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Property profile & analytics
OFF-MARKET
Estimated value
$2,260,000
Strip malls
1475 Horizon Rdg Pkwy Henderson, NV 89012-4405
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US62-1080902
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2013
Construction
FRAME
Total area
6,207 SF
Lot
0.56 ac (24,394 SF)
APN
178-21-619-001
UPID
US62-1080902
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
-
Black Mountain Dental Dental Office
-
Glitz Nail Lounge Nail Salon
-
Dr. Heeyup Ghim Dental Office
-
Heeyup H Ghim Dental Office
-
Don Tortaco Mexican Grill #12 Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.34M
Comparable Approach
Comparable
$2.69M
Blend (final)
Blend
$2.26M
Owner & transaction history
1475 Horizon Ridge LLC · 1 yrs held
1475 Horizon Ridge LLC
since 2024
Last sale
$2.0M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.8M
+1.8%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,535,000
6.5%
$2,340,000
7%
$2,175,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$2,735,000
Current use
AUTO REPAIR, GARAGE
$2,780,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$2.26M
Range $2.03M – $2.49M · ±10% · vs last sale $2.00M (Oct 1 2024)
Last sale anchor
$2.00M
Oct 1 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
$364 / 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
$12,237
Tax year 2023
Assessed value
$472,532
Assessed 2024
Previous assessed
$432,948
+9.1% YoY
Effective rate
2.59%
On assessed value
Assessed land
$162,220
Assessed improvement
$310,312
Land market value
$463,486
Improvement market value
$886,606
Total market value
$1,350,092
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2013
Construction
FRAME
Heating
HEAT PUMP
Stories
1
Total area
6,207 SF
Lot
0.56 ac (24,394 SF)
APN
178-21-619-001
UPID
US62-1080902
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$2.7M
AUTO REPAIR, GARAGE
Est. value
$2.8M
NEIGHBORHOOD: SHOPPING CENTER Current
AUTO REPAIR, GARAGE
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
2013
Construction
FRAME
Heating
HEAT PUMP
Stories
1
Lot
0.56 ac
Current owner
From public records · entity-resolved
1475 Horizon Ridge LLC
Entity
Mailing address
501 S REINO RD STE I, NEWBURY PARK, CA 91320-4270
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
20 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 31, 2024
$2,000,000
1475 Horizon Ridge LLC
Billman 1475 LLC
Bargain & Sale Deed
—
Nov 8, 2023
—
Billman 1475 LLC
Billman Holdings LLC
Bargain And Sale Deed
—
Jan 14, 2015
$1,893,431
Billman Family Trust
Bcp 1475 W Horizon LLC
Bargain And Sale Deed
$1,297,100 · Mountain America FCU
Oct 15, 2012
—
Bcp-1475 W Horizon LLC
Bcp-1475 W Horizon LLC
Quit Claim Deed
related
—
Jul 10, 2012
—
Bcp-1475 W Horizon LLC
Bcp-1475 W Horizon LLC
Quit Claim Deed
related
—
Feb 15, 2011
$3,100,000
Bcp-1475 W Horizon LLC
Mba Vegas Holdings LLC
Grant Deed
$2,600,000 · Spring Management Co INC
Dec 3, 2010
—
Mba Vegas Holdings LLC
—
Deed Of Trust
related
$5,361,836 · Bixby Bridge Fund I LLC
Dec 1, 2010
$2,146,595
Mba Vegas Holdings LLC
Stewart Title Of Nv Holdings
Trustees Deed
related
—
Nov 24, 2010
$2,146,595
Mba Vegas Holdings LLC
Stewart Title Of Nv Holdings INC
Trustees Deed
related
—
Sep 11, 2007
—
Grande Horizon 2006 LLC
—
Grant Deed
related
$11,700,000 · Us Bank NA
Dec 15, 2006
—
Grande Horizon 2006 LLC
—
Trustees Deed
related
$9,375,972 · Silver State Bank
May 30, 2006
$2,500,000
Grande Horizon 2006 LLC
Horowitz Dan Trust
Grant Deed
$3,902,600 · Silver State Bank
Mar 22, 2004
$800,000
Horowitz,tr
Arroyo Ridge LLC
Grant Deed
—
Jun 13, 1997
$205,000
Arroyo Ridge LLC
Scheffler,larry & Helen
Grant Deed
—
Aug 3, 1990
$47,000
Harris Charles E
Unknown
Grant Deed
—
—
—
Grende Horizon 2006 LLC
—
Deed Of Trust
related
$1,560,000 · Usb Capital Funding INC
—
—
Bcp-1475 W Horizon LLC
—
Deed Of Trust
related
$2,000,000 · Mountain America Cu
—
—
Bcp-1475 W Horizon LLC
—
Deed Of Trust
related
$435,000 · Burhan Chinikhanwala
—
—
Grande Horizon 2006 LLC
—
Deed Of Trust
related
$73,192 · Silver State Bank
—
—
Bcp-1475 W Horizon LLC
—
Deed Of Trust
related
$3,661,000 · Mountain America Cu
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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