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

    1540 Sunset Rd Henderson, NV 89014-6847

    • Strip malls
    • 6,171 SF
    • 1.18 lot acres
    OFF-MARKET
    Last Sale
    Jun 09, 2021
    $4,900,000
    Value Estimations
    $5,050,000
    Show details
    Cap Rate Potential
    2.7%
    Strip malls
    Location Intelligence
    Property ID
    US62-0568724
    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

    • Las Pupusas Restaurant / Salvadoran Restaurant
    • Salvadorean Mexican Food / Mexican Restaurant
    • Jackson Hewitt Tax Service / Tax Preparation / Tax Consultant
    • PT's Gold / American Restaurant / Bar
    • Visionary Barbershop / Barber Shop

    Property Details for 1540 Sunset Rd

    Year built
    2016
    Construction
    FRAME
    Lot size
    1.18 lot acres
    Property size
    6,171 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    178-04-613-002
    APU
    17804613002

    Description

    This exceptional retail opportunity is located within the Galleria Marketplace, a vibrant shopping center in Henderson, Nevada. The property offers a 1,246 square foot end-cap space, ideal for a variety of retail uses. This second-generation space benefits from excellent visibility and accessibility, boasting frontage on Sunset Road near Whitney Ranch Parkway. The entire building encompasses 10,797 square feet and is comprised of five suites in total. The available space is immediately ready for occupancy. The property sits on a 1.18-acre lot and is zoned CC by the City of Henderson. The property's APN is 178-04-613-002. Pylon signage is available for increased brand visibility, enhancing the marketing potential for the tenant. The building was constructed in 2999 (Note: Year Built may be inaccurate). This location is part of the Galleria submarket, offering strong potential for business growth. The minimum divisible space is 1,246 square feet, and the maximum contiguous space available is also 1,246 square feet. This presents a unique opportunity for a business seeking a high-traffic location with excellent visibility and signage opportunities. Don't miss this chance to establish your business in a thriving Henderson retail center.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $5,585,000
      ML approach
      $5,460,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,398,000
      Market price range: $1.68M - $4.40M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $5,895,000
      MEDICAL BUILDING
      $4,315,000
      RESTAURANT
      $3,925,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Henderson
    County
    Clark
    State
    Nevada
    Longitude
    -115.052
    Latitude
    36.0642
    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
    $18,410
    $517,223
    $680,035
    $1,197,258
    -
    $1,477,780
    $1,942,957
    $3,420,737

    Comparable in this City

    • Value Estimation
      $8,845,000
      18,994 SF

      1381 Sunset Rd

      SHOPPING CENTER, STRIP CENTER • 18,994 SF
      1381 Sunset Rd, Henderson, NV 89014-8628
      View Details
    • Value Estimation
      $3,465,000
      11,900 SF

      565 Marks St

      SHOPPING CENTER, STRIP CENTER • 11,900 SF
      565 Marks St, Henderson, NV 89014-8633
      View Details
    • Value Estimation
      $4,420,000
      23,592 SF

      4011 Sunset Rd

      SHOPPING CENTER, STRIP CENTER • 23,592 SF
      4011 Sunset Rd, Henderson, NV 89014-0215
      View Details
    • Value Estimation
      $1,705,000
      7,124 SF

      151 Gibson Rd

      SHOPPING CENTER, STRIP CENTER • 7,124 SF
      151 Gibson Rd, Henderson, NV 89014-6802
      View Details
    • Value Estimation
      $4,715,000
      18,180 SF

      1100 Warm Spgs Rd

      SHOPPING CENTER, STRIP CENTER • 18,180 SF
      1100 Warm Spgs Rd, Henderson, NV 89014-8096
      View Details
    • Value Estimation
      $3,810,000
      15,684 SF

      1100 Warm Spgs Rd

      SHOPPING CENTER, STRIP CENTER • 15,684 SF
      1100 Warm Spgs Rd, Henderson, NV 89014-8096
      View Details

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      Henderson Office Building For Sale

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    Similar Nearby for Lease

    • $3 SF/Yr
      1,567 SF

      Retail Space in Power Center

      Street-front retail space in Walmart-anchored power center.
      560 Marks St, Henderson, NV 89014
      View Details
    • $2.00 SF/Yr
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      Retail Space in Sunset Center

      Retail space in a busy Green Valley retail corridor.
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      View Details
    • $18 SF/Yr
      407,826 SF

      Sunmark Plaza Retail Space

      Henderson, NV retail space available.
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      View Details
    • $1.45 SF/Yr
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      Henderson Retail Strip Center

      Three spaces available, 660-1920 sq ft
      1651 Warm Springs Rd, Henderson, NV 89014
      View Details
    • Contact for pricing
      2,328 SF

      Henderson Shopping Center Retail Space

      Retail space in high-profile Henderson shopping center with national co-tenancy.
      550 N Stephanie St, Henderson, NV 89014
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    • Contact for pricing
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      Retail Space Near Galleria Mall

      Retail space in major power center with high visibility.
      609-673 N Stephanie St, Henderson, NV 89014
      View Details
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    1540 Sunset Rd
    Henderson, NV 89014-6847
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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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