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    150 Cassia Way Henderson, NV 89014

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    150 Cassia Way Henderson, NV 89014

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    • Warehouses
    • 132,640 SF
    • 11.52 lot acres
    For Lease
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    Henderson Distribution Center For Rent For Lease
    Contact for pricing

    Henderson Distribution Center For Rent

    Distribution center in the Henderson industrial submarket, great location.

    150 Cassia Way, Henderson, NV 89014
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    Property ID
    US62-0428893
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Turf Distributors / Big Box & Wholesale Store / (Bike/Boat/Book/etc) Store
    • New Wave Enviro / Business To Business Service
    • JDA Global LLC / Building Supply
    • Biltright Turf / Big Box & Wholesale Store / (Bike/Boat/Book/etc) Store

    Property Details for 150 Cassia Way

    Year built
    1997
    Construction
    CONCRETE
    Lot size
    11.52 lot acres
    Property size
    132,640 SF
    Property type
    Warehouses
    APN
    178-14-111-031
    APU
    17814111031

    Description

    Black Mountain Industrial Park, located at 150 Cassia Way, Henderson, NV 89014, offers a significant industrial warehouse opportunity. This multi-tenant building, constructed in 1997, boasts a total of 72,000 square feet, with 21,600 square feet currently available for lease. The available space is part of a larger 72,000 square foot building. The warehouse features desirable specifications including a 24-foot clear ceiling height, providing ample vertical storage capacity. Loading is facilitated by five loading docks and one drive-in door, ensuring efficient goods movement. The property is equipped with evaporative cooling for climate control and ESFR fire sprinklers for enhanced safety. Abundant parking is available for employees and visitors. The building is zoned I-G, reflecting its suitability for industrial uses. Natural light is enhanced by strategically placed skylights. This prime location in the Henderson submarket offers excellent access to major transportation routes and a thriving business community. The property presents a compelling opportunity for businesses seeking modern, well-equipped warehouse space in a strategic Nevada location. One available space is 14,400 square feet.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Henderson
    County
    Clark
    State
    Nevada
    Longitude
    -115.025
    Latitude
    36.039
    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
    $112,992
    $2,335,930
    $3,759,307
    $6,095,237
    -
    $6,674,086
    $10,740,877
    $17,414,963

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      1975 Whitney Mesa Dr

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      17,990 SF

      Henderson Retail Space For Sale

      Retail space available in Henderson, Nevada, totaling 17,990 SqFt.
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    Similar Nearby for Lease

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      Retail Space in Busy Center

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      7,680 SF

      AmPac Industrial Park Sublease

      7,680 SF suite in excellent condition for sublease.
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      Henderson Industrial Warehouse/Office Space

      Industrial warehouse and office spaces available for lease in Henderson.
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      14,690 SF

      Henderson Warehouse Space Available

      14,690 SF warehouse space available in July 2025.
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    • Sponsored
      Contact for pricing

      NV, Henderson - Mountain Vista St

      Workspaces, services and support to help you work better in IL, Vernon Hills - Atrium Dr
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    150 Cassia Way
    Henderson, NV 89014
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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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