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Property profile & analytics
OFF-MARKET
Estimated value
$560,000
Office buildings
9494 Flamingo Rd Ste 101 Las Vegas, NV 89147-5718
Entity Owned
5-yr Hold
Free & Clear
Property ID
US62-0152638
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2006
Construction
FRAME
Total area
1,141 SF
APN
163-18-819-025
UPID
US62-0152638
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
by Request
Comparable Approach
Comparable
$443k
Blend (final)
Blend
$560k
Owner & transaction history
Tara Lakes LLC · 5 yrs held
Tara Lakes LLC
since 2020
Last sale
$630,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$720,000
+87.7%
Auto repair, garage
$635,000
+64.9%
Neighborhood: shopping center
$495,000
+28.9%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$385,000
Current use
COMMERCIAL (GENERAL)
$720,000
Change: +88% · Conversion: Easy
AUTO REPAIR, GARAGE
$635,000
Change: +65% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$495,000
Change: +29% · Conversion: Difficult
RETAIL STORES
$425,000
Change: +11% · Conversion: Moderate
Blend value · Realmo final
$560k
Range $504k – $616k · ±10% · vs last sale $630k (Oct 5 2020)
Last sale anchor
$630k
Oct 5 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
$491 / 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
$1,872
Tax year 2023
Assessed value
$84,663
Assessed 2024
Previous assessed
$76,453
+10.7% YoY
Effective rate
2.21%
On assessed value
Assessed land
$24,144
Assessed improvement
$60,519
Land market value
$68,983
Improvement market value
$172,911
Total market value
$241,894
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 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
HEAT PUMP
Stories
1
Total area
1,141 SF
APN
163-18-819-025
UPID
US62-0152638
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
$385,000
COMMERCIAL (GENERAL)
Est. value
$720,000
AUTO REPAIR, GARAGE
Est. value
$635,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$495,000
RETAIL STORES
Est. value
$425,000
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
HEAT PUMP
Stories
1
Current owner
From public records · entity-resolved
Tara Lakes LLC
Entity
Free & Clear · 5 yrs held
Mailing address
2859 MILGATE ST, LAS VEGAS, NV 89117-7640
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 5, 2020
$630,000
Tara Lakes LLC
Howe Richard N Living Trust
Grant Deed
—
Oct 30, 2017
—
Howe,richard N Living Trust
—
Deed
related
$385,000 · Farmers Ins Grp FCU
Jun 21, 2011
—
Howe Richard N Living Trust
Howe,richard N
Quit Claim Deed
related
—
Jun 10, 2011
—
Richard N Howe
Howe R & L Family Trust
Quit Claim Deed
related
—
Aug 9, 2006
—
Howe R & L Family Trust
Howe,richard N & Leanne D
Quit Claim Deed
related
—
Dec 1, 2005
$472,500
Richard N Howe
Flamingo Pointe Corporate Centre Ll
Bargain And Sale Deed
$376,300 · Us Bank NA
—
—
Howe,richard N Living Trust
—
Deed Of Trust
related
$385,000 · Farmers Ins Grp FCU
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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