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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1426 Lake Mead Pkwy Henderson, NV 89015

    • Turn key restaurants
    • 1,533 SF
    • 0.83 lot acres
    For Sale
    View listing
    $1,500,000
    Last Sale
    Nov 24, 2020
    $816,921
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US62-0243245
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Sonic Drive-In / Restaurant / Take-out & Catering

    Property Details for 1426 Lake Mead Pkwy

    Year built
    2008
    Construction
    FRAME
    Lot size
    0.83 lot acres
    Property size
    1,533 SF
    Property type
    Turn key restaurants
    APN
    160-33-411-010
    APU
    16033411010

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $825,000
      ML approach
      $810,000

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $975,000
      Current use
      MEDICAL BUILDING
      $1,070,000
      Change: +10% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Henderson
    County
    Clark
    State
    Nevada
    Longitude
    -114.954
    Latitude
    36.0727
    CBSA code
    29820
    CBSA name
    LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $8,120
    $113,888
    $203,121
    $317,009
    -
    $325,394
    $580,346
    $905,740

    Comparable in this City

    • Value Estimation by Request
      1,675 SF

      340 Boulder Hwy

      RESTAURANT • 1,675 SF
      340 Boulder Hwy, Henderson, NV 89015-5306
      View Details
    • Value Estimation by Request
      2,981 SF

      603 Lk Mead Pkwy

      RESTAURANT • 2,981 SF
      603 Lk Mead Pkwy, Henderson, NV 89015-7017
      View Details
    • Value Estimation
      $535,000
      2,793 SF

      869 Boulder Hwy

      RESTAURANT • 2,793 SF
      869 Boulder Hwy, Henderson, NV 89015-8158
      View Details
    • Value Estimation by Request
      3,289 SF

      290 Boulder Hwy

      RESTAURANT • 3,289 SF
      290 Boulder Hwy, Henderson, NV 89015-7504
      View Details
    • Value Estimation
      $2,080,000
      2,212 SF

      150 Boulder Hwy

      RESTAURANT • 2,212 SF
      150 Boulder Hwy, Henderson, NV 89015-5308
      View Details
    • Value Estimation by Request
      3,210 SF

      312 Boulder Hwy

      RESTAURANT • 3,210 SF
      312 Boulder Hwy, Henderson, NV 89015
      View Details

    Similar Nearby for Sale

    • $1,500,000
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      Former Sonic - East Lake Mead Parkway

      Restaurants • 1,533 SF
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    • $2,105,000
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      Established Coffee Shop Investment Opportunity

      Corporate guaranteed coffee shop with over 11 years remaining.
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    • $18,079,000
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      119,748 SF retail showroom on 8.62 acres for sale.
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    • $1,636,364
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      Boulder Highway Retail NNN Lease

      Retail property with a new 15-year absolute triple net lease.
      1461 S Boulder Hwy, Henderson, NV 89015
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    • $9,900,000
      19,670 SF

      Henderson Shopping Center For Sale

      Fully occupied shopping center in Henderson, Nevada, anchored by Albertsons.
      170-190 N Boulder Hwy, Henderson, NV 89015
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    • $230,000
      0.69 Acres

      Residential Land in Henderson, Nevada

      Land with mountain views, suitable for custom home development.
      Parawan St, Henderson, NV 89015
      View Details

    Similar Nearby for Lease

    • $3 SF/Yr
      3,889 SF

      Upscale Retail Center Space Available

      Retail suites available in growing Henderson location.
      1473 E Lake Mead Pkwy, Henderson, NV 89015
      View Details
    • $3 SF/Yr
      4,279 SF

      Upscale Retail Center Space Available

      Retail and restaurant spaces available in growing Henderson area.
      1465 E Lake Mead Pkwy, Henderson, NV 89015
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    • $3 SF/Yr
      2,510 SF

      Retail Center Near Growing Communities

      Upscale retail spaces available near Cadence and Lake Las Vegas.
      1461 E Lake Mead Pkwy, Henderson, NV 89015
      View Details
    • $3 SF/Yr
      1,171 SF

      Retail Space Near Growing Communities

      Upscale retail center with tenant improvements available near new housing.
      1469 E Lake Mead Pkwy, Henderson, NV 89015
      View Details
    • Contact for pricing
      38,167 SF

      Boulder Marketplace Anchor Space

      Henderson, NV Retail Anchor Opportunity
      716 Boulder Hwy, Henderson, NV 89015
      View Details
    • Contact for pricing
      1,500 SF

      Henderson Retail Pad - Prime Location

      High-traffic retail pad, strong tenant mix.
      771 Horizon Dr, Henderson, NV 89015
      View Details
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    1426 Lake Mead Pkwy
    Henderson, NV 89015
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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