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Property profile & analytics
OFF-MARKET
Estimated value
$3,200,000
Office buildings
1349 Galleria Dr 250 Henderson, NV 89014-8623
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US62-0237437
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2002
Construction
FRAME
Total area
12,686 SF
Lot
0.9 ac (39,204 SF)
APN
178-03-110-015
UPID
US62-0237437
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
-
Gatehouse Strategies Business Administration Service Business To Business Service
-
The Works Entertainment Theater & Performing Art Venue Nightclub
-
Regal Towing Service Auto Repair Shop
-
Udeed Consultant
-
Erickson & Whitaker PC Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.20M
CAP Approach
CAP
$3.42M
Comparable Approach
Comparable
$2.43M
Blend (final)
Blend
$3.20M
Owner & transaction history
Houchin Investment Properties LLC · 2 yrs held
Houchin Investment Properties LLC
since 2024
Last sale
$3.2M
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
$3,200,000
ML approach
$3,200,000
CAP Approach
CAP Return
Estimation
6%
$3,700,000
6.5%
$3,415,000
7%
$3,170,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,675,000
Current use
RETAIL STORES
$3,495,000
Change: -5% · Conversion: Moderate
Blend value · Realmo final
$3.20M
Range $2.88M – $3.52M · ±10% · vs last sale $3.20M (Jul 5 2024)
Last sale anchor
$3.20M
Jul 5 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
$252 / 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
$20,332
Tax year 2023
Assessed value
$863,827
Assessed 2024
Previous assessed
$798,471
+8.2% YoY
Effective rate
2.35%
On assessed value
Assessed land
$192,100
Assessed improvement
$671,727
Land market value
$548,857
Improvement market value
$1,919,220
Total market value
$2,468,077
Applied tax rate
529.0000
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
2002
Construction
FRAME
Heating
HEAT PUMP
Stories
2
Total area
12,686 SF
Lot
0.9 ac (39,204 SF)
APN
178-03-110-015
UPID
US62-0237437
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
$3.7M
RETAIL STORES
Est. value
$3.5M
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
2002
Construction
FRAME
Heating
HEAT PUMP
Stories
2
Lot
0.9 ac
Current owner
From public records · entity-resolved
Houchin Investment Properties LLC
Entity
Mailing address
1349 GALLERIA DR STE #200, HENDERSON, NV 89014-8624
Mailing matches property
Yes
Owner-occupied
Yes
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 5, 2024
$3,200,000
Houchin Investment Properties LLC
Galleria Office Partners LLC
Bargain And Sale Deed
$16,000,000 · Galleria Office Partners LLC
Jul 30, 2001
—
Galleria Office Partners LLC
—
Trustees Deed
related
$1,830,000 · Bankwest Of Nevada
Mar 23, 2001
$650,000
Galleria Office Partners LLC
Ibew Plus Cu
Grant Deed
$520,000 · Ibew Plus Cu
Dec 31, 1996
—
Sami Ladeki
—
Grant Deed
related
$545,032 · Commerce Loan Co
—
—
Galleria Office Partners LLC
—
Deed Of Trust
related
$850,000 · Mark & Reta Leseberg
—
—
Galleria Office Partners LLC
—
Deed Of Trust
related
$1,800,000 · Farm Bureau Life Insurance
—
—
Galleria Office Partners LLC
—
Deed Of Trust
related
$500,000 · 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.
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