Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    1951 Ramrod Ave Henderson, NV 89014-2400
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1951 Ramrod Ave Henderson, NV 89014-2400

    View on Map
    • Office buildings
    • 16,960 SF
    • 2.11 lot acres
    Off-Market
    Property ID
    US62-0447119
    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
    $4,770,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Coram Healthcare / Home Health Care Service / Pharmacy
    • John L. Bowie, PharmD / Pharmacy
    • AW Collision of Henderson / Auto Repair Shop
    • Coram CVS/specialty Infusion Services / Medical Clinic
    • All-Star Pool Co / General Contractor

    Property Details for 1951 Ramrod Ave

    Year built
    1987
    Construction
    STEEL FRAME
    Lot size
    2.11 lot acres
    Property size
    16,960 SF
    Property type
    Office buildings
    APN
    161-32-701-010
    APU
    16132701010

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $4,950,000
      6.5%
      $4,565,000
      7%
      $4,240,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $6,114,000
      Market price range: $3.85M - $6.11M
      AI Estimate
      $3,621,000
      Market price range: $757k - $4.28M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $4,910,000
      Current use
      AUTO REPAIR, GARAGE
      $7,600,000
      Change: +55% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $7,470,000
      Change: +52% Conversion: Difficult
      RETAIL STORES
      $4,670,000
      Change: -5% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Henderson
    County
    Clark
    State
    Nevada
    Longitude
    -115.072
    Latitude
    36.0758
    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
    $33,498
    $386,030
    $904,035
    $1,290,065
    -
    $1,102,943
    $2,582,957
    $3,685,900

    Comparable in this City

    • Value Estimation
      $42,825,000
      145,652 SF

      400 Stephanie St, Unit 415

      OFFICE BUILDING • 145,652 SF
      400 Stephanie St, Henderson, NV 89014-6676
      View Details
    • Value Estimation
      $10,720,000
      42,988 SF

      1701 Whitney Mesa Dr

      OFFICE BUILDING • 42,988 SF
      1701 Whitney Mesa Dr, Henderson, NV 89014-2058
      View Details
    • Value Estimation by Request
      1,514 SF

      1546 Warm Spgs Rd Ste, Unit 120

      OFFICE BUILDING • 1,514 SF
      1546 Warm Spgs Rd Ste, Henderson, NV 89014-4326
      View Details
    • Value Estimation
      $710,000
      2,795 SF

      375 Stephanie St, Unit 15

      OFFICE BUILDING • 2,795 SF
      375 Stephanie St, Henderson, NV 89014-8771
      View Details
    • Value Estimation
      $1,075,000
      5,589 SF

      375 Stephanie St, Unit 16

      OFFICE BUILDING • 5,589 SF
      375 Stephanie St, Henderson, NV 89014-8771
      View Details
    • Value Estimation
      $1,080,000
      5,589 SF

      375 Stephanie St, Unit 23

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

    Similar Nearby for Sale

    • Contact for pricing
      8,751 SF

      Tech-Appeal Flex Building For Sale

      Freestanding industrial building converted into tech company office and training space.
      5 Longevity Dr, Henderson, NV 89014
      View Details
    • $2,595,000
      8,826 SF

      Whitney Ranch High-Visibility Commercial Building

      Premier 8,826 SF owner-user opportunity in Henderson, Nevada.
      1001 Whitney Ranch Dr, Henderson, NV 89014
      View Details
    • Contact for pricing
      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
    • Contact for pricing
      23,483 SF

      Henderson Office Building For Sale

      Office building with 23,483 square feet available for sale.
      2920 N 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
    • Contact for pricing
      14,091 SF

      Henderson Warehouse Near I-95

      Warehouse in Henderson, NV, with easy access to I-95.
      1850 Whitney Mesa Dr, Henderson, NV 89014
      View Details

    Similar Nearby for Lease

    • $1.20 SF/Yr

      Henderson Office Complex For Rent

      Single-story office complex with ample parking and convenient location.
      2625 N Green Valley Pkwy, Henderson, NV 89014
      View Details
    • Contact for pricing
      2,000 SF

      Henderson Office Space For Rent

      High-profile office complex with park-like setting and convenient highway access.
      1485 W Warm Springs Rd, Henderson, NV 89014
      View Details
    • $3 SF/Yr
      35,878 SF

      Henderson Retail End-Cap Suite

      10,018 SF retail space near Galleria at Sunset.
      601 Mall Ring Cir, Henderson, NV 89014
      View Details
    • $0.60 SF/Yr
      8,413 SF

      Henderson Industrial Warehouse/Office Space

      Industrial warehouse/office space in Henderson with easy highway access.
      975 American Pacific Dr, Henderson, NV 89014
      View Details
    • Sponsored
      Contact for pricing

      NV, Henderson - Mountain Vista St

      Workspaces, services and support to help you work better in IL, Vernon Hills - Atrium Dr
      6301 Mountain Vista St, Henderson, NV 89014
      View Details
    • Contact for pricing

      Conveniently Located Henderson Office Complex

      Single-story office complex with upgraded landscaping and ample parking.
      2501-2651 N Green Valley Pkwy, 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.
    1951 Ramrod Ave
    Henderson, NV 89014-2400
    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.
    Sign Up Successful!
    You now have access to more from Realmo!