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Property profile & analytics
OFF-MARKET
Estimated value
$3,210,000
Commercial land
9950 Flamingo Rd Las Vegas, NV 89147-8554
Individually Owned
3-yr Hold
Property ID
US62-0475869
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
2021
Construction
STEEL FRAME
Total area
15,010 SF
Lot
0.39 ac (16,988 SF)
APN
163-18-414-007
UPID
US62-0475869
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
-
KATE PHAM Physician
-
Dr. Candace T. Spann, MD Physician Medical Clinic
-
Couture Medical Physician Medical Clinic
-
Jones & LoBello, PLLC Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.59M
CAP Approach
CAP
$3.49M
Comparable Approach
Comparable
$3.07M
Blend (final)
Blend
$3.21M
Owner & transaction history
M D PLLC · 3 yrs held
M D PLLC
since 2022
Last sale
$2.9M
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
$3,335,000
ML approach
$3,585,000
CAP Approach
CAP Return
Estimation
6%
$3,775,000
6.5%
$3,485,000
7%
$3,235,000
Blend value · Realmo final
$3.21M
Range $2.89M – $3.53M · ±10% · vs last sale $2.89M (Jul 6 2021)
Last sale anchor
$2.89M
Jul 6 2021
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
$214 / 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 2020Property tax & assessments
Tax year 2020
Tax billed
$2,018
Tax year 2020
Assessed value
$75,809
Assessed 2021
Previous assessed
$75,809
+0.0% YoY
Effective rate
2.66%
On assessed value
Assessed land
$75,809
Land market value
$216,597
Total market value
$216,597
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
2021
Construction
STEEL FRAME
Heating
NONE
Stories
1
Total area
15,010 SF
Lot
0.39 ac (16,988 SF)
APN
163-18-414-007
UPID
US62-0475869
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
2021
Construction
STEEL FRAME
Heating
NONE
Stories
1
Lot
0.39 ac
Current owner
From public records · entity-resolved
M D PLLC
Individual
Mailing address
2975 LULLINGSTONE ST, LAS VEGAS, NV 89135-2246
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 14, 2022
—
M D PLLC
Box Canyon Holdings LLC
Deed
$2,102,000 · The Mortgage Capital Development Corp
Aug 15, 2022
—
Civility Costs Nothing LLC
The Peaks Corporate Park LLC
Re-recorded Document
related
—
May 3, 2022
—
Civility Costs Nothing LLC
—
Deed
related
$730,000 · The Mortgage Capital Development Corp
Jul 6, 2021
$2,888,690
Box Canyon Holdings LLC
The Peaks Corporate Park LLC
Bargain And Sale Deed
$2,773,000 · Meadows Bank
Jul 6, 2021
—
Civility Costs Nothing LLC
—
Deed
related
$1,246,500 · Western Alliance Bank
May 28, 2021
—
Civility Costs Nothing LLC
The Peaks Corporate Park LLC
Re-recorded Document
related
—
Dec 15, 2020
$1,476,390
Civility Costs Nothing LLC
The Peaks Corporate Park LLC
Bargain And Sale Deed
$1,246,500 · Western Alliance Bank
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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