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Property profile & analytics
OFF-MARKET
Estimated value
$2,477,670,000
High-rise multifamily apartments
1480 Paseo Verde Pkwy Henderson, NV 89012-6500
Entity Owned
7-yr Hold
Free & Clear
Property ID
US62-0764200
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
2017
Construction
FRAME
Total area
222,167 SF
Lot
6.99 ac (304,484 SF)
APN
178-21-501-016
UPID
US62-0764200
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
-
Lovelady Brewing Company Bar & Pub
-
Nikita Alexa Gym & Fitness Center Spa & Massage Center
-
Imagine Apartments Aspire at Paseo Apartment Building Apartment Complex
-
Aspire at Paseo Apartment Complex Apartment Rental Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.14B
Blend (final)
Blend
$2.48B
Owner & transaction history
Stephanie Paseo Apts LLC · 7 yrs held
Stephanie Paseo Apts LLC
since 2018
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
Blend value · Realmo final
$2.48B
Range $2.23B – $2.73B · ±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
$11,152 / 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
$387,305
Tax year 2023
Assessed value
$14,428,084
Assessed 2024
Previous assessed
$13,775,315
+4.7% YoY
Effective rate
2.68%
On assessed value
Assessed land
$1,842,750
Assessed improvement
$12,585,334
Land market value
$5,265,000
Improvement market value
$35,958,097
Total market value
$41,223,097
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
2017
Construction
FRAME
Heating
YES
Stories
4
Units
195
Total area
222,167 SF
Lot
6.99 ac (304,484 SF)
APN
178-21-501-016
UPID
US62-0764200
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
Building & site characteristics
From public records
Year built
2017
Construction
FRAME
Heating
YES
Stories
4
Units
195
Lot
6.99 ac
Current owner
From public records · entity-resolved
Stephanie Paseo Apts LLC
Entity
Free & Clear · 7 yrs held
Mailing address
6021 S FT APACHE RD STE #100, LAS VEGAS, NV 89148-5562
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 9, 2022
—
Stephanie Paseo Apts LLC
—
Deed
related
$45,500,000 · Great West Life & Annuity Insurance Co
Nov 29, 2018
$4,600,000
Stephanie Paseo Apts LLC
Thunder Road Dev LLC
Grant Deed
—
Nov 29, 2018
—
Stephanie Paseo Apts LLC
—
Deed
related
—
Dec 15, 2017
—
Stephanie Paseo Apts LLC
—
Grant Deed
related
$33,000,000 · Miscellaneous Ins Co
Jun 4, 2014
$2,478,000
Stephanie Paseo Apts LLC
Redus Nevada LLC
Grant Deed
—
Sep 7, 2010
$1,000,000
Redus Nevada LLC
Stewart Title Of Nv Holdings
Trustees Deed
—
—
—
Stephanie Paseo Apts LLC
—
Loan Modification
related
—
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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