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Property profile & analytics
OFF-MARKET
Estimated value
$855,000
Office buildings
140 Horizon Dr Henderson, NV 89015-7930
Individually Owned
11-yr Hold
Absentee Owner
Free & Clear
Property ID
US62-0201226
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1996
Construction
FRAME
Total area
5,074 SF
Lot
0.37 ac (16,117 SF)
APN
179-19-409-016
UPID
US62-0201226
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
-
Infinity Dental Dental Office
-
High Desert Insurance Agency Insurance Agency
-
Dr. michjo M. onesiphorus, DDS Physician
-
The Bo Hash Insurance agency DBA High Desert Insurance Insurance Agency
-
Care Chiropractic Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$855k
Owner & transaction history
Scherrer,james S & Becky L Tr · 11 yrs held
Scherrer,james S & Becky L Tr
since 2014
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
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
$1,395,000
Change: -12% · Conversion: Moderate
Blend value · Realmo final
$855k
Range $770k – $941k · ±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
$169 / 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
$5,211
Tax year 2023
Assessed value
$176,422
Assessed 2024
Previous assessed
$176,533
-0.1% YoY
Effective rate
2.95%
On assessed value
Assessed land
$56,410
Assessed improvement
$120,012
Land market value
$161,171
Improvement market value
$342,891
Total market value
$504,062
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1996
Construction
FRAME
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
5,074 SF
Lot
0.37 ac (16,117 SF)
APN
179-19-409-016
UPID
US62-0201226
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
Est. value
$1.4M
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
1996
Construction
FRAME
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.37 ac
Current owner
From public records · entity-resolved
Scherrer,james S & Becky L Tr
Individual
Free & Clear · 11 yrs held
Mailing address
9129 ALTURA LN, WHITTIER, CA 90603-1201
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 5, 2014
—
Scherrer,james S & Becky L Tr
Scherrer,james S & Becky L
Quit Claim Deed
related
—
Mar 6, 2014
—
James S Scherrer
Scherrer R S & M E Trust
Quit Claim Deed
related
—
Apr 25, 2013
—
Scherrer,r S & M E Living Trust
R & E LLC
Grant Deed
related
—
Nov 16, 1999
—
R & E LLC
Scherrer Trust
Quit Claim Deed
related
—
Oct 14, 1999
—
R & E LLC
Scherrer Trust
Quit Claim Deed
related
—
Aug 9, 1999
$575,000
Roy S Scherrer
Ks Nevada INC
Grant Deed
$352,255 · Nevada State Bank
Oct 23, 1996
$315,000
Kbj Investment & Dev INC
Bajong INC
Grant Deed
$265,000 · Seller
Mar 22, 1996
—
Bajong INC
Loudin,david D
Grant Deed
related
—
Jan 31, 1995
$160,000
David D Loudin
Ward,jimmie J
Grant Deed
$350,000 · Bajong INC
Jan 14, 1992
$130,000
Jimmie J Ward
Unknown
Grant Deed
—
—
—
Ks Nevada INC
—
Deed Of Trust
related
$45,000 · Individual
—
—
Ks Nevada INC
—
Deed Of Trust
related
$150,000 · Individual
—
—
Kbj Investment & Dev INC
—
Deed Of Trust
related
$70,000 · Abraham Trust
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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