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Property profile & analytics
OFF-MARKET
Estimated value
$2,355,000
Strip malls
2220 Horizon Rdg Pkwy Henderson, NV 89052-2635
Entity Owned
8-yr Hold
Free & Clear
Property ID
US62-0156910
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2007
Construction
FRAME
Total area
7,296 SF
Lot
2.01 ac (87,556 SF)
APN
178-30-603-010
UPID
US62-0156910
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
-
AAA Henderson Horizon Ridge Auto Repair Center Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.75M
Comparable Approach
Comparable
$2.04M
Blend (final)
Blend
$2.36M
Owner & transaction history
Horizon Center LLC · 8 yrs held
Horizon Center LLC
since 2018
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$3.3M
+15.2%
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 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,980,000
6.5%
$2,750,000
7%
$2,555,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$2,840,000
Current use
AUTO REPAIR, GARAGE
$3,270,000
Change: +15% · Conversion: Difficult
OFFICE BUILDING
$2,455,000
Change: -13% · Conversion: Moderate
Blend value · Realmo final
$2.36M
Range $2.12M – $2.59M · ±10%
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
$323 / 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
$36,663
Tax year 2023
Assessed value
$1,459,769
Assessed 2024
Previous assessed
$1,277,825
+14.2% YoY
Effective rate
2.51%
On assessed value
Assessed land
$582,247
Assessed improvement
$877,522
Land market value
$1,663,563
Improvement market value
$2,507,206
Total market value
$4,170,769
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2007
Construction
FRAME
Heating
YES
Buildings
3
Stories
1
Total area
7,296 SF
Lot
2.01 ac (87,556 SF)
APN
178-30-603-010
UPID
US62-0156910
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$2.8M
AUTO REPAIR, GARAGE
Est. value
$3.3M
OFFICE BUILDING
Est. value
$2.5M
NEIGHBORHOOD: SHOPPING CENTER Current
AUTO REPAIR, GARAGE
OFFICE 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
2007
Construction
FRAME
Heating
YES
Stories
1
Buildings
3
Lot
2.01 ac
Current owner
From public records · entity-resolved
Horizon Center LLC
Entity
Free & Clear · 8 yrs held
Mailing address
11022 SANTA MONICA BLVD STE #280, LOS ANGELES, CA 90025-7531
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 27, 2020
—
Horizon Center LLC
—
Deed
related
$4,400,000 · Symetra Life Insurance Co
Jan 23, 2018
—
Horizon Center LLC
Sawtelle Properties LLC
Quit Claim Deed
related
—
Mar 24, 2015
$6,126,000
Sawtelle Properties LLC
Pereyra Living Trust
Grant Deed
$4,200,000 · Miscellaneous Ins Co
Dec 7, 2009
$3,100,000
Pereyra Living Trust
Nevada St Bk
Grant Deed
$2,480,000 · Meadows Bank
Nov 6, 2009
$3,221,679
Nevada St. Bk
Nevada Title Co
Trustees Deed
related
—
Dec 15, 2006
—
Horizon Green 2006 LLC
—
Trustees Deed
related
$5,100,000 · Silver State Bank
Jan 31, 2006
$2,000,000
Horizon Green 2006 LLC
Lewinter,shawn D
Grant Deed
$2,257,350 · Silver State Bank
Jan 10, 2005
$1,195,000
Shawn D Lewinter
Premier Trust INC
Grant Deed
—
Dec 30, 2004
—
Taylor Trust
Taylor,charlene B
Quit Claim Deed
related
—
Mar 4, 2004
—
Charlene B Taylor
Taylor Richard B Trust
Quit Claim Deed
related
—
Aug 12, 1998
$800,000
Taylor Trust
Nga 2 LLC
Grant Deed
—
Sep 9, 1996
$445,000
N G A #2 LLC
Batchley,richard & Arlene
Grant Deed
—
—
—
Nga #2 LLC
—
Deed Of Trust
related
$180,000 · American Bank Of Commerce
—
—
Horizon Center LLC
—
Deed Of Trust
related
$4,400,000 · First Symetra Nat'l Life Ins C
—
—
Horizon Green 2006 LLC
—
Deed Of Trust
related
$625,270 · Silver State Bank
—
—
Pereyra 1992 Living Trust
—
Deed Of Trust
related
$2,640,559 · Meadows Bank
—
—
Horizon Green 2006 LLC
—
Deed Of Trust
related
$5,875,000 · Nevada State Bank
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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