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Property profile & analytics
OFF-MARKET
Estimated value
$2,755,000
Office buildings
9330 Martin Ave Las Vegas, NV 89148-5382
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US62-0157088
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2006
Construction
FRAME
Total area
8,764 SF
Lot
0.53 ac (23,087 SF)
APN
176-05-115-002
UPID
US62-0157088
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
-
I.U.O.E. Local 12 Advocacy Group
-
Sierra Consulting Structural Structural Engineer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.10M
CAP Approach
CAP
$2.22M
Comparable Approach
Comparable
$1.68M
Blend (final)
Blend
$2.76M
Owner & transaction history
I U O E Local Union No 12 · 3 yrs held
I U O E Local Union No 12
since 2022
Last sale
$2.7M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$3.8M
+15.6%
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
$3,055,000
ML approach
$3,095,000
CAP Approach
CAP Return
Estimation
6%
$2,400,000
6.5%
$2,215,000
7%
$2,055,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,290,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$3,805,000
Change: +16% · Conversion: Difficult
RETAIL STORES
$3,275,000
Change: 0% · Conversion: Moderate
Blend value · Realmo final
$2.76M
Range $2.48M – $3.03M · ±10% · vs last sale $2.70M (Nov 15 2022)
Last sale anchor
$2.70M
Nov 15 2022
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
$314 / 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
$15,405
Tax year 2023
Assessed value
$692,856
Assessed 2024
Previous assessed
$624,012
+11.0% YoY
Effective rate
2.22%
On assessed value
Assessed land
$177,770
Assessed improvement
$515,086
Land market value
$507,914
Improvement market value
$1,471,674
Total market value
$1,979,588
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
Off-Market
Year built
2006
Construction
FRAME
Heating
YES
Stories
2
Total area
8,764 SF
Lot
0.53 ac (23,087 SF)
APN
176-05-115-002
UPID
US62-0157088
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
$3.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.8M
RETAIL STORES
Est. value
$3.3M
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
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
2006
Construction
FRAME
Heating
YES
Stories
2
Lot
0.53 ac
Current owner
From public records · entity-resolved
I U O E Local Union No 12
Individual
Mailing address
150 CORSON ST, PASADENA, CA 91103-3839
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 15, 2022
$2,700,000
I U O E Local Union No 12
9330 W Martin Ave LLC
Bargain And Sale Deed
—
Dec 30, 2021
—
9330 W Martin Ave LLC
—
Deed
related
$1,550,000 · Zb NA
Sep 3, 2019
$1,803,632
Kai Nan Hsu
Millis Properties LLC
Bargain And Sale Deed
—
Sep 3, 2019
—
Dave Wrzesinski
Jessica Wrzesinski
Intrafamily Transfer
related
—
Nov 15, 2017
$1,415,000
Millis Properties LLC
Joe L Dehorty
Bargain And Sale Deed
$725,000 · Meadows Bank
Jul 19, 2011
—
Dehorty J & G Living Trust
Gates,lawrence
Grant Deed
related
—
Jun 26, 2009
$189,500
Joe L Dehorty
Lawrence Gates
Bargain And Sale Deed
$1,419,000 · Service1st Bank Of Nevada
May 6, 2009
—
Lawrence Gates
Gates,lawrence
Quit Claim Deed
related
—
Mar 23, 2009
—
Lawrence Gates
Gates,lawrence
Quit Claim Deed
related
—
Feb 15, 2008
—
Lawrence Gates
Gates,stephen P
Quit Claim Deed
related
—
Jul 13, 2006
—
Lawrence Gates
—
Trustees Deed
related
$3,150,000 · Pff Bank & Trust
Jan 14, 2005
—
Warren W Williams JR.
Williams,stacy A
Quit Claim Deed
related
—
Jan 14, 2005
$750,000
Lawrence Gate
Farmanali,barbara L
Grant Deed
$450,000 · Pff Bank & Trust
Jan 9, 2004
$266,210
Barbara L Farmanali
Afetian,harry
Grant Deed
—
—
—
Dehorty J & G Living Trust
—
Deed Of Trust
related
$1,419,000 · Service First Bank
—
—
Lawrence Gates
—
Deed Of Trust
related
$1,540,000 · Pff Bank & Trust
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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