Back to Search
Property profile & analytics
FOR LEASE
Warehouses
3235 Sunridge Heights Pkwy Henderson, NV 89052
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US62-0632678
$17,722/Mo
3235 Sunridge Heights Pkwy, Henderson, NV 89052
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2022
Total area
126,720 SF
Lot
20.81 ac (906,484 SF)
APN
177-35-311-001
UPID
US62-0632678
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
-
Frontier Farms Grocery & Convenience Store Food Market
-
Oxford Alloys Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$53.50M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$53.50M
Owner & transaction history
Henderson Business Park LLC · 1 yrs held
Henderson Business Park LLC
since 2024
Last sale
$53.5M
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$88.6M
+302.0%
Restaurant
$80.6M
+265.6%
Auto repair, garage
$56.8M
+157.7%
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
$53,500,000
ML approach
$53,500,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$88,610,000
Change: +302% · Conversion: Difficult
RESTAURANT
$80,590,000
Change: +266% · Conversion: Difficult
AUTO REPAIR, GARAGE
$56,800,000
Change: +158% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$49,305,000
Change: +124% · Conversion: Moderate
OFFICE BUILDING
$42,670,000
Change: +94% · Conversion: Difficult
Blend value · Realmo final
$53.50M
Range $48.15M – $58.85M · ±10% · vs last sale $53.50M (Aug 20 2024)
Last sale anchor
$53.50M
Aug 20 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
$422 / 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
$370,329
Tax year 2023
Assessed value
$14,545,744
Assessed 2024
Previous assessed
$12,863,639
+13.1% YoY
Effective rate
2.55%
On assessed value
Assessed land
$3,540,726
Assessed improvement
$11,005,018
Land market value
$10,116,360
Improvement market value
$31,442,909
Total market value
$41,559,269
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Lease
Year built
2022
Heating
NONE
Buildings
6
Stories
1
Total area
126,720 SF
Lot
20.81 ac (906,484 SF)
APN
177-35-311-001
UPID
US62-0632678
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
MEDICAL BUILDING
Est. value
$88.6M
RESTAURANT
Est. value
$80.6M
AUTO REPAIR, GARAGE
Est. value
$56.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$49.3M
OFFICE BUILDING
Est. value
$42.7M
MEDICAL BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
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
2022
Heating
NONE
Stories
1
Buildings
6
Lot
20.81 ac
Current owner
From public records · entity-resolved
Henderson Business Park LLC
Entity
Mailing address
1301 DOVE ST STE #860, NEWPORT BEACH, CA 92660-2440
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 20, 2024
$78,800,000
Henderson Business Park LLC
The Realty Associates Fund Xii LP
Bargain And Sale Deed
$55,515,000 · Incref Investments Wf Seller 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.
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?”
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.
