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Property profile & analytics
OFF-MARKET
Estimated value
$585,000
Warehouses
1632 Foothill Dr Boulder City, NV 89005-1902
Individually Owned
3-yr Hold
Free & Clear
Property ID
US62-0940897
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1973
Construction
STEEL FRAME
Total area
2,500 SF
Lot
0.11 ac (4,792 SF)
APN
186-08-219-023
UPID
US62-0940897
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
-
armstrong exhibits General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$575k
CAP Approach
CAP
$360k
Comparable Approach
Comparable
$455k
Blend (final)
Blend
$585k
Owner & transaction history
Douglas A Christensen · 3 yrs held
Douglas A Christensen
since 2022
Last sale
$675,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$810,000
+88.0%
Office building
$750,000
+73.8%
Medical building
$720,000
+67.2%
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 Boulder City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Boulder City 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
$555,000
ML approach
$575,000
CAP Approach
CAP Return
Estimation
6%
$390,000
6.5%
$360,000
7%
$335,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$430,000
Current use
RETAIL STORES
$810,000
Change: +88% · Conversion: Moderate
OFFICE BUILDING
$750,000
Change: +74% · Conversion: Difficult
MEDICAL BUILDING
$720,000
Change: +67% · Conversion: Difficult
Blend value · Realmo final
$585k
Range $527k – $644k · ±10% · vs last sale $675k (Sep 29 2022)
Last sale anchor
$675k
Sep 29 2022
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
$234 / 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
$1,185
Tax year 2023
Assessed value
$60,053
Assessed 2024
Previous assessed
$53,642
+12.0% YoY
Effective rate
1.97%
On assessed value
Assessed land
$28,506
Assessed improvement
$31,547
Land market value
$81,446
Improvement market value
$90,134
Total market value
$171,580
Applied tax rate
58.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1973
Construction
STEEL FRAME
Heating
NONE
Cooling
EVAPORATIVE
Stories
1
Total area
2,500 SF
Lot
0.11 ac (4,792 SF)
APN
186-08-219-023
UPID
US62-0940897
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
WAREHOUSE, STORAGE Current
Est. value
$430,000
RETAIL STORES
Est. value
$810,000
OFFICE BUILDING
Est. value
$750,000
MEDICAL BUILDING
Est. value
$720,000
WAREHOUSE, STORAGE Current
RETAIL STORES
OFFICE BUILDING
MEDICAL BUILDING
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
1973
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.11 ac
Current owner
From public records · entity-resolved
Douglas A Christensen
Individual
Free & Clear · 3 yrs held
Mailing address
1051 OLSEN ST STE #4011, HENDERSON, NV 89011-3162
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 29, 2022
$675,000
Douglas A Christensen
Oriel T Wanigasekera
Bargain And Sale Deed
—
Sep 29, 2022
—
Douglas A Christensen
Melissa Maria Navarro
Intrafamily Transfer
related
—
Jun 6, 2018
—
Jenai,anthony C Spendthrift Trust
Oriel T JR
Quit Claim Deed
related
—
Jan 25, 2018
—
Oriel T Wanigasekera
Oriel T Wanigasckera
Bargain And Sale Deed
$195,000 · Boulder Dam Cu
May 5, 2014
—
Jenai,anthony C Trust
Wanigasekera,mendy
Quit Claim Deed
related
—
Mar 8, 2013
—
Mendy Wanigasekera
Wanigasekera,oriel T
Quit Claim Deed
related
—
Jan 29, 2013
$650,000
Mendy Wanigasekera
City Natl Bk
Grant Deed
—
Jan 29, 2013
—
Mendy Wanigasekera
Wanigasekera,oriel T
Quit Claim Deed
related
—
Jul 20, 2012
$1,478,978
City Natl Bk
Stewart Default Services
Trustees Deed
related
—
Dec 28, 2009
—
Hgh Investments LLC
—
Deed Of Trust
related
$3,179,270 · Nevada Commerce Bank
Sep 21, 2005
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
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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