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Property profile & analytics
FOR SALE
Office buildings
8876 Spanish Ridge Ave Las Vegas, NV 89148
Entity Owned
~
Est. High Equity
Property ID
US62-0537516
For Sale
1 / 5
$1,469,000
8876 Spanish Ridge Ave, Las Vegas, NV 89148
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2009
Construction
CONCRETE
Total area
5,433 SF
Lot
1.86 ac (81,022 SF)
APN
163-29-712-025
UPID
US62-0537516
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
-
Jason L. Downey, DDS Dental Office
-
Arista Wealth Management Financial Advisor
-
Christina Nguyen, MD Physician
-
Puma Management Group Consultant
-
Gabrielle Peterson Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$835k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$710k
Owner & transaction history
Home Team Vdv LLC
Home Team Vdv LLC
since 2026
Last sale
$600,000
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
$815,000
ML approach
$835,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$710k
Range $639k – $781k · ±10% · vs last sale $600k (Aug 18 2020)
Last sale anchor
$600k
Aug 18 2020
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
$131 / 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
$16,240
Tax year 2023
Assessed value
$696,852
Assessed 2024
Previous assessed
$634,307
+9.9% YoY
Effective rate
2.33%
On assessed value
Assessed land
$348,998
Assessed improvement
$347,854
Land market value
$997,137
Improvement market value
$993,869
Total market value
$1,991,006
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 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
For Sale
Year built
2009
Construction
CONCRETE
Heating
YES
Cooling
YES
Stories
2
Total area
5,433 SF
Lot
1.86 ac (81,022 SF)
APN
163-29-712-025
UPID
US62-0537516
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
2009
Construction
CONCRETE
Heating
YES
Cooling
Yes
Stories
2
Lot
1.86 ac
Current owner
From public records · entity-resolved
Home Team Vdv LLC
Entity
Mailing address
PO BOX 81677, LAS VEGAS, NV 89180-1677
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
28 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 7, 2026
$1,356,000
Home Team Vdv LLC
Kim Yeong
Bargain & Sale Deed
$1,084,800 · Jpmorgan Chase Bank N A
Apr 7, 2026
—
Kim Yeong
Jungyoun Kim
Bargain & Sale Deed
—
Nov 5, 2025
—
8876 Spanish Ridge Ave LLC
—
Deed
related
$1,100,000 · Itec Capital INC
Dec 30, 2024
$2,000,000
Tja II LLC
Schon Elise LLC
Bargain & Sale Deed
$1,750,000 · Valley Bank Of Nevada
Dec 30, 2024
—
Tja LLC
—
Deed
related
$1,750,000 · Valley Bank Of Nevada
Feb 1, 2024
—
Rmb13 LLC
Schon Elise LLC
Deed
related
—
Dec 8, 2023
$1,250,000
Rmb13 LLC
Schon Elise LLC
Bargain & Sale Deed
—
Jan 4, 2022
—
13131 Holdings LLC
Levi Properties LLC
Deed
related
—
Dec 21, 2021
—
Jld Ventures LLC
—
Deed
related
$340,000 · Valley Bank Of Nevada
Dec 20, 2021
—
Jld Ventures LLC
—
Deed
related
$966,000 · Valley Bank Of Nevada
Nov 29, 2021
$1,575,000
13131 Holdings LLC
Levi Properties LLC
Bargain & Sale Deed
$1,260,000 · Jpmorgan Chase Bank NA
Jul 16, 2021
—
T Ja LLC
—
Deed
related
$1,000,000 · Valley Bank Of Nevada
Aug 18, 2020
—
8876 Spanish Ridge Assn
Spanish Ridge 8876 LLC
Quit Claim Deed
related
—
Dec 13, 2019
$808,380
Mjl Holdings LLC
Spanish Ridge 8876 LLC
Grant Deed
related
$1,096,000 · Valley Bk/nv
Jan 2, 2019
—
Schon Elise LLC
—
Trust Deed
related
$1,995,000 · Bank Of The West
Dec 21, 2018
—
Levi Properties LLC Series A
—
Deed
related
$339,462 · Clark Cnty Cu
Jun 13, 2018
—
Tja LLC
—
Deed
related
—
Jun 6, 2018
—
Tja LLC
—
Deed
related
$432,000 · Us Small Busn Admn
Apr 11, 2018
—
8876 Spanish Ridge Ave LLC
—
Deed
related
$765,000 · City Nat'l Bk
Nov 27, 2017
—
Levi Properties LLC
—
Deed
related
—
Jul 19, 2017
$648,025
Jld Ventures LLC
Spanish Ridge 8876 LLC
Grant Deed
$1,410,000 · Live Oak Bkg
Jul 13, 2017
—
Tja LLC
—
Deed
related
$432,000 · Nevada St Dev
May 24, 2017
—
Tja LLC
—
Deed
related
—
May 17, 2017
$875,700
Levi Properties LLC Series A
Spanish Ridge 8876 LLC
Grant Deed
$1,000,000 · Clark Cnty Cu
Oct 27, 2016
$741,895
Tja LLC
Spanish Ridge 8876 LLC
Bargain & Sale Deed
$525,000 · Clark County Cu
Apr 22, 2016
$3,000,000
Spanish Ridge 8876 LLC
Spanish Ridge Nv LLC
Grant Deed
related
—
Mar 14, 2014
$600,000
Spanish Ridge Nv Llv
Cml-nv SR LLC
Grant Deed
—
Jan 13, 2011
$2,550,000
Cml-nv SR LLC
Nevada Title Co
Foreclosure
—
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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