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    1 S Water St Henderson, NV 89015
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    1 S Water St Henderson, NV 89015

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    • Commercial land
    For Sale
    $9,500,000
    View Listing →
    Land - Henderson, NV For Sale
    $9,500,000

    Land - Henderson, NV

    2.15 acres of commercial land at Water and Lake Mead.

    1 S Water St, Henderson, NV 89015
    View Listing
    Property ID
    US62-1281549
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial land

    Property Details for 1 S Water St

    Property type
    Commercial land
    Property subtype
    Commercial real estate

    Description

    13 PARCEL NUMBERS TOTAL INCLUDED IN THE SALE (2.15 ACRES TOTAL). *PARCELS 179-18-201-002, 179-18-211-026, AND 179-18-610-013 ARE OWNED BY THE CITY AND WILL ALSO BE INCLUDED IN THE SALE. 179-18-201-004, 179-18-601-008, 179-18-201-001, 179-18-201-003, 179-18-211-027, 179-18-211-028, 179-18-211-029, 179-18-211-030, 179-18-211-031, 179-18-610-012, 179-18-201-002, 179-18-211-026, 179-18-610-013 zone for high rise mix use ( hotel , condo , office , retail )

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Henderson
    County
    Clark
    State
    Nevada
    Longitude
    -114.9863186
    Latitude
    36.0363798

    Comparable in this City

    • $9,500,000
      2.15 Acres

      Commercial Land on Water Street

      2.15 acres of commercial land at Water and Lake Mead.
      1 S Water St, Henderson, NV 89015
      View Details
    • Contact for pricing

      Henderson Redevelopment Opportunity Zone Property

      Eleven parcels for redevelopment in Henderson's Opportunity Zone.
      Lk Mead Blvd. & Atlantic St, Henderson, NV 89015
      View Details
    • Contact for pricing

      Land for Sale

      Approximately 2.58 acres of land for sale.
      S Racetrack Rd, Henderson, NV 89015
      View Details
    • Contact for pricing
      1,533 SF

      Former Drive-Thru Restaurant Opportunity

      Former drive-thru restaurant for sale with frontage on Lake Mead.
      1426 E Lake Mead Pkwy, Henderson, NV 89015
      View Details
    • Contact for pricing
      80,440 SF

      Modernized Industrial Complex in Henderson

      Premier industrial complex with heavy industrial facilities and modern amenities.
      190 S 4Th St, Henderson, NV 89015
      View Details
    • Contact for pricing

      Modern Industrial Park for Sale

      Four-building industrial park designed for modern warehouse and distribution needs.
      725 Grand Cadence Dr, Henderson, NV 89015
      View Details

    Similar Nearby for Sale

    • $9,500,000
      2.15 Acres

      Commercial Land on Water Street

      2.15 acres of commercial land at Water and Lake Mead.
      1 S Water St, Henderson, NV 89015
      View Details
    • Contact for pricing

      Henderson Redevelopment Opportunity Zone Property

      Eleven parcels for redevelopment in Henderson's Opportunity Zone.
      Lk Mead Blvd. & Atlantic St, Henderson, NV 89015
      View Details
    • Contact for pricing

      Land for Sale

      Approximately 2.58 acres of land for sale.
      S Racetrack Rd, Henderson, NV 89015
      View Details
    • Contact for pricing
      80,440 SF

      Modernized Industrial Complex in Henderson

      Premier industrial complex with heavy industrial facilities and modern amenities.
      190 S 4Th St, Henderson, NV 89015
      View Details
    • Contact for pricing

      Modern Industrial Park for Sale

      Four-building industrial park designed for modern warehouse and distribution needs.
      725 Grand Cadence Dr, Henderson, NV 89015
      View Details
    • Contact for pricing

      Modern Industrial Park for Sale

      Four-building industrial park designed for modern warehouse and distribution needs.
      2020 Pabco Rd, Henderson, NV 89015
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Cleared Land Ready For Development

      High-visibility, shovel-ready site in Henderson corridor, ideal for QSR, auto.
      721 E Lake Mead Pkwy, Henderson, NV 89015
      View Details
    • Contact for pricing

      Vacant Land on Racetrack Road

      Expansive vacant land for lease in Henderson, Nevada.
      732 South Racetrack Rd, Henderson, NV 89015
      View Details
    • Contact for pricing

      Retail Space in Cornet Plaza

      Retail space available in busy Henderson shopping center.
      771 E Horizon Dr, Henderson, NV 89015
      View Details
    • Contact for pricing

      Boulder Marketplace Retail Space Available

      18,320 SF retail space in Boulder Marketplace shopping center.
      716 S Boulder Hwy, Henderson, NV 89015
      View Details
    • Contact for pricing

      Medical Office in Water Street

      Medical office suite in revitalized Water Street District.
      38 S Water St, Henderson, NV 89015
      View Details
    • $1.40 SF/Yr
      3,160 SF

      Downtown Henderson Office Space Available

      Two-story office building in the Historic Water Street district.
      311 S Water St, Henderson, NV 89015
      View Details
    View Listing
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    1 S Water St
    Henderson, NV 89015
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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