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Property profile & analytics
OFF-MARKET
Estimated value
$640,000
Grocery and convenience stores
1101 Sunset Rd Henderson, NV 89014-6601
Entity Owned
22-yr Hold
~
Est. High Equity
Property ID
US62-0059829
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1991
Construction
FRAME
Total area
2,705 SF
Lot
0.99 ac (43,124 SF)
APN
178-03-701-005
UPID
US62-0059829
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
-
Terrible Herbst Self Serve Car Wash Car Wash
-
Western Union Bank Credit Union
-
Terrible Herbst Convenience Store Grocery & Convenience Store
-
Chevron Henderson Grocery & Convenience Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$621k
Blend (final)
Blend
$640k
Owner & transaction history
Herbs Development LLC · 22 yrs held
Herbs Development LLC
since 2004
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$640k
Range $576k – $704k · ±10%
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
$237 / 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
$12,834
Tax year 2023
Assessed value
$542,440
Assessed 2024
Previous assessed
$457,811
+18.5% YoY
Effective rate
2.37%
On assessed value
Assessed land
$326,017
Assessed improvement
$216,423
Land market value
$931,477
Improvement market value
$618,351
Total market value
$1,549,828
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1991
Construction
FRAME
Heating
HEAT PUMP
Buildings
2
Stories
1
Total area
2,705 SF
Lot
0.99 ac (43,124 SF)
APN
178-03-701-005
UPID
US62-0059829
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
Building & site characteristics
From public records
Year built
1991
Construction
FRAME
Heating
HEAT PUMP
Stories
1
Buildings
2
Lot
0.99 ac
Current owner
From public records · entity-resolved
Herbs Development LLC
Entity
Mailing address
5195 LAS VEGAS BLVD S, LAS VEGAS, NV 89119-3209
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 17, 2025
—
Car Spa Th Holding LLC
—
Deed
related
$1,600,000 · Capital One NA
Dec 22, 2017
—
Herbst Dev LLC
—
Grant Deed
related
$187,733,000 · Western Alliance Bk
May 9, 2016
—
Herbst Dev LLC
—
Deed
related
$4,236,287 · Western Alliance Bk
Mar 31, 2004
$926,750
Herbs Development LLC
Herbst,jerry & Maryanna
Grant Deed
related
$12,000,000 · Bankwest Of Nevada
Apr 3, 2001
—
Henderson City (nv)
Herbst,jerry & Maryanna
Grant Deed
related
—
—
—
Herbst Dev LLC
—
Deed Of Trust
related
$27,658,250 · Western Alliance Bk
—
—
Herbst Dev LLC
—
Deed Of Trust
related
$11,400,000 · Bank Of Nevada
—
—
Herbst Dev LLC
—
Loan Modification
related
$4,236,287 · Western Alliance Bk
—
—
Herbst Dev LLC
—
Loan Modification
related
$4,237,500 · Western Alliance Bk
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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