year 2023
Assessed value
$612,995
Assessed 2024
Previous assessed
$556,997
+10.1% YoY
Effective rate
2.67%
On assessed value
Assessed land
$272,140
Assessed improvement
$340,855
Land market value
$777,543
Improvement market value
$973,871
Total market value
$1,751,414
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 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
1998
Construction
FRAME
Heating
HEAT PUMP
Stories
1
Units
1
Total area
10,180 SF
Lot
1.02 ac (44,431 SF)
APN
163-22-116-005
UPID
US62-0055643
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
1998
Construction
FRAME
Heating
HEAT PUMP
Stories
1
Units
1
Lot
1.02 ac
Current owner
From public records · entity-resolved
Milan Investment Ltd Co
Entity
Mailing address
6175 SPG MTN RD STE #201, LAS VEGAS, NV 89146-8812
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 7, 2022
—
Milan Investment Limited Co
—
Deed
related
$1,650,000 · East West Bank
Nov 30, 2018
$3,000,000
Milan Investment Ltd Co
Lvg 2 LLC
Grant Deed
$1,500,000 · East West Bk
Apr 18, 2013
$1,870,000
Lvg 2 LLC
Southwestern Sunrise LLC
Grant Deed
$1,170,000 · First Savings Bank
Jan 25, 2011
—
Southwestern Sunrise LLC
Southwestern Sunrise LLC
Quit Claim Deed
related
—
Oct 17, 2007
$3,959,000
Mahucamu Marketplace LLC
Piedemonte Family Trust
Grant Deed
$2,800,000 · First Future Cu
Nov 4, 2005
$3,700,000
Piedemonte Family Trust
Doyle Don H Trust
Grant Deed
$2,590,000 · Bank Of The Orient
Nov 4, 2005
—
Doyle Don H Trust
Doyle Family
Quit Claim Deed
—
May 27, 1999
$2,700,000
Doyle Family LP
Flamingo Sunrise LLC
Trustees Deed
$1,250,000 · Guarantee Life Insurance Co
May 27, 1999
—
Flamingo Sunrise LLC
Pardee Construction Co Nevada
Quit Claim Deed
related
—
May 24, 1996
$125,000
Dala,mary K
Fb Partners
Trustees Deed
—
—
—
Southwestern Sunrise LLC
—
Deed Of Trust
related
$2,000,000 · Sanmon Co LLC
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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