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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    10960 Eastern Ave Henderson, NV 89052-4977

    • Strip malls
    • 14,005 SF
    • 2.99 lot acres
    OFF-MARKET
    Value Estimations
    $4,320,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US62-0072004
    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.

    Current Use by Public Records

    • Vibe 28 / Gym & Fitness Center
    • Eastern Ave Barbers / Barber Shop
    • PrintWithMe Print Kiosk at Zen Coffee Bar / (Bike/Boat/Book/etc) Store / Printing Service
    • Miguel Roman Morales / Dental Office
    • Prizm Nails & Spa Henderson / Nail Salon

    Property Details for 10960 Eastern Ave

    Year built
    2000
    Construction
    FRAME
    Lot size
    2.99 lot acres
    Property size
    14,005 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    178-31-219-006
    APU
    17831219006

    Description

    Sunridge Village Plaza, located at 10960 S Eastern Ave in Henderson, Nevada, offers a 1,200 square foot retail space within a 14,005 square foot multi-tenant building. This vibrant center boasts a strong mix of existing tenants including Shell Gas, Jackpot Joanie's, Craft Kitchen, Toast Society, Vibe 28 Vibration Fitness, Oasis Endodontic Specialists, and Hap-E-Dog Grooming, ensuring high visibility and foot traffic. The property is zoned CN and situated in Clark County (zip code 89052), offering excellent access via three entrances and ample parking (5.73 spaces per 1,000 sq ft). The space is ideal for a restaurant, currently lacking a full kitchen build-out but featuring a three-compartment sink and two employee sinks, providing a blank canvas for a customized kitchen design. The significant frontage on Eastern Avenue provides exceptional visibility for any business. This presents a rare opportunity for a restaurant concept or other retail venture to establish or expand within a thriving Henderson submarket with limited comparable vacancies. The property's location and tenant mix create a dynamic environment conducive to business growth.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $5,725,000
      6.5%
      $5,285,000
      7%
      $4,905,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $3,377,000
      Market price range: $467k - $3.91M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $5,450,000
      Current use
      AUTO REPAIR, GARAGE
      $6,275,000
      Change: +15% Conversion: Difficult
      OFFICE BUILDING
      $4,715,000
      Change: -13% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Henderson
    County
    Clark
    State
    Nevada
    Longitude
    -115.1
    Latitude
    35.9938
    CBSA code
    29820
    CBSA name
    LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $48,602
    $866,123
    $1,068,390
    $1,934,513
    -
    $2,474,637
    $3,052,543
    $5,527,180

    Comparable in this City

    • Value Estimation
      $7,140,000
      23,364 SF

      10050 Eastern Ave

      SHOPPING CENTER, STRIP CENTER • 23,364 SF
      10050 Eastern Ave, Henderson, NV 89052-3932
      View Details
    • Value Estimation
      $2,555,000
      10,275 SF

      2970 Saint Rose Pkwy

      SHOPPING CENTER, STRIP CENTER • 10,275 SF
      2970 Saint Rose Pkwy, Henderson, NV 89052-4449
      View Details
    • Value Estimation
      $5,800,000
      30,000 SF

      10870 Eastern Ave Ste, Unit 105

      SHOPPING CENTER, STRIP CENTER • 30,000 SF
      10870 Eastern Ave Ste, Henderson, NV 89052-5705
      View Details
    • Value Estimation
      $4,110,000
      17,453 SF

      10895 Eastern Ave Ste, Unit 150

      SHOPPING CENTER, STRIP CENTER • 17,453 SF
      10895 Eastern Ave Ste, Henderson, NV 89052-5853
      View Details
    • Value Estimation
      $4,325,000
      7.35 Acres

      Henderson, NV 89052

      SHOPPING CENTER, STRIP CENTER • 7.35 Acres
      Henderson, NV 89052
      View Details
    • Value Estimation
      $7,100,000
      12,600 SF

      3255 Saint Rose Pkwy

      SHOPPING CENTER, STRIP CENTER • 12,600 SF
      3255 Saint Rose Pkwy, Henderson, NV 89052-3829
      View Details

    Similar Nearby for Sale

    • $6,000,000

      Retail Property in Henderson, Nevada

      Retail property available for sale in Henderson, Nevada.
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      View Details
    • Contact for pricing
      1,741 SF

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    • $2,250,000

      Golf Course Lot with Views

      1.5 acre gated lot on golf course with city views.
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    • $2,250,000

      1.5 Acre Golf Course Lot

      Gated 1.5 acre lot with city and mountain views.
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    Similar Nearby for Lease

    • $3 SF/Yr
      1,650 SF

      Retail Space in Southfork Plaza

      Retail space available in a busy, dual-anchored Henderson plaza.
      2980 Saint Rose Pkwy, Henderson, NV 89052
      View Details
    • $3 SF/Yr
      12,736 SF

      Henderson Retail Space For Lease

      Retail space in busy Henderson corridor, anchored by Lowe’s.
      2980 St, Henderson, NV 89052
      View Details
    • $36 SF/Yr
      12,736 SF

      Henderson Retail Center Investment Opportunity

      High-traffic retail space available in Henderson, NV
      2970 St Rose Pkwy, Henderson, NV 89052
      View Details
    • $1.85 SF/Yr
      1,170 SF

      Retail Space in Regal Plaza

      Retail space available in a busy shopping center.
      8876 S Eastern Ave, Henderson, NV 89052
      View Details
    • $2 SF/Yr
      59,796 SF

      Retail Anchor Space Available

      Large retail space in Henderson, Nevada shopping center.
      2650-2662 W Horizon Ridge Pkwy, Henderson, NV 89052
      View Details
    • $3 SF/Yr
      12,736 SF

      Henderson Retail Space For Lease

      Retail space in busy Henderson corridor, anchored by Lowe’s.
      2980 St, Henderson, NV 89052
      View Details
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    10960 Eastern Ave
    Henderson, NV 89052-4977
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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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