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Property profile & analytics
OFF-MARKET
Estimated value
$10,150,000
Warehouses
1421 Boulder Hwy Henderson, NV 89015-6993
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US62-0827529
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2003
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
58,907 SF
Lot
9.57 ac (416,869 SF)
APN
179-21-411-018
UPID
US62-0827529
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
-
Wingstop Restaurant
-
Thighstop Restaurant
-
AutoZone Auto Parts Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.02M
CAP Approach
CAP
$9.30M
Comparable Approach
Comparable
$13.88M
Blend (final)
Blend
$10.15M
Owner & transaction history
M&d Holdings LLC · 5 yrs held
M&d Holdings LLC
since 2021
Last sale
$10.3M
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
$9,900,000
ML approach
$10,020,000
CAP Approach
CAP Return
Estimation
6%
$10,070,000
6.5%
$9,295,000
7%
$8,630,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$10,245,000
Current use
Blend value · Realmo final
$10.15M
Range $9.14M – $11.17M · ±10% · vs last sale $10.34M (May 27 2021)
Last sale anchor
$10.34M
May 27 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
$172 / 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
$102,860
Tax year 2023
Assessed value
$4,657,244
Assessed 2024
Previous assessed
$3,475,500
+34.0% YoY
Effective rate
2.21%
On assessed value
Assessed land
$1,181,824
Assessed improvement
$3,475,420
Land market value
$3,376,640
Improvement market value
$9,929,771
Total market value
$13,306,411
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2003
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Buildings
3
Stories
1
Total area
58,907 SF
Lot
9.57 ac (416,869 SF)
APN
179-21-411-018
UPID
US62-0827529
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
WAREHOUSE, STORAGE Current
Est. value
$10.2M
WAREHOUSE, STORAGE Current
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
2003
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Buildings
3
Lot
9.57 ac
Current owner
From public records · entity-resolved
M&d Holdings LLC
Entity
Mailing address
10845 GRIFFITH PEAK DR STE #100, LAS VEGAS, NV 89135-1555
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 27, 2021
$10,340,000
M&d Holdings LLC
Horizon Town Center LLC
Bargain And Sale Deed
$5,175,000 · City National Bank
May 15, 2019
$9,400,000
Horizon Town Center LLC
T Horizon Town Center Nv LLC
Trustees Deed
related
$7,000,000 · Miscellaneous Ins Co
Nov 21, 2018
—
T Horizon Town Center Nv LLC
T Horizon Town Center Nv LLC
Quit Claim Deed
related
—
Nov 5, 2018
$10,300,000
T Horizon Town Center Nv LLC
Us Bk NA Series 2007-gg10
Grant Deed
$8,240,000 · Frost Bk
Mar 30, 2017
$5,550,000
Us Bank NA Series 2007-gg10 Tr
Nevada Title Co|horizon-larson-henderson LLC
Trustees Deed
related
—
Sep 22, 2014
—
Horizon-larson-henderson LLC
—
Loan Modification
related
$17,600,000 · Us Bank NA 2007-gg10 (ce)
Jan 12, 2012
—
Horizon-larson-henderson LLC
Bfahyu Horizon LLC
Quit Claim Deed
related
$17,600,000 · Goldman Sachs Com'l Mtg Cap
Mar 30, 2007
$23,100,000
Horizon-larson-henderson LLC
Bfahyu Horizon LLC
Trustees Deed
related
$17,600,000 · Goldman Sachs Com'l Mtg Cap
Aug 3, 2005
$23,000,000
Bfahyu Horizon LLC
Horizon Marketplace LLC
Grant Deed
related
—
—
—
Horizon-larson-henderson LLC
—
Loan Modification
related
$17,600,000 · Us Bank NA 2007-gg10 (ce)
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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