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Property profile & analytics
OFF-MARKET
Estimated value
$12,800,000
Outlet malls
1241 Warm Spgs Rd Henderson, NV 89014
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US62-0434629
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2003
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
60,275 SF
Lot
23.19 ac (1,010,156 SF)
APN
178-10-111-002
UPID
US62-0434629
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$12.80M
Owner & transaction history
Exeter 16290 Nv LLC · 9 yrs held
Exeter 16290 Nv LLC
since 2016
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$17.5M
+5.2%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$16,595,000
Current use
OFFICE BUILDING
$17,455,000
Change: +5% · Conversion: Easy
Blend value · Realmo final
$12.80M
Range $11.52M – $14.08M · ±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
$212 / 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
$177,518
Tax year 2023
Assessed value
$10,452,754
Assessed 2024
Previous assessed
$9,654,378
+8.3% YoY
Effective rate
1.70%
On assessed value
Assessed land
$3,818,390
Assessed improvement
$6,634,364
Land market value
$10,909,686
Improvement market value
$18,955,326
Total market value
$29,865,012
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
2003
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Buildings
8
Stories
1
Total area
60,275 SF
Lot
23.19 ac (1,010,156 SF)
APN
178-10-111-002
UPID
US62-0434629
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
RETAIL STORES Current
Est. value
$16.6M
OFFICE BUILDING
Est. value
$17.5M
RETAIL STORES Current
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
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Buildings
8
Lot
23.19 ac
Current owner
From public records · entity-resolved
Exeter 16290 Nv LLC
Entity
Mailing address
468 N CAMDEN DR #300, BEVERLY HILLS, CA 90210-4507
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 9, 2018
—
Exeter 16290 Nv LLC
—
Deed
related
$13,000,000 · Morgan Stanley Bank NA
Feb 22, 2017
—
Exeter 16290 Nv LLC
—
Deed
related
$11,960,000 · Keybank USA
Nov 30, 2016
$18,400,000
Exeter 16290 Nv LLC
Warm Springs Promenade LLC
Grant Deed
$11,960,000 · Keybank USA
Apr 28, 2009
—
Warm Springs Promenade LLC
—
Deed Of Trust
related
$28,000,000 · Compass Bank
Aug 6, 2003
—
Warm Springs Promenade LLC
—
Trustees Deed
related
$24,500,000 · First National Bank Arizona
—
—
Warm Springs Promenade LLC
—
Deed Of Trust
related
$13,334,718 · Compass Bank
—
—
Warm Springs Promenade LLC
—
Deed Of Trust
related
$28,000,000 · Compass Bank
—
—
Exeter 16290 Nv LLC
—
Deed Of Trust
related
$11,960,000 · Keybank USA
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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