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Property profile & analytics
OFF-MARKET
Estimated value
$1,225,000
Medical Office Space
8445 Flamingo Rd Las Vegas, NV 89147-4166
Entity Owned
2-yr Hold
Free & Clear
Property ID
US62-1279351
Property profile
Verified
Property type
Medical Office Space
Use group
DENTAL BUILDING
Year built
2000
Construction
FRAME
Total area
3,528 SF
Lot
0.43 ac (18,731 SF)
APN
163-21-118-013
UPID
US62-1279351
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
-
Nevada Dental Associates Dental Office
-
Rangel International Photography (Bike/Boat/Book/etc) Store
-
Rangel Boxing & Cardio Las Vegas Gym & Fitness Center Sports School
-
Behzad Garagozloo Dental Office
-
Dr. Vivek Gandotra Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.23M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.27M
Blend (final)
Blend
$1.23M
Owner & transaction history
8445 Flamingo LLC · 2 yrs held
8445 Flamingo LLC
since 2024
Last sale
$1.2M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.0M
+101.8%
Neighborhood: shopping center
$1.5M
+57.7%
Retail stores
$1.3M
+35.8%
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
$1,225,000
ML approach
$1,225,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$970,000
Current use
AUTO REPAIR, GARAGE
$1,960,000
Change: +102% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,530,000
Change: +58% · Conversion: Difficult
RETAIL STORES
$1,320,000
Change: +36% · Conversion: Difficult
OFFICE BUILDING
$1,190,000
Change: +22% · Conversion: Easy
Blend value · Realmo final
$1.23M
Range $1.10M – $1.35M · ±10% · vs last sale $1.23M (Jun 12 2024)
Last sale anchor
$1.23M
Jun 12 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
$347 / 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
$9,966
Tax year 2023
Assessed value
$298,839
Assessed 2024
Previous assessed
$271,105
+10.2% YoY
Effective rate
3.33%
On assessed value
Assessed land
$131,117
Assessed improvement
$167,722
Land market value
$374,620
Improvement market value
$479,206
Total market value
$853,826
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
DENTAL BUILDING
Status
Off-Market
Year built
2000
Construction
FRAME
Heating
HEAT PUMP
Buildings
2
Stories
1
Total area
3,528 SF
Lot
0.43 ac (18,731 SF)
APN
163-21-118-013
UPID
US62-1279351
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
$970,000
AUTO REPAIR, GARAGE
Est. value
$2.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.5M
RETAIL STORES
Est. value
$1.3M
OFFICE BUILDING
Est. value
$1.2M
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
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
2000
Construction
FRAME
Heating
HEAT PUMP
Stories
1
Buildings
2
Lot
0.43 ac
Current owner
From public records · entity-resolved
8445 Flamingo LLC
Entity
Free & Clear · 2 yrs held
Mailing address
9213 NATIONAL PARK DR, LAS VEGAS, NV 89178-3527
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 12, 2024
—
8445 Flamingo LLC
Clark County Treasurer
Public Action
related
—
Jul 17, 2015
$1,225,000
8445 Flamingo LLC
Sonrisa Venture LP
Grant Deed
—
Jan 20, 2006
$988,071
Sonrisa Venture
Dental Technology INC
Grant Deed
$6,850,000 · Community Dental Svcs INC
Oct 20, 2004
$85,850
Dental Technology INC
Flamingo Dental Building LLC
Grant Deed
related
—
Apr 9, 2004
$725,000
Dental Technology INC
Flamingo Dental Building LLC
Grant Deed
related
—
Apr 9, 2004
$1,558,750
Dental Technology INC
Charleston Dental Building
Trustees Deed
related
—
Jun 11, 1999
$151,000
Flamingo Dental Building LLC
Brown Trust
Grant Deed
$500,000 · Community Bank Nevada
Jun 7, 1999
—
Alan Houldseorth
Brown Trust
Grant Deed
related
—
—
—
Flamingo Dental Building LLC
—
Deed Of Trust
related
$800,000 · Bank Of America
—
—
Sonrisa Venture
—
Deed Of Trust
related
$3,000,000 · Pnc Bank
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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