Tenant-Occupied
For Sale
$719,900
200 Kola Street, Henderson, NV 89015
Corner-positioned four-unit property near transportation, retail, restaurants, and everyday services.
Property Size3,060 SF
Days on Market78
Property Features for 200 Kola Street
General Information
Standard status
Active
Size
3,060 SF
Property subtype
Multi Family
Additional Details
Highway Access
Yes
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$2,250
Building Details
Building Size
3,060 SF
Year Built
1979
Listing Agency:
General Realty Group Inc
Listed By:
Steven Aboulafia · License #S.0040153
(702) 497-8006
Source:
Usarealty
Added: Aug 8
Changed: Oct 23
Last Checked: Oct 23 at 1:40PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of General Realty Group Inc
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This fourplex contains four residential units and currently has tenants in place. Built in 1979, the property is positioned on a corner near Center Street and Kola Street in Henderson.
The location provides access to Boulder Highway and Lake Mead Parkway, along with nearby shopping, dining, and everyday services. WalkScore is 40, BikeScore is 55, and TransitScore is 30, reflecting a car-dependent setting with some transit and bike access.
The location provides access to Boulder Highway and Lake Mead Parkway, along with nearby shopping, dining, and everyday services. WalkScore is 40, BikeScore is 55, and TransitScore is 30, reflecting a car-dependent setting with some transit and bike access.
Key Highlights
- Four‑unit residential income property
- Current tenants in place
- Built in 1979
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,430
Cap Rate
4.92%
Suggested Prices Based on Cap Rates
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
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 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 4.92%
Second Best
Apartment 5plus
$465.0K
$406.9K – $542.5K
NOI $32,548 @ 7.0% cap · market cap 4.52%
Theoretical Best
Specialty Retail
$1.07M
$937.9K – $1.25M
NOI $75,035 @ 7.0% cap · market cap 10.42%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
4
Residential units
Yes
Highway 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Corner-positioned four-unit property near transportation, retail, restaurants, and everyday services.
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 $719,900.
What are key features of this property?
This property features: Four‑unit residential income property; Current tenants in place; Built in 1979
