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Property profile & analytics
FOR LEASE
Medical Office Space
98 E Lake Mead Pkwy Henderson, NV 89015
Individually Owned
8-yr Hold
~
Est. High Equity
Property ID
US62-1061898
For Lease
1 / 4
$15 SF/Yr
98 E Lake Mead Pkwy, Henderson, NV 89015
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1992
Construction
FRAME
Total area
43,946 SF
Lot
0.7 ac (30,492 SF)
APN
179-18-503-002
UPID
US62-1061898
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
-
Sylvia Jimenez Rehabilitation Center
-
Fremont Medical Center Medical Clinic
-
Nevada Health Centers - Henderson Family Health Center Medical Clinic
-
Bamboo Family Clinic Medical Clinic
-
Heart Institute of Nv Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$9.25M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.04M
Owner & transaction history
Sarbjit Hundal · 8 yrs held
Sarbjit Hundal
since 2017
3 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 Henderson submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Henderson 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%
$10,020,000
6.5%
$9,250,000
7%
$8,590,000
Blend value · Realmo final
$7.04M
Range $6.34M – $7.74M · ±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
$160 / 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
$37,981
Tax year 2023
Assessed value
$1,838,735
Assessed 2024
Previous assessed
$1,680,982
+9.4% YoY
Effective rate
2.07%
On assessed value
Assessed land
$128,066
Assessed improvement
$1,710,669
Land market value
$365,903
Improvement market value
$4,887,626
Total market value
$5,253,529
Applied tax rate
503.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Lease
Year built
1992
Construction
FRAME
Heating
HEAT PUMP
Stories
3
Total area
43,946 SF
Lot
0.7 ac (30,492 SF)
APN
179-18-503-002
UPID
US62-1061898
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
1992
Construction
FRAME
Heating
HEAT PUMP
Stories
3
Lot
0.7 ac
Current owner
From public records · entity-resolved
Sarbjit Hundal
Individual
Mailing address
6018 S DURANGO DR STE #110, LAS VEGAS, NV 89113-1789
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 23, 2017
$2,800,000
Sarbjit Hundal
St Rose Dominican Medical Plaz
Grant Deed
$4,000,000 · St Rose Dominican Medical Plz
—
—
St Rose Dominican Medical Plaz
—
Deed Of Trust
related
$950,000 · Rush Family Trust (pt)
—
—
St Rose Dominican Medical Plz
—
Deed Of Trust
related
$4,100,000 · Morgan Stanley Credit Corp
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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