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Property profile & analytics
FOR LEASE
Auto shops
1251 American Pacific Dr Henderson, NV 89074
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US62-0257575
For Lease
1 / 28
$2,000,000
1251 American Pacific Dr, Henderson, NV 89074
View Listing →
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
2003
Construction
FRAME
Total area
39,072 SF
Lot
4 ac (174,240 SF)
APN
178-15-111-013
UPID
US62-0257575
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
-
Desert Mobile Auto Accessories Auto Repair Shop
-
Forever Auto Express Auto Repair Shop
-
Vegas Born Kustomz Electronics & Wireless Store Auto Parts Store
-
Jiffy Smog, a DEKRA company Sustainability Organization
-
OutPut Exotics LV Car Rental Car Rental Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.00M
Owner & transaction history
Redline Properties LLC · 10 yrs held
Redline Properties LLC
since 2016
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$51 / 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
$48,027
Tax year 2023
Assessed value
$3,291,948
Assessed 2024
Previous assessed
$2,913,370
+13.0% YoY
Effective rate
1.46%
On assessed value
Assessed land
$853,776
Assessed improvement
$2,438,172
Land market value
$2,439,360
Improvement market value
$6,966,206
Total market value
$9,405,566
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
For Lease
Year built
2003
Construction
FRAME
Heating
YES
Cooling
YES
Buildings
3
Stories
1
Total area
39,072 SF
Lot
4 ac (174,240 SF)
APN
178-15-111-013
UPID
US62-0257575
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
2003
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Buildings
3
Lot
4 ac
Current owner
From public records · entity-resolved
Redline Properties LLC
Entity
Mailing address
1929 VAN NESS AVE, SAN FRANCISCO, CA 94109-3007
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 27, 2016
$6,100,000
Redline Properties LLC
Lakeland West Capital Xx LLC
Grant Deed
$21,750,000 · Miscellaneous Ins Co
Sep 25, 2014
$3,823,545
Lakeland West Capital Xx
Hot Rod Hill Henderson LLC
Bargain And Sale Deed
—
Dec 30, 2010
$100,000
Hot Rod Hill Henderson LLC
Nevada Title Co
Trustees Deed
—
Jul 15, 2005
$15,270,000
Wa Hrh 2 LLC
Rpm LLC
Grant Deed
$9,550,000 · Bank Of America
Jul 3, 2001
—
Rpm LLC
—
Trustees Deed
related
$5,425,000 · Community Bank Nevada
Nov 7, 2000
—
Rmp LLC
Wells,paul V
Grant Deed
related
—
Feb 29, 2000
$566,500
Randall C Donald
Wells,paul V
Grant Deed
—
Jul 3, 1997
$765,500
Republic Exchange Facilita Old
Wood Trust
Grant Deed
$450,000 · Norwest Mortgage Investors LLC
—
—
Wa Hrh 2 LLC
—
Deed Of Trust
related
$9,550,000 · Bank Of America
—
—
Gary N Moore
—
Deed Of Trust
related
$202,600 · Provident Funding Assoc LP
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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