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Property profile & analytics
OFF-MARKET
Estimated value
$530,000
Office buildings
250 Horizon Dr 100 Henderson, NV 89015-8059
Entity Owned
15-yr Hold
~
Est. High Equity
Property ID
US62-0198978
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1974
Construction
FRAME
Total area
2,288 SF
Lot
0.49 ac (21,344 SF)
APN
179-19-808-005
UPID
US62-0198978
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
-
Natural Health Sciences of Arizona Alternative Medicine Practice
-
Kent L. Marshall, DC Alternative Medicine Practice
-
Mr. Preston Walker Marriage Or Relationship Counselor
-
MySpeechology LLC Physician
-
SPIRITT.LLC Alternative Medicine Practice Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$615k
Comparable Approach
Comparable
$326k
Blend (final)
Blend
$530k
Owner & transaction history
Kc Horizon Holdings LLC · 15 yrs held
Kc Horizon Holdings LLC
since 2011
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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%
$665,000
6.5%
$615,000
7%
$570,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$715,000
Current use
RETAIL STORES
$630,000
Change: -12% · Conversion: Moderate
Blend value · Realmo final
$530k
Range $477k – $583k · ±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
$232 / 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
$3,030
Tax year 2023
Assessed value
$123,529
Assessed 2024
Previous assessed
$104,555
+18.1% YoY
Effective rate
2.45%
On assessed value
Assessed land
$74,704
Assessed improvement
$48,825
Land market value
$213,440
Improvement market value
$139,500
Total market value
$352,940
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
1974
Construction
FRAME
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
1
Units
1
Rooms
6
Bathrooms
3
Total area
2,288 SF
Lot
0.49 ac (21,344 SF)
APN
179-19-808-005
UPID
US62-0198978
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
$715,000
RETAIL STORES
Est. value
$630,000
OFFICE BUILDING Current
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
1974
Construction
FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Units
1
Rooms
6
Bathrooms
3
Lot
0.49 ac
Current owner
From public records · entity-resolved
Kc Horizon Holdings LLC
Entity
Mailing address
121 W RANCHO DR, HENDERSON, NV 89015-7921
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 27, 2011
$160,000
Kc Horizon Holdings LLC
250 E Horizon Ridge LLC
Grant Deed
related
$185,000 · Bank Of Nevada
Mar 28, 2006
$165,531
250 E Horizon Ridge LLC
Chen,chun L
Grant Deed
—
May 26, 2004
—
250 E Horizon Ridge LLC
Chen,chun L
Grant Deed
related
—
Oct 28, 2003
—
Chun L Chen
Chen,leon
Quit Claim Deed
related
$185,250 · Washington Mutual Fsb
Jun 10, 2002
—
Leon Chen
Dynasty Family LP
Grant Deed
related
—
Dec 5, 2000
—
Tan Dynasty Family LP
Chen,leon
Quit Claim Deed
related
—
May 21, 1999
$191,000
Leon Chen
Maybee,robert L & Kathy L
Grant Deed
$152,800 · Silver State Mortgage
Sep 1, 1998
—
Robert L Maybee
Veterans Administration
Grant Deed
$150,590 · Veterans Administration
Feb 9, 1998
—
Veterans Administration
Fleet Mortgage Corp
Grant Deed
related
—
Dec 16, 1997
$112,831
Delhey Trust
Stidham,marlene L & Larry J
Trustees Deed
—
Mar 5, 1996
$108,235
Fleet Mortgage Corp
Stidham,marlene L & Larry J
Trustees Deed
related
—
Aug 3, 1989
$112,250
Marlene L Stidham
Unknown
Grant Deed
—
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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