Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1636 Boulder Hwy Henderson, NV 89011-4122
    Back to Search
    Property profile & analytics

    1636 Boulder Hwy, Henderson, NV 89011-4122

    View on Map
    • Motels
    • 5,680 SF
    • 0.63 lot acres
    Off-Market
    Last Sale Aug 30, 2022
    $3,000,000
    Property ID
    US62-0055861
    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
    $2,750,000
    Show details
    Cap Rate Potential
    2.2%
    Motels
    Location Intelligence

    Current Use by Public Records

    • Ingles Motel / Hotel & Motel
    • LibertyX Bitcoin ATM / Atm / Currency Exchange Service

    Property Details for 1636 Boulder Hwy

    Year built
    1954
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.63 lot acres
    Property type
    Motels
    APN
    178-01-312-009
    APU
    17801312009

    Description

    This exceptional investment opportunity presents the Ingles Motel, a 27-unit property located at 1636 N Boulder Hwy, Henderson, NV 89011. Boasting 8,080 square feet on a 0.63-acre lot, this single-story motel underwent a complete renovation in 2021, featuring new paint, furniture, plumbing, electrical systems, doors, and windows. The property, built in 1954 and zoned for motel use, offers a compelling 11% capitalization rate with a Net Operating Income (NOI) of $467,500 and an asking price of $4,250,000 ($525.99/sq ft). The motel comprises a mix of one and two-bedroom units, generating income through daily and weekly rentals. An SBA appraisal valued the property at $4.6 million. The seller may consider financing options with a full-price offer, potentially carrying 5-10% of the purchase price. Financial details are available upon request. The motel benefits from a strong location within a growing neighborhood and enjoys low vacancy rates, making it an easily managed and highly profitable investment. This turnkey operation is ready for a new owner to continue its success.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,540,000
      ML approach
      $2,455,000

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $3,970,000
      RESTAURANT
      $3,610,000
      AUTO REPAIR, GARAGE
      $2,545,000
      NEIGHBORHOOD: SHOPPING CENTER
      $2,500,000
      OFFICE BUILDING
      $1,775,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Henderson
    County
    Clark
    State
    Nevada
    Longitude
    -115.006
    Latitude
    36.0615
    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
    $6,740
    $113,400
    $166,003
    $279,403
    -
    $324,000
    $474,294
    $798,294

    Comparable in this City

    • Value Estimation
      $510,000
      2,868 SF

      1735 Athol Ave

      MOTEL
      1735 Athol Ave, Henderson, NV 89011-4007
      View Details
    • Value Estimation by Request
      1.74 Acres

      1541 Boulder Hwy

      MOTEL
      1541 Boulder Hwy, Henderson, NV 89011-4131
      View Details
    • Value Estimation
      $1,045,000
      2,362 SF

      1936 Boulder Hwy

      MOTEL
      1936 Boulder Hwy, Henderson, NV 89011-4136
      View Details
    • Value Estimation by Request
      3,546 SF

      1700 Athol Ave

      MOTEL
      1700 Athol Ave, Henderson, NV 89011
      View Details
    • Value Estimation
      $2,400,000
      4,386 SF

      1104 Boulder Hwy

      MOTEL
      1104 Boulder Hwy, Henderson, NV 89011-5378
      View Details
    • Value Estimation
      $41,580,000
      370,491 SF

      101 Montelago Blvd

      HOTEL
      101 Montelago Blvd, Henderson, NV 89011-3203
      View Details

    Similar Nearby for Sale

    • $425,000
      0.49 Acres

      Corner Lot in Southshore Community

      Vacant corner lot in gated Southshore Community with mountain views.
      16 Placa Santa Maria Ct, Henderson, NV 89011
      View Details
    • $1,400,000
      0.53 Acres

      Waterfront Homesites at Lake Las Vegas

      Premier waterfront homesites in Southern Nevada's coveted destination.
      1453 Limestone Ter Ct, Henderson, NV 89011
      View Details
    • Contact for pricing
      230,990 SF

      Henderson Warehouse with Trailer Parking

      230,990 SF warehouse with trailer parking in Henderson, NV.
      505 W Warm Springs Rd, Henderson, NV 89011
      View Details
    • Contact for pricing
      24,748 SF

      Henderson Warehouse with Office Space

      27,748 SF warehouse with office in Henderson, Nevada.
      7490 Commercial Way, Henderson, NV 89011
      View Details
    • $5,589,360

      Henderson Industrial Flex Space Available

      Industrial flex space with office, warehouse, and mezzanine areas.
      7511 Eastgate Rd, Henderson, NV 89011
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Henderson Warehouse Unit For Rent

      1,600 SF warehouse unit with office and drive-in.
      628 Middlegate Rd, Henderson, NV 89011
      View Details
    • $1.47 SF/Yr

      Henderson Industrial Project with Freeway Visibility

      Multi-tenant industrial project with showroom space and freeway visibility.
      7565 Commercial Way, Henderson, NV 89011
      View Details
    • $1.05 SF/Yr

      Henderson Flex/Office & Warehouse Space

      Master-planned business park with flex, office, distribution, and warehouse space.
      451 Mirror Ct, Henderson, NV 89011
      View Details
    • Contact for pricing

      Henderson Warehouse Space Available

      Warehouse space available for rent in Henderson, Nevada.
      231 Sunpac Ave, Henderson, NV 89011
      View Details
    • Contact for pricing
      1,423 SF

      Industrial Space Available For Lease

      Industrial property featuring fire sprinklers and evaporative cooler.
      665 Middlegate Rd, Henderson, NV 89011
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1636 Boulder Hwy
    Henderson, NV 89011-4122
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1636 Boulder Hwy, Henderson, NV, 89011
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!