Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$3,290,000
Office buildings
129 Lk Mead Pkwy Henderson, NV 89015-6954
Trust Owned
5-yr Hold
Free & Clear
Property ID
US62-0451377
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2006
Construction
FRAME
Total area
14,048 SF
Lot
2.25 ac (98,010 SF)
APN
179-18-216-001
UPID
US62-0451377
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
-
Dye Anne Majors, PT Physician
-
Clark William W MD Physician
-
Hammer David B DO Physician
-
Thomas W. Welch, Crna Physician
-
Anesthesia Associates: Ross Blaine MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.79M
Comparable Approach
Comparable
$2.68M
Blend (final)
Blend
$3.29M
Owner & transaction history
Glass,spy Trust · 5 yrs held
Glass,spy Trust
since 2020
6 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%
$4,100,000
6.5%
$3,785,000
7%
$3,515,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$4,390,000
Current use
RETAIL STORES
$3,870,000
Change: -12% · Conversion: Moderate
Blend value · Realmo final
$3.29M
Range $2.96M – $3.62M · ±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
$234 / 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
$34,548
Tax year 2023
Assessed value
$1,204,823
Assessed 2024
Previous assessed
$1,167,245
+3.2% YoY
Effective rate
2.87%
On assessed value
Assessed land
$370,478
Assessed improvement
$834,345
Land market value
$1,058,509
Improvement market value
$2,383,843
Total market value
$3,442,352
Applied tax rate
503.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2006
Construction
FRAME
Heating
YES
Buildings
5
Stories
2
Total area
14,048 SF
Lot
2.25 ac (98,010 SF)
APN
179-18-216-001
UPID
US62-0451377
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
OFFICE BUILDING Current
Est. value
$4.4M
RETAIL STORES
Est. value
$3.9M
OFFICE BUILDING Current
RETAIL STORES
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
2006
Construction
FRAME
Heating
YES
Stories
2
Buildings
5
Lot
2.25 ac
Current owner
From public records · entity-resolved
Glass,spy Trust
Trust
Free & Clear · 5 yrs held
Mailing address
732 S RACETRACK RD, HENDERSON, NV 89015-8539
Ownership since
2020
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
Oct 22, 2020
—
Glass,spy Trust
Lv Capital Fund LLC
Grant Deed
related
—
Sep 24, 2019
$3,600,000
Lv Capital Fund LLC
Lorne M Philips Family LLC
Grant Deed
related
—
Mar 13, 2012
—
Lorne M Phillips Family LLC
Lorne M Phillips Family LP
Quit Claim Deed
related
$2,870,000 · First Savings Bank
Apr 14, 2005
—
Lorne M Phillips Family
—
Trustees Deed
related
$2,350,000 · Bank Of Nevada
—
—
Lorne M Phillips Family
—
Deed Of Trust
related
$190,000 · Bankwest Of Nevada
—
—
Lorne M Phillips Family
—
Deed Of Trust
related
$779,000 · Bank Of Nevada
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 129 Lk Mead Pkwy?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
