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Property profile & analytics
FOR LEASE
Retail space
347 W Sunset Rd Henderson, NV 89011
Entity Owned
4-yr Hold
Free & Clear
Property ID
US62-0041886
For Lease
$25,660,000
347 W Sunset Rd, Henderson, NV 89011
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1973
Lot
32.63 ac (1,421,363 SF)
APN
178-02-702-001
UPID
US62-0041886
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$25.66M
Owner & transaction history
Exchange Warm Springs Road LLC · 4 yrs held
Exchange Warm Springs Road LLC
since 2021
Last sale
$24.5M
6 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
$27,945,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$25.66M
Range $23.09M – $28.23M · ±10% · vs last sale $24.52M (Dec 29 2021)
Last sale anchor
$24.52M
Dec 29 2021
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
—
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
$65,603
Tax year 2023
Assessed value
$4,791,496
Assessed 2024
Previous assessed
$4,789,632
+0.0% YoY
Effective rate
1.37%
On assessed value
Assessed land
$4,775,780
Assessed improvement
$15,716
Land market value
$13,645,086
Improvement market value
$44,903
Total market value
$13,689,989
Applied tax rate
521.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Lease
Year built
1973
Heating
NONE
Stories
1
Lot
32.63 ac (1,421,363 SF)
APN
178-02-702-001
UPID
US62-0041886
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
Building & site characteristics
From public records
Year built
1973
Heating
NONE
Stories
1
Lot
32.63 ac
Current owner
From public records · entity-resolved
Exchange Warm Springs Road LLC
Entity
Free & Clear · 4 yrs held
Mailing address
1800 WAZEE ST STE #500, DENVER, CO 80202-2526
Ownership since
2021
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
Dec 29, 2021
$24,518,508
Exchange Warm Springs Road LLC
Sunset Commercial LLC
Bargain And Sale Deed
—
Dec 23, 2013
—
Sunset Commercial LLC
Equisource LLC
Grant Deed
related
—
May 24, 2013
$870,000
Sunset Commercial LLC
Equisource LLC
Grant Deed
—
May 20, 2013
$870,000
Equisource LLC
Treasurer Of Clark County
Grant Deed
—
Jun 8, 2011
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
Mar 13, 1998
$2,000,000
Jack Binion
Johnson Trust
Grant Deed
$1,700,000 · Seller
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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