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Property profile & analytics
FOR LEASE
Turn key restaurants
221 N Stephanie St Henderson, NV 89074
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US62-0497982
For Lease
1 / 3
$4,200,000
221 N Stephanie St, Henderson, NV 89074
View Listing →
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2004
Construction
FRAME
Total area
4,380 SF
Lot
0.8 ac (34,848 SF)
APN
178-09-811-004
UPID
US62-0497982
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
-
SkinnyFATS Restaurant
-
Hog & Tradition Restaurant
-
Medicare Supplement Las Vegas, NV Community Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.92M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.78M
Blend (final)
Blend
$4.20M
Owner & transaction history
Gpl2 Investment LLC · 4 yrs held
Gpl2 Investment LLC
since 2022
Last sale
$4.5M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$4.2M
+50.2%
Medical building
$3.1M
+10.0%
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 Henderson submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Henderson 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
$3,990,000
ML approach
$3,920,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$2,785,000
Current use
COMMERCIAL (GENERAL)
$4,185,000
Change: +50% · Conversion: Easy
MEDICAL BUILDING
$3,065,000
Change: +10% · Conversion: Difficult
Blend value · Realmo final
$4.20M
Range $3.78M – $4.62M · ±10% · vs last sale $4.45M (Jun 14 2022)
Last sale anchor
$4.45M
Jun 14 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
$959 / 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
$14,181
Tax year 2023
Assessed value
$595,996
Assessed 2024
Previous assessed
$548,840
+8.6% YoY
Effective rate
2.38%
On assessed value
Assessed land
$219,542
Assessed improvement
$376,454
Land market value
$627,263
Improvement market value
$1,075,583
Total market value
$1,702,846
Applied tax rate
505.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
For Lease
Year built
2004
Construction
FRAME
Heating
YES
Cooling
YES
Stories
1
Total area
4,380 SF
Lot
0.8 ac (34,848 SF)
APN
178-09-811-004
UPID
US62-0497982
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
RESTAURANT Current
Est. value
$2.8M
COMMERCIAL (GENERAL)
Est. value
$4.2M
MEDICAL BUILDING
Est. value
$3.1M
RESTAURANT Current
COMMERCIAL (GENERAL)
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
2004
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Lot
0.8 ac
Current owner
From public records · entity-resolved
Gpl2 Investment LLC
Entity
Mailing address
2429 1ST ST #1, PASADENA, CA 91107-5291
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 14, 2022
$4,450,000
Gpl2 Investment LLC
221 N Stephanie St LLC
Bargain And Sale Deed
$2,100,000 · Symetra Life Insurance Co
Aug 13, 2019
$3,200,000
221 N Stephanie St LLC
A & A II LLC
Grant Deed
$2,100,000 · Miscellaneous Ins Co
Jun 29, 2017
$1,240,000
A&a II LLC
Bank Of Nevada
Bargain And Sale Deed
$868,000 · Western Alliance Bank
May 29, 2009
$2,100,000
Bank Of Nv
Stephanie Pad C Partners LLC
Grant Deed
—
May 9, 2003
—
Stephanie Pad C Partners LLC
Stephanie Partners LLC
Quit Claim Deed
related
$990,000 · Bank Of Nevada
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.
Try Rey
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