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Property profile & analytics
OFF-MARKET
Estimated value
$550,000
Medical Office Space
819 Decatur Blvd Las Vegas, NV 89107-3930
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US62-0473780
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1953
Construction
FRAME
Total area
2,665 SF
Lot
0.17 ac (7,405 SF)
APN
139-31-410-037
UPID
US62-0473780
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
-
Moffett Steven OD Physician
-
PassPort Hospital - Medical Tourism Ophthalmologist
-
All American Printing & Advertising (Bike/Boat/Book/etc) Store Printing Service
-
Carsal Tax Service Inc Tax Preparation
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$550k
CAP Approach
CAP
$545k
Comparable Approach
Comparable
$486k
Blend (final)
Blend
$550k
Owner & transaction history
Smart Advertising INC · 2 yrs held
Smart Advertising INC
since 2024
Last sale
$550,000
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
$550,000
ML approach
$550,000
CAP Approach
CAP Return
Estimation
6%
$590,000
6.5%
$545,000
7%
$505,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$735,000
Current use
OFFICE BUILDING
$610,000
Change: -17% · Conversion: Easy
Blend value · Realmo final
$550k
Range $495k – $605k · ±10% · vs last sale $550k (Jan 30 2024)
Last sale anchor
$550k
Jan 30 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
$206 / 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
$2,174
Tax year 2023
Assessed value
$78,256
Assessed 2024
Previous assessed
$71,869
+8.9% YoY
Effective rate
2.78%
On assessed value
Assessed land
$34,989
Assessed improvement
$43,267
Land market value
$99,969
Improvement market value
$123,620
Total market value
$223,589
Applied tax rate
213.0000
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
1953
Construction
FRAME
Heating
HEAT PUMP
Stories
1
Total area
2,665 SF
Lot
0.17 ac (7,405 SF)
APN
139-31-410-037
UPID
US62-0473780
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
$735,000
OFFICE BUILDING
Est. value
$610,000
MEDICAL BUILDING Current
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
1953
Construction
FRAME
Heating
HEAT PUMP
Stories
1
Lot
0.17 ac
Current owner
From public records · entity-resolved
Smart Advertising INC
Entity
Mailing address
819 S DECATUR BLVD, LAS VEGAS, NV 89107-3930
Mailing matches property
Yes
Owner-occupied
Yes
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 30, 2024
$550,000
Smart Advertising INC
Galyna Usenko
Bargain And Sale Deed
$467,500 · Harvest Small Business Finance LLC
Jan 30, 2024
—
Galyna Usenko
Ruben Ambartsoumian
Quit Claim Deed
related
$467,500 · Harvest Small Business Finance LLC
May 10, 2023
—
Galyna Usenko
Galyna Usenko
Intrafamily Transfer
related
—
May 4, 2023
—
Galyna Usenko
A M A Air
Intrafamily Transfer
related
—
Jun 2, 2021
$350,000
A M A Air
Mo Property Mgmt LLC
Re-recorded Document
related
—
Jun 30, 2020
$350,000
A M A Air
Mo Property Mgmt LLC
Grant Deed
$297,000 · Commonwealth Busn Bk
Oct 1, 2012
—
Mo Property Mgmt LLC
Ohriner Family Eyecare
Quit Claim Deed
related
$125,000 · 819 Decatur Investments LLC
Nov 17, 2011
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
Jun 3, 2010
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
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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