Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    1701 Whitney Mesa Dr Henderson, NV 89014-2058

    • Office buildings
    • 42,988 SF
    • 5.07 lot acres
    OFF-MARKET
    Last Sale
    Jul 22, 2020
    Value Estimations
    $1,185,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US62-0368705
    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

    • P & D Joint Committee / Labor Union
    • Southern Nv Building & Construction / Labor Union
    • Painters Joint Apprenticeship / Labor Union
    • Glaziers Local Union 2001 / Labor Union
    • My Dream & Union Hall / Event Venue

    Property Details for 1701 Whitney Mesa Dr

    Year built
    1999
    Construction
    FRAME
    Lot size
    5.07 lot acres
    Property size
    42,988 SF
    Property type
    Office buildings
    APN
    161-32-701-003
    APU
    16132701003

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $1,185,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Henderson
    County
    Clark
    State
    Nevada
    Longitude
    -115.069
    Latitude
    36.0772
    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
    $69,851
    $772,972
    $1,712,115
    $2,485,087
    -
    $2,208,491
    $4,891,757
    $7,100,248

    Comparable in this City

    • Value Estimation
      $1,075,000
      31,579 SF

      2625 Grn Vly Pkwy

      OFFICE BUILDING • 31,579 SF
      2625 Grn Vly Pkwy, Henderson, NV 89014-0271
      View Details
    • Value Estimation
      $3,260,000
      7,255 SF

      709 Valle Verde Ct

      OFFICE BUILDING • 7,255 SF
      709 Valle Verde Ct, Henderson, NV 89014-2331
      View Details
    • Value Estimation
      $515,000
      10,136 SF

      601 Whitney Rnch Dr

      OFFICE BUILDING • 10,136 SF
      601 Whitney Rnch Dr, Henderson, NV 89014-2642
      View Details
    • Value Estimation
      $365,000
      3,369 SF

      1055 Whitney Rnch Dr

      OFFICE BUILDING • 3,369 SF
      1055 Whitney Rnch Dr, Henderson, NV 89014-2519
      View Details
    • Value Estimation
      $2,165,000
      8,349 SF

      375 Stephanie St, Unit 12

      OFFICE BUILDING • 8,349 SF
      375 Stephanie St, Henderson, NV 89014-8771
      View Details
    • Value Estimation
      $350,000
      5,589 SF

      375 Stephanie St, Unit 2

      OFFICE BUILDING • 5,589 SF
      375 Stephanie St, Henderson, NV 89014-8771
      View Details

    Similar Nearby for Sale

    • $2,450,000
      8,751 SF

      Henderson Office Building For Sale

      8,751 SF office building available in Henderson, Nevada.
      3-5 Longevity Dr, Henderson, NV 89014
      View Details
    • $3,700,000
      23,483 SF

      Henderson Office Complex: Prime Investment

      High-yield office complex, 9 tenants, 7.75% cap rate.
      2920 Green Valley Pkwy, Henderson, NV 89014
      View Details
    • $3,500,000
      12,000 SF

      Sunset Ridge Plaza: Investment Opportunity

      Henderson, NV Office Building - 12,000 SF
      2920 Green Valley Pkwy, Henderson, NV 89014
      View Details
    • $2,200,000
      8,751 SF

      Henderson Creative Office Building

      8,751 SF Flex Space, $2.2M
      5 Longevity Dr, Henderson, NV 89014
      View Details
    • $1,983,380
      6,398 SF

      Henderson Warehouse Space For Sale

      6,398 SF warehouse space available in Henderson, Nevada.
      179 N Gibson Rd, Henderson, NV 89014
      View Details
    • $345,000
      1,234 SF

      Green Valley Townhome with Amenities

      Two-bedroom townhome in gated community with pool and clubhouse.
      1607 Box Step Dr, Henderson, NV 89014
      View Details

    Similar Nearby for Lease

    • $2.00 SF/Yr
      37,096 SF

      Henderson Medical Office Space Available

      Two-story medical office building in established Henderson community.
      6301 S Mountain Vista St, Henderson, NV 89014
      View Details
    • $12 SF/Yr
      12,000 SF

      Henderson Mixed-Use Investment Opportunity

      Gaming Bar, Office Space Available
      2920 Green Valley Pkwy, Henderson, NV 89014
      View Details
    • $12 SF/Yr
      5,961 SF

      Henderson Office Complex

      Prime Henderson Office Space Available
      2920 Green Valley Pkwy, Henderson, NV 89014
      View Details
    • $1.40 SF/Yr
      1,660 SF

      Henderson Office Space For Rent

      Single-story office complex with upgraded landscaping and convenient location.
      2551 N Green Valley Pkwy, Henderson, NV 89014
      View Details
    • $21 SF/Yr
      2,425 SF

      Office Space in Henderson

      Office space available for lease in Henderson, Nevada.
      1389 Galleria Dr, Henderson, NV 89014
      View Details
    • $24 SF/Yr
      3,544 SF

      Gibson Center Medical Office Space

      Move-in ready medical office suites.
      171 Gibson Rd, Henderson, NV 89014
      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.
    1701 Whitney Mesa Dr
    Henderson, NV 89014-2058
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.