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Property profile & analytics
OFF-MARKET
Estimated value
$4,655,000
Strip malls
12231 Eastern Ave Henderson, NV 89052-4414
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US62-0370822
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2003
Construction
FRAME
Total area
9,847 SF
Lot
2.3 ac (100,188 SF)
APN
191-12-501-011
UPID
US62-0370822
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
-
Patrick M. Korth & Rebecca Hoag-Korth Real Estate Agency
-
Anthem Hills Dental Dental Office
-
Serintia LLC Marketing & Advertising (Bike/Boat/Book/etc) Store
-
Windermere Anthem Hills LLC Real Estate Agency
-
Ryan Briar Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.66M
CAP Approach
CAP
$3.72M
Comparable Approach
Comparable
$5.69M
Blend (final)
Blend
$4.66M
Owner & transaction history
Bbt Pennsylvania LLC · 2 yrs held
Bbt Pennsylvania LLC
since 2024
Last sale
$4.7M
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$6.9M
+79.7%
Restaurant
$6.3M
+63.5%
Auto repair, garage
$4.4M
+15.2%
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
$4,655,000
ML approach
$4,655,000
CAP Approach
CAP Return
Estimation
6%
$4,025,000
6.5%
$3,715,000
7%
$3,450,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$3,830,000
Current use
MEDICAL BUILDING
$6,885,000
Change: +80% · Conversion: Difficult
RESTAURANT
$6,260,000
Change: +63% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,415,000
Change: +15% · Conversion: Difficult
OFFICE BUILDING
$3,315,000
Change: -13% · Conversion: Moderate
Blend value · Realmo final
$4.66M
Range $4.19M – $5.12M · ±10% · vs last sale $4.66M (Mar 7 2024)
Last sale anchor
$4.66M
Mar 7 2024
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
$473 / 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
$34,480
Tax year 2023
Assessed value
$1,493,763
Assessed 2024
Previous assessed
$1,305,255
+14.4% YoY
Effective rate
2.31%
On assessed value
Assessed land
$666,250
Assessed improvement
$827,513
Land market value
$1,903,571
Improvement market value
$2,364,323
Total market value
$4,267,894
Applied tax rate
516.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2003
Construction
FRAME
Heating
HEAT PUMP
Buildings
2
Stories
1
Total area
9,847 SF
Lot
2.3 ac (100,188 SF)
APN
191-12-501-011
UPID
US62-0370822
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$3.8M
MEDICAL BUILDING
Est. value
$6.9M
RESTAURANT
Est. value
$6.3M
AUTO REPAIR, GARAGE
Est. value
$4.4M
OFFICE BUILDING
Est. value
$3.3M
NEIGHBORHOOD: SHOPPING CENTER Current
MEDICAL BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
2003
Construction
FRAME
Heating
HEAT PUMP
Stories
1
Buildings
2
Lot
2.3 ac
Current owner
From public records · entity-resolved
Bbt Pennsylvania LLC
Entity
Mailing address
PO BOX 910920, SAN DIEGO, CA 92191-0920
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 7, 2024
$4,655,000
Bbt Pennsylvania LLC
Anthem Hills Professional Plaza LLC
Bargain And Sale Deed
$2,800,000 · Standard Insurance Co
Mar 17, 2003
—
Hills Professional Plaz Anthem
—
Trustees Deed
related
$2,587,500 · Bankwest Of Nevada
Dec 11, 2002
—
Anthem Hills Professional
—
Trustees Deed
related
$812,000 · Bankwest Of Nevada
Sep 24, 2002
$1,078,110
Hills Professional Plaz Anthem
Eastern Sun City Anthem Pkwy
Grant Deed
related
—
Aug 22, 2001
$522,000
Eastern Sun City Anthem LLC
Del Webb Communities INC
Grant Deed
—
—
—
Anthem Hills Professional Plaz
—
Loan Modification
related
—
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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