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Property profile & analytics
OFF-MARKET
Estimated value
$4,895,000
Office buildings
8375 Flamingo Rd Las Vegas, NV 89147-4167
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US62-0352743
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1999
Construction
FRAME
Total area
15,244 SF
Lot
1.13 ac (49,223 SF)
APN
163-21-120-002
UPID
US62-0352743
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
-
Stephen A Bowers Law Offices Law Firm
-
Rentmax Property Management Property Management Company Apartment Building
-
Academic Coaching Services Training Center Tutoring Service
-
Mind_Scope, LLC Training Center
-
Darius F. Rafie Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.90M
CAP Approach
CAP
$3.85M
Comparable Approach
Comparable
$3.88M
Blend (final)
Blend
$4.90M
Owner & transaction history
Candlelighters For Childhood Cancer · 2 yrs held
Candlelighters For Childhood Cancer
since 2024
Last sale
$4.9M
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$6.6M
+28.9%
Retail stores
$5.7M
+11.0%
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
$4,895,000
ML approach
$4,895,000
CAP Approach
CAP Return
Estimation
6%
$4,170,000
6.5%
$3,850,000
7%
$3,575,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$5,135,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$6,620,000
Change: +29% · Conversion: Difficult
RETAIL STORES
$5,700,000
Change: +11% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$4,515,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$4.90M
Range $4.41M – $5.38M · ±10% · vs last sale $4.90M (Jun 7 2024)
Last sale anchor
$4.90M
Jun 7 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
$321 / 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
$19,560
Tax year 2023
Assessed value
$741,543
Assessed 2024
Previous assessed
$741,543
+0.0% YoY
Effective rate
2.64%
On assessed value
Assessed land
$327,333
Assessed improvement
$414,210
Land market value
$935,237
Improvement market value
$1,183,457
Total market value
$2,118,694
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1999
Construction
FRAME
Heating
HEAT PUMP
Stories
2
Units
1
Total area
15,244 SF
Lot
1.13 ac (49,223 SF)
APN
163-21-120-002
UPID
US62-0352743
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
OFFICE BUILDING Current
Est. value
$5.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.6M
RETAIL STORES
Est. value
$5.7M
INDUSTRIAL (GENERAL)
Est. value
$4.5M
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
INDUSTRIAL (GENERAL)
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
1999
Construction
FRAME
Heating
HEAT PUMP
Stories
2
Units
1
Lot
1.13 ac
Current owner
From public records · entity-resolved
Candlelighters For Childhood Cancer
Individual
Mailing address
8375 W FLAMINGO RD, LAS VEGAS, NV 89147-4167
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 7, 2024
$4,895,400
Candlelighters For Childhood Cancer
Juliet Office Building LLC
Bargain And Sale Deed
$3,400,000 · Zb NA
Apr 22, 2021
—
Juliet Office Building LLC
—
Deed
related
$5,000,000 · Symetra Life Insurance Co
—
—
Julie Office Building LLC
—
Deed Of Trust
related
$2,227,504 · Bank Of America
—
—
Juliet Office Building LLC
—
Deed Of Trust
related
$1,030,000 · Symetra Life Insurance Co
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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