Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$9,285,000
Office buildings
2625 Grn Vly Pkwy Henderson, NV 89014-0271
Entity Owned
~
Est. High Equity
Property ID
US62-0365247
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1989
Construction
FRAME
Total area
31,579 SF
Lot
4.91 ac (213,880 SF)
APN
178-06-510-003
UPID
US62-0365247
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
-
APL Insurance Insurance Agency
-
Judd J Balmer, Esq., Ltd Law Firm
-
The Video Podcast Studio Film Production Television Studio
-
Unicron Logistics Solutions Logistics Company Freight Service
-
Faux Law Group Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$8.51M
Comparable Approach
Comparable
$11.38M
Blend (final)
Blend
$9.29M
Owner & transaction history
2625 Gv LLC
2625 Gv LLC
since 2025
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$14.2M
+54.8%
Neighborhood: shopping center
$13.9M
+52.1%
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%
$9,210,000
6.5%
$8,505,000
7%
$7,895,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$9,145,000
Current use
AUTO REPAIR, GARAGE
$14,155,000
Change: +55% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$13,910,000
Change: +52% · Conversion: Difficult
RETAIL STORES
$8,695,000
Change: -5% · Conversion: Moderate
Blend value · Realmo final
$9.29M
Range $8.36M – $10.21M · ±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
$294 / 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
$47,727
Tax year 2023
Assessed value
$2,939,010
Assessed 2024
Previous assessed
$2,662,053
+10.4% YoY
Effective rate
1.62%
On assessed value
Assessed land
$748,580
Assessed improvement
$2,190,430
Land market value
$2,138,800
Improvement market value
$6,258,371
Total market value
$8,397,171
Applied tax rate
516.0000
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
1989
Construction
FRAME
Heating
HEAT PUMP
Buildings
2
Stories
2
Total area
31,579 SF
Lot
4.91 ac (213,880 SF)
APN
178-06-510-003
UPID
US62-0365247
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
$9.1M
AUTO REPAIR, GARAGE
Est. value
$14.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$13.9M
RETAIL STORES
Est. value
$8.7M
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
1989
Construction
FRAME
Heating
HEAT PUMP
Stories
2
Buildings
2
Lot
4.91 ac
Current owner
From public records · entity-resolved
2625 Gv LLC
Entity
Mailing address
2551 N GRN VLY PKWY STE 308C, HENDERSON, NV 89014-2164
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 17, 2025
—
2625 Gv LLC
Fakheri Family LLC
Bargain & Sale Deed
$2,500,000 · Cathay Bank
Aug 20, 2020
—
2625 Gv LLC
—
Deed
related
$2,100,000 · Cathay Bk
Jun 23, 2016
—
2625 Gv LLC
—
Deed
related
$750,000 · First Century Bk
May 12, 2015
$2,831,000
Fakheri Family LLC
2625 Gv LLC
Grant Deed
related
—
Apr 28, 2015
$5,500,000
2625 Gv LLC
American General Life Insuranc
Grant Deed
—
Dec 21, 2012
$2,750,000
American General Life & Accide
Stewart Default Services
Trustees Deed
—
—
—
Green Valley Associates LLC
—
Deed Of Trust
related
$16,000,000 · American General Life Ins
—
—
2625 Gv LLC
—
Deed Of Trust
related
$750,000 · First Century Bk
—
—
2625 Gv LLC
—
Deed Of Trust
related
$2,100,000 · Cathay Bk
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2625 Grn Vly Pkwy?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
