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Property profile & analytics
OFF-MARKET
Estimated value
$7,890,000
Drug stores
1360 Horizon Rdg Pkwy Henderson, NV 89012-2462
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US62-0175885
Property profile
Verified
Property type
Drug stores
Use group
DRUG STORE, PHARMACY
Year built
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
14,992 SF
Lot
1.64 ac (71,438 SF)
APN
178-22-201-009
UPID
US62-0175885
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
-
COVID-19 Drive-Thru Testing at Walgreens Pharmacy
-
Redbox Cinema (Bike/Boat/Book/etc) Store
-
Walgreens Pharmacy Pharmacy
-
Walgreens Photo (Bike/Boat/Book/etc) Store
-
Walgreens Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.62M
CAP Approach
CAP
$5.21M
Comparable Approach
Comparable
$6.28M
Blend (final)
Blend
$7.89M
Owner & transaction history
Jj Grothe LLC · 4 yrs held
Jj Grothe LLC
since 2021
Last sale
$7.8M
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$10.5M
+153.9%
Restaurant
$9.5M
+131.0%
Auto repair, garage
$6.7M
+62.8%
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
$8,915,000
ML approach
$8,615,000
CAP Approach
CAP Return
Estimation
6%
$5,640,000
6.5%
$5,205,000
7%
$4,835,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$10,485,000
Change: +154% · Conversion: Difficult
RESTAURANT
$9,535,000
Change: +131% · Conversion: Easy
AUTO REPAIR, GARAGE
$6,720,000
Change: +63% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$6,605,000
Change: +60% · Conversion: Moderate
Blend value · Realmo final
$7.89M
Range $7.10M – $8.68M · ±10% · vs last sale $7.82M (Dec 30 2021)
Last sale anchor
$7.82M
Dec 30 2021
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
$526 / 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
$21,892
Tax year 2023
Assessed value
$1,556,212
Assessed 2024
Previous assessed
$1,388,641
+12.1% YoY
Effective rate
1.41%
On assessed value
Assessed land
$750,099
Assessed improvement
$806,113
Land market value
$2,143,140
Improvement market value
$2,303,180
Total market value
$4,446,320
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
Drug stores
Use group
DRUG STORE, PHARMACY
Status
Off-Market
Year built
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Total area
14,992 SF
Lot
1.64 ac (71,438 SF)
APN
178-22-201-009
UPID
US62-0175885
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
MEDICAL BUILDING
Est. value
$10.5M
RESTAURANT
Est. value
$9.5M
AUTO REPAIR, GARAGE
Est. value
$6.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.6M
MEDICAL BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
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
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Lot
1.64 ac
Current owner
From public records · entity-resolved
Jj Grothe LLC
Entity
Mailing address
PO BOX 1159, DEERFIELD, IL 60015-6002
Ownership since
2021
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
Dec 27, 2024
—
J Grothe Family Limited Partnership
—
Deed
related
$3,570,500 · Clark County Cu
Dec 30, 2021
—
Jj Grothe LLC
John P Grothe
Intrafamily Transfer
related
—
Feb 11, 2015
$7,823,000
Grothe Family Trust
Henderson So LLC
Grant Deed
—
Dec 17, 2002
$5,655,170
Henderson So LLC
Scano,tr
Grant Deed
$4,355,172 · Nevada National Exchange LLC
Dec 16, 2002
$2,294,960
Scano,tr
East West Investment LLC
Grant Deed
—
—
—
Henderson So LLC
—
Deed Of Trust
related
$4,300,000 · Lehman Brothers Bank Fsb
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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