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Property profile & analytics
OFF-MARKET
Estimated value
$1,340,000
Office buildings
2471 Horizon Rdg Pkwy Henderson, NV 89052-2716
Individually Owned
3-yr Hold
Free & Clear
Property ID
US62-0040704
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2004
Construction
FRAME
Total area
4,750 SF
Lot
0.31 ac (13,504 SF)
APN
178-30-317-017
UPID
US62-0040704
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
-
Alliance Credit Restoration Financial Advisor
-
Billie Williams Real Estate Agency
-
Cardinal Home Health Care Home Health Care Service
-
Las Vegas Real Estate - Randy Roach Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.44M
CAP Approach
CAP
$1.16M
Comparable Approach
Comparable
$1.42M
Blend (final)
Blend
$1.34M
Owner & transaction history
Sookwe Shin · 3 yrs held
Sookwe Shin
since 2023
Last sale
$1.3M
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.1M
+33.1%
Neighborhood: shopping center
$1.9M
+15.6%
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
$1,425,000
ML approach
$1,435,000
CAP Approach
CAP Return
Estimation
6%
$1,255,000
6.5%
$1,160,000
7%
$1,075,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,600,000
Current use
AUTO REPAIR, GARAGE
$2,130,000
Change: +33% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,850,000
Change: +16% · Conversion: Difficult
RETAIL STORES
$1,310,000
Change: -18% · Conversion: Moderate
Blend value · Realmo final
$1.34M
Range $1.21M – $1.47M · ±10% · vs last sale $1.30M (May 16 2023)
Last sale anchor
$1.30M
May 16 2023
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
$282 / 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
$6,899
Tax year 2023
Assessed value
$249,583
Assessed 2024
Previous assessed
$233,006
+7.1% YoY
Effective rate
2.76%
On assessed value
Assessed land
$89,802
Assessed improvement
$159,781
Land market value
$256,577
Improvement market value
$456,517
Total market value
$713,094
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2004
Construction
FRAME
Heating
HEAT PUMP
Stories
1
Total area
4,750 SF
Lot
0.31 ac (13,504 SF)
APN
178-30-317-017
UPID
US62-0040704
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
OFFICE BUILDING Current
Est. value
$1.6M
AUTO REPAIR, GARAGE
Est. value
$2.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.9M
RETAIL STORES
Est. value
$1.3M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
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
HEAT PUMP
Stories
1
Lot
0.31 ac
Current owner
From public records · entity-resolved
Sookwe Shin
Individual
Free & Clear · 3 yrs held
Mailing address
2807 CANDELARIA DR, HENDERSON, NV 89074-6451
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 16, 2023
—
Sookwe Shin
Sookwe Shin
Intrafamily Transfer
related
—
Aug 1, 2014
$1,300,000
Sookwe Shin
Carnegie Properties LLC
Bargain And Sale Deed
$650,000 · East West Bank
Aug 1, 2014
—
Sookwe Shin
Yoon,gideon E
Quit Claim Deed
related
—
Nov 9, 2006
$1,100,000
Carnegie Properties LLC
Horizon M D LLC
Grant Deed
$1,150,000 · Bank Of Nevada
May 28, 2004
$370,000
Horizon Md LLC
Horizon Ridge Common INC
Grant Deed
related
—
—
—
Horizon Md LLC
—
Deed Of Trust
related
$300,000 · Larson Family Trust
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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