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Property profile & analytics
OFF-MARKET
Estimated value
$1,040,000
Office buildings
901 Walnut Dr Boulder City, NV 89005-2134
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US62-1007111
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1994
Construction
FRAME
Total area
4,060 SF
Lot
0.31 ac (13,504 SF)
APN
186-08-701-003
UPID
US62-1007111
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
by Request
CAP Approach
CAP
$1.16M
Comparable Approach
Comparable
$854k
Blend (final)
Blend
$1.04M
Owner & transaction history
Freedom Venture LLC · 7 yrs held
Freedom Venture LLC
since 2019
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.3M
+8.2%
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 Boulder City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Boulder City 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,250,000
6.5%
$1,155,000
7%
$1,070,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,220,000
Current use
RETAIL STORES
$1,320,000
Change: +8% · Conversion: Moderate
MEDICAL BUILDING
$1,175,000
Change: -4% · Conversion: Easy
Blend value · Realmo final
$1.04M
Range $936k – $1.14M · ±10%
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
$256 / 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
$6,454
Tax year 2023
Assessed value
$299,852
Assessed 2024
Previous assessed
$259,981
+15.3% YoY
Effective rate
2.15%
On assessed value
Assessed land
$38,993
Assessed improvement
$260,859
Land market value
$111,409
Improvement market value
$745,311
Total market value
$856,720
Applied tax rate
58.0000
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
SPACE
Buildings
3
Stories
2
Total area
4,060 SF
Lot
0.31 ac (13,504 SF)
APN
186-08-701-003
UPID
US62-1007111
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
$1.2M
RETAIL STORES
Est. value
$1.3M
MEDICAL BUILDING
Est. value
$1.2M
OFFICE BUILDING Current
RETAIL STORES
MEDICAL 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
1994
Construction
FRAME
Heating
SPACE
Stories
2
Buildings
3
Lot
0.31 ac
Current owner
From public records · entity-resolved
Freedom Venture LLC
Entity
Mailing address
1022 NEVADA WAY #148, BOULDER CITY, NV 89005-1801
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 29, 2021
—
Freedom Venture LLC
—
Deed
related
$562,500 · Lexicon Bk
Apr 26, 2019
$490,000
Freedom Venture LLC
Char-jone Trust
Grant Deed
$516,000 · Capitalsource
Dec 7, 2016
—
Cha-jon Trust
Kist,john JR
Quit Claim Deed
related
—
Jan 25, 2011
$727,189
John Kist JR.
Walnut St Bldg LLC
Deed In Lieu Of Foreclosure
—
Nov 30, 2007
$900,000
Walnut St Bldg LLC
Kist,john JR & Charlotte
Grant Deed
$750,000 · John JR & Charlotte Kist
Jul 22, 2005
$750,000
John Kist JR.
Bilyeu Family Trust
Grant Deed
—
Jul 22, 2005
—
Bilyeu Family Trust
Palo Verde Plaza LLC
Quit Claim Deed
related
—
Dec 20, 2004
$585,000
Tracy K Bilyeu
Palo Verde Plaza LLC
Grant Deed
—
Jul 17, 2002
—
Palo Verde Plaza LLC
Bilyeu Trust
Quit Claim Deed
related
—
Jun 8, 2001
—
Jwp LLC
Pfeffer Trust
Grant Deed
related
—
May 15, 2001
$585,000
Tracy K Bilyeu
Pfeffer Trust
Grant Deed
$468,000 · Boulder Dam Cu
—
—
Freedom Venture LLC
—
Deed Of Trust
related
$562,500 · Lexicon Bk
—
—
Freedom Venture LLC
—
Deed Of Trust
related
$562,500 · Lexicon Bk
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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