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Property profile & analytics
OFF-MARKET
Estimated value
$15,150,000
Office buildings
3185 Saint Rose Pkwy Henderson, NV 89052-3510
Entity Owned
2-yr Hold
Free & Clear
Property ID
US62-0761432
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2014
Construction
CONCRETE
Total area
45,499 SF
Lot
3.08 ac (134,165 SF)
APN
177-35-511-019
UPID
US62-0761432
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
-
Erika Delk Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$15.15M
CAP Approach
CAP
$11.09M
Comparable Approach
Comparable
$13.12M
Blend (final)
Blend
$15.15M
Owner & transaction history
Urban Investments LLC · 2 yrs held
Urban Investments LLC
since 2024
Last sale
$15.1M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$20.4M
+33.1%
Neighborhood: shopping center
$17.7M
+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
$15,150,000
ML approach
$15,150,000
CAP Approach
CAP Return
Estimation
6%
$12,010,000
6.5%
$11,090,000
7%
$10,295,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$15,320,000
Current use
AUTO REPAIR, GARAGE
$20,395,000
Change: +33% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$17,705,000
Change: +16% · Conversion: Difficult
RETAIL STORES
$12,530,000
Change: -18% · Conversion: Moderate
Blend value · Realmo final
$15.15M
Range $13.64M – $16.67M · ±10% · vs last sale $15.15M (Jan 16 2024)
Last sale anchor
$15.15M
Jan 16 2024
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
$333 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$61,779
Tax year 2022
Assessed value
$2,311,268
Assessed 2023
Previous assessed
$2,311,268
+0.0% YoY
Effective rate
2.67%
On assessed value
Assessed land
$774,803
Assessed improvement
$1,536,465
Land market value
$2,213,723
Improvement market value
$4,389,900
Total market value
$6,603,623
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
2014
Construction
CONCRETE
Heating
HEAT PUMP
Stories
3
Total area
45,499 SF
Lot
3.08 ac (134,165 SF)
APN
177-35-511-019
UPID
US62-0761432
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
$15.3M
AUTO REPAIR, GARAGE
Est. value
$20.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$17.7M
RETAIL STORES
Est. value
$12.5M
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
2014
Construction
CONCRETE
Heating
HEAT PUMP
Stories
3
Lot
3.08 ac
Current owner
From public records · entity-resolved
Urban Investments LLC
Entity
Free & Clear · 2 yrs held
Mailing address
601 S 9TH ST, LAS VEGAS, NV 89101-7012
Ownership since
2024
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
Mar 12, 2024
—
Urban Investments LLC
Shp Building III LLC
Re-recorded Document
related
—
Jan 16, 2024
$15,149,243
Urban Investments LLC
Shp Building III LLC
Bargain And Sale Deed
—
May 23, 2017
—
Shp Building IV LLC
—
Loan Modification
related
$11,500,000 · Other Institutional Lenders
May 2, 2017
—
Shp Building IV LLC
Shp Building IV LLC
Quit Claim Deed
related
—
Jun 16, 2014
$15,114
Seven Hills Hotel Holdings LLC
Treasurer Of Clark County
Grant Deed
related
—
Jan 6, 2014
—
Shp Building I LLC
—
Grant Deed
related
$20,700,000 · Prudential Mtg Cap
Dec 31, 2013
$18,662
Vreo Xiii LLC
Vreo Xiii LLC
Grant Deed
related
—
Dec 27, 2013
—
Shp Building III LLC
Vreo Xiii LLC
Grant Deed
related
—
Dec 13, 2013
—
Vreo Xiii LLC
Vreo Xiii LLC
Quit Claim Deed
related
—
Apr 25, 2013
$18,662
Vreo Xiii LLC
Vreo Xiii LLC
Grant Deed
related
—
—
—
Vreo Xiii LLC
—
Deed Of Trust
related
$2,750,000 · Residential Mtg Lndg
—
—
Vreo Xiii LLC
—
Deed Of Trust
related
$5,000,000 · Stable Properties LLC
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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