Tenant-Occupied
New
For Sale
$724,900
200 Kola Street, Henderson, NV 89015
MULTI_FAMILY - Other - Henderson, NV
Property Size3,060 SF
Lot Size0.17 Acres
Price / SF$236.90
Days on Market2
Property Features for 200 Kola Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Window features
Blinds
Interior features
Ceiling Fan(s), Storage, Window Treatments, Programmable Thermostat
Appliances
Exhaust Fan, Disposal, Microwave, Oven, Range, Refrigerator, Range Hood
Subdivision
Bulloch Sub #1
Elementary school
,
Directions
Directions: From Boulder Hwy & Lake Mead Pkwy, head east on Lake Mead Pkwy. Turn right on Burkholder Blvd, left on Center St, then right on Kola St. Continue to 200 Kola St. Property on corner of Center & Kola St
Standard status
Active
APN
179-17-511-010
Size
3,060 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Annual Amount
2250
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1979
Floors in Building
2
Number of units
1
Flooring type
Carpet, Tile - Ceramic, Vinyl
Building materials
Stucco
Roof type
Composition, Shingle
Architectural style
Other
Additional Structures
Storage
Listing Agency:
General Realty Group Inc
(702) 736-4664
Listed By:
Steven Aboulafia · License #S.0040153
(702) 497-8006
Added: Aug 8
Changed: Aug 9
Last Checked: Aug 9 at 10:06AM
MLS# 2807484
Copyright © 2026 Las Vegas REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This quadplex contains four residential units within a 3,060-square-foot property on 0.17 acres. Built in 1979, the asset features stucco construction, a composition and shingle roof, central electric heating, and central air conditioning. Interior details include storage, ceiling fans, window treatments, programmable thermostats, and a mix of carpet, ceramic tile, and vinyl flooring. Appliances include ranges, refrigerators, microwaves, disposals, exhaust fans, and range hoods.
Current tenants are in place. The property occupies a corner near Center Street and Kola Street, with access to Boulder Highway, Lake Mead Parkway, shopping, dining, and everyday services. Public water and public sewer serve the property.
Current tenants are in place. The property occupies a corner near Center Street and Kola Street, with access to Boulder Highway, Lake Mead Parkway, shopping, dining, and everyday services. Public water and public sewer serve the property.
Key Highlights
- Four‑unit multifamily property with current tenants in place
- 3,060 square feet on a 0.17‑acre lot
- Corner location near Center Street and Kola Street
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$35,430
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.89%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$708,600
$708.6K
Cap Rate 7%
$506,143
$506.1K
Cap Rate 9%
$393,667
$393.7K
Market Conditions
NOI Build-Up for 3,060 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$53.2K $17.40/SF
− Vacancy
−$2.6K −$0.86/SF
EGI
$50.6K $16.54/SF
− OpEx
−$15.2K −$4.96/SF
NOI
$35.4K $11.58/SF
Area
ZIP 89015
Vacancy
4.94%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$708,600
Cap Rate 7%
$506,143
Cap Rate 9%
$393,667
Alternative Uses
Best Use
Multifamily LT 5
$506.1K
$442.9K – $590.5K
NOI $35,430 @ 7.0% cap · market cap 4.89%
Second Best
Apartment 5plus
$465.0K
$406.9K – $542.5K
NOI $32,548 @ 7.0% cap · market cap 4.49%
Theoretical Best
Specialty Retail
$1.07M
$937.9K – $1.25M
NOI $75,035 @ 7.0% cap · market cap 10.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
323
Businesses Nearby
Explore this area
Business Placement
Demographics for 89015, NV
41,203
Population
16,812
Households
2.5
Avg Household Size
41
Median Age
20%
College-Educated
89%
High-School Grad
37.3 sq mi
ZIP Area
1,105
Density / Sq Mi
$71,300
Median Household Income
$41,509
Median Earnings
$1,324
Median Rent
$373,700
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Established multifamily property with current tenants, central cooling, and public utilities.
Where is this quadplex located?
The property is located at 200 Kola Street Henderson, NV.
What is the asking price?
The asking price for this property is $724,900.
What are key features of this property?
This property features: Four‑unit multifamily property with current tenants in place; 3,060 square feet on a 0.17‑acre lot; Corner location near Center Street and Kola Street
