0 College Dr Henderson, NV 89015
This exceptional 4.63-acre commercial land parcel is ideally situated in Henderson, Nevada's desirable Mission Hills neighborhood, boasting a prime location on College Drive between Mission Drive and Patti Ann Woods Drive. Directly across from Mission Hills Park and conveniently located off the College Drive and I-11 off-ramp, this property offers unparalleled access and visibility. Currently zoned R-1 (allowing for up to 5 residential lots), the City of Henderson may consider R-2 zoning (10 lots), subject to development requirements. The property is generally flat, though minor drainage work is needed in the northwest corner, and the developer will be responsible for completing a portion of Trenier Drive and meeting other city development stipulations. Utilities, including water and sewer, are available at the site, requiring completion of an existing 8" water loop and sewer line along Trenier Drive. The property is not located within a 100-year flood zone. Annual property taxes are $4,505.12 (post-CAP reduction). This presents a unique opportunity for residential development in a thriving community with above-average public schools and a strong population of young professionals. The asking price is $1,800,000, translating to $388,769 per acre. APN: 179-325-01-011.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.