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Property profile & analytics
OFF-MARKET
Estimated value
$1,115,000
Office buildings
8620 Eastern Ave Las Vegas, NV 89123-2836
Individually Owned
9-yr Hold
Free & Clear
Property ID
US62-0171301
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1994
Construction
FRAME
Total area
7,140 SF
Lot
0.73 ac (31,799 SF)
APN
177-13-301-021
UPID
US62-0171301
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
-
Wongu University of Oriental Medicine Private University
-
Boss Sand & Rock Inc Building Supply
-
Las Vegas Energy Works Medical Clinic
-
Timothy P Post Law Offices Law Firm
-
Pennington Mortgage Inc Loan Service Bank
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.12M
Owner & transaction history
Wongu University Of Oriental · 9 yrs held
Wongu University Of Oriental
since 2016
5 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
$156 / 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
Assessed value
$373,927
Assessed 2024
Previous assessed
$356,687
+4.8% YoY
Assessed land
$133,556
Assessed improvement
$240,371
Land market value
$381,589
Improvement market value
$686,774
Total market value
$1,068,363
Applied tax rate
470.0000
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
1994
Construction
FRAME
Heating
HEAT PUMP
Stories
1
Total area
7,140 SF
Lot
0.73 ac (31,799 SF)
APN
177-13-301-021
UPID
US62-0171301
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
1994
Construction
FRAME
Heating
HEAT PUMP
Stories
1
Lot
0.73 ac
Current owner
From public records · entity-resolved
Wongu University Of Oriental
Individual
Free & Clear · 9 yrs held
Mailing address
8620 S EASTERN AVE, LAS VEGAS, NV 89123-2836
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 19, 2016
$400,000
Wongu University Of Oriental
Holy Spirit Assn For The Unifi
Grant Deed
—
Apr 27, 2011
$400,000
Holy Spirit Assn Of Unification/w
Morgan Stanley 2001-top1
Grant Deed
—
Jan 12, 2011
$1,100,000
Stanley 2001-top1 Morgan
Ballard Spahr LLP
Trustees Deed
related
—
Jul 20, 2000
$1,458,500
J L Pennington Properties LLC
Penningtton,j L & Virginia A
Grant Deed
related
$2,000,000 · Wells Fargo Bank
Jan 21, 1994
—
Pennington J L
—
Grant Deed
related
$480,000 · Interwest Mortgage
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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