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Property profile & analytics
OFF-MARKET
Estimated value
$21,000,000
Office buildings
851 Rampart Blvd Ste 170 Las Vegas, NV 89145-4885
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US62-0043579
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1997
Construction
FRAME
Total area
50,722 SF
Lot
4.65 ac (202,554 SF)
APN
138-32-311-004
UPID
US62-0043579
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$21.00M
CAP Approach
CAP
$12.81M
Comparable Approach
Comparable
$22.22M
Blend (final)
Blend
$21.00M
Owner & transaction history
Favor Of Rampart Medical Properties · 1 yrs held
Favor Of Rampart Medical Properties
since 2024
Last sale
$21.0M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$32.1M
+108.9%
Auto repair, garage
$28.2M
+83.4%
Neighborhood: shopping center
$22.0M
+43.4%
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
$21,000,000
ML approach
$21,000,000
CAP Approach
CAP Return
Estimation
6%
$13,880,000
6.5%
$12,810,000
7%
$11,895,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$15,360,000
Current use
COMMERCIAL (GENERAL)
$32,080,000
Change: +109% · Conversion: Easy
AUTO REPAIR, GARAGE
$28,170,000
Change: +83% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$22,020,000
Change: +43% · Conversion: Difficult
RETAIL STORES
$18,960,000
Change: +23% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$15,020,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$21.00M
Range $18.90M – $23.10M · ±10% · vs last sale $21.00M (Jul 25 2024)
Last sale anchor
$21.00M
Jul 25 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
$414 / 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
$107,747
Tax year 2023
Assessed value
$4,842,018
Assessed 2024
Previous assessed
$4,515,372
+7.2% YoY
Effective rate
2.23%
On assessed value
Assessed land
$1,786,526
Assessed improvement
$3,055,492
Land market value
$5,104,360
Improvement market value
$8,729,977
Total market value
$13,834,337
Applied tax rate
200.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1997
Construction
FRAME
Heating
HOT WATER
Cooling
AC.CHILLED WATER
Stories
2
Total area
50,722 SF
Lot
4.65 ac (202,554 SF)
APN
138-32-311-004
UPID
US62-0043579
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
$15.4M
COMMERCIAL (GENERAL)
Est. value
$32.1M
AUTO REPAIR, GARAGE
Est. value
$28.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$22.0M
RETAIL STORES
Est. value
$19.0M
INDUSTRIAL (GENERAL)
Est. value
$15.0M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1997
Construction
FRAME
Heating
HOT WATER
Cooling
Yes
Stories
2
Lot
4.65 ac
Current owner
From public records · entity-resolved
Favor Of Rampart Medical Properties
Entity
Mailing address
3900 S HUALAPAI WAY STE #200, LAS VEGAS, NV 89147-5726
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
Jul 25, 2024
$21,000,000
Favor Of Rampart Medical Properties
Rampart Property Owner LLC
Bargain And Sale Deed
$13,000,000 · Village Bank & Trust
Sep 23, 2021
—
Rampart Property Owner LLC
—
Deed
related
$6,662,500 · Dundee Bank
Jul 26, 2021
$10,250,000
Rampart Property Owner LLC
Panther Swc LLC
Bargain And Sale Deed
—
Aug 25, 2020
—
Dmo Ireland Cre Warehouse Trust 1
—
Deed
related
$31,700,000 · Doubleline Mtg Opportunities M
Nov 25, 2019
$13,005,200
Panther Swc LLC
Grands LLC
Trustees Deed
$63,400,000 · Doubleline Mtg Opportunities (
Nov 19, 2019
$10,272,754
Grands LLC
Sir Williams Court LLC
Grant Deed
—
Jun 30, 2004
$4,750,000
Rampart Investments LLC
Sir Williams Court
Grant Deed
$1,950,000 · Jackson National Life Ins Co
—
—
Sir Williams Court LLC
—
Deed Of Trust
related
$8,000,000 · Nationwide Life Insurance Co
—
—
Dmo Ireland Cre Warehouse Trust 1
—
Deed Of Trust
related
$31,700,000 · Doubleline Mtg Opportunities M
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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