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Property profile & analytics
OFF-MARKET
Estimated value
$2,575,000
Office buildings
2920 Grn Vly Pkwy 1 Henderson, NV 89014-0406
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US62-1007112
Property summary
AI-generated overview
Sunset Ridge Professional Plaza, a Class B office building in Henderson, NV, offers 17,626 square feet of versatile office space. Located at 2920 N Green Valley Pkwy (Building 4), this property boasts convenient access to McCarran International Airport, I-215 Beltway, and the Galleria Mall. The two-story building, constructed in 1996, sits on 0.81 acres and features 47 parking spaces. Multiple suites are available, ranging from a minimum of 1,460 square feet to a maximum contiguous space of 4,000 square feet
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1994
Construction
FRAME
Total area
6,504 SF
Lot
0.65 ac (28,314 SF)
APN
161-32-310-007
UPID
US62-1007112
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
-
Advantage Civil Design Group, LLP Civil Engineer
-
Thomas Carroll R PhD Physician Medical Clinic
-
First Legal Law Firm
-
Alas Science Clinical Research Physician
-
Elijah Rhodes Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.68M
CAP Approach
CAP
$1.75M
Comparable Approach
Comparable
$1.74M
Blend (final)
Blend
$2.58M
Owner & transaction history
Two Point 2 LLC · 3 yrs held
Two Point 2 LLC
since 2023
Last sale
$2.5M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.1M
+119.6%
Auto repair, garage
$2.9M
+54.8%
Neighborhood: shopping center
$2.9M
+52.1%
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
$2,695,000
ML approach
$2,675,000
CAP Approach
CAP Return
Estimation
6%
$1,895,000
6.5%
$1,750,000
7%
$1,625,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,885,000
Current use
RESTAURANT
$4,135,000
Change: +120% · Conversion: Moderate
AUTO REPAIR, GARAGE
$2,915,000
Change: +55% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,865,000
Change: +52% · Conversion: Difficult
RETAIL STORES
$1,790,000
Change: -5% · Conversion: Moderate
Blend value · Realmo final
$2.58M
Range $2.32M – $2.83M · ±10% · vs last sale $2.46M (Mar 17 2023)
Last sale anchor
$2.46M
Mar 17 2023
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
$396 / 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
$5,857
Tax year 2023
Assessed value
$318,485
Assessed 2024
Previous assessed
$287,119
+10.9% YoY
Effective rate
1.84%
On assessed value
Assessed land
$89,189
Assessed improvement
$229,296
Land market value
$254,826
Improvement market value
$655,131
Total market value
$909,957
Applied tax rate
505.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1994
Construction
FRAME
Heating
HEAT PUMP
Stories
1
Total area
6,504 SF
Lot
0.65 ac (28,314 SF)
APN
161-32-310-007
UPID
US62-1007112
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
$1.9M
RESTAURANT
Est. value
$4.1M
AUTO REPAIR, GARAGE
Est. value
$2.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.9M
RETAIL STORES
Est. value
$1.8M
OFFICE BUILDING Current
RESTAURANT
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
1994
Construction
FRAME
Heating
HEAT PUMP
Stories
1
Lot
0.65 ac
Current owner
From public records · entity-resolved
Two Point 2 LLC
Entity
Mailing address
4913 N BOLSENA AVE, MERIDIAN, ID 83646-6742
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 17, 2023
$2,462,500
Two Point 2 LLC
Jl Dyer LLC
Bargain And Sale Deed
$462,500 · Juan Moreno
Mar 27, 2013
—
Jl Dyer LLC
Mm Trust
Quit Claim Deed
related
—
Nov 27, 2012
$835,000
Juan Moreno
Sa California Group INC
Quit Claim Deed
related
—
May 15, 2012
$920,000
Sa California Group INC
First American Title Ins
Trustees Deed
—
Jul 25, 2005
$3,975,000
Save Most Alicia Hills Ltd
Real Estate Partners INC
Grant Deed
$2,980,000 · Big Brother Bail Bonds
Dec 1, 2004
$1,023,909
Real Estate Partners INC
Bristol Center LLC
Grant Deed
—
Apr 15, 2003
$9,650,000
Sunset Ridge Associates
—
Grant Deed
related
—
—
—
Save-most Alicia Hills Ltd
—
Deed Of Trust
related
$2,910,000 · Pff Bank & Trust
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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