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Property profile & analytics
FOR LEASE
Strip malls
37 S Water St Henderson, NV 89015
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US62-0441820
For Lease
1 / 5
$15 SF/Yr
37 S Water St, Henderson, NV 89015
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2021
Construction
FRAME
Total area
10,228 SF
Lot
0.44 ac (19,166 SF)
APN
179-18-611-056
UPID
US62-0441820
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
-
GoodLife Craft Brews and Gaming Bar & Pub
-
Street Burger Restaurant
-
Downtown Vintage Barbershop Barber Shop
-
Brick & Mortar Studio Hotel & Motel Resort
-
Downtown Tattoo Tattoo & Piercing Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.31M
Owner & transaction history
37 S Water Street LLC · 7 yrs held
37 S Water Street LLC
since 2018
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$225 / 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 2021Property tax & assessments
Tax year 2021
Tax billed
$12,414
Tax year 2021
Assessed value
$450,109
Assessed 2022
Previous assessed
$450,109
+0.0% YoY
Effective rate
2.76%
On assessed value
Assessed land
$75,600
Assessed improvement
$374,509
Land market value
$216,000
Improvement market value
$1,070,026
Total market value
$1,286,026
Applied tax rate
503.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
2021
Construction
FRAME
Heating
YES
Buildings
2
Stories
3
Units
24
Total area
10,228 SF
Lot
0.44 ac (19,166 SF)
APN
179-18-611-056
UPID
US62-0441820
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
2021
Construction
FRAME
Heating
YES
Stories
3
Buildings
2
Units
24
Lot
0.44 ac
Current owner
From public records · entity-resolved
37 S Water Street LLC
Entity
Mailing address
PO BOX 530778, HENDERSON, NV 89053-0778
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 11, 2022
—
37 S Water Street LLC
—
Deed
related
$210,000 · Clark County Cu
Jul 27, 2018
$1,000,000
37 S Water Street LLC
Townhouse Motor Lodge INC
Grant Deed
$750,000 · Bodley Family Trust (pt)
Nov 30, 1995
—
Townhouse Motor Lodge INC
Trumbo Trust
Quit Claim Deed
related
—
—
—
37 S Water Street LLC
—
Deed Of Trust
related
$2,450,000 · Clark Cnty Cu
—
—
Townhouse Motor Lodge INC
—
Deed Of Trust
related
$228,000 · Nevada First Bank
—
—
Townhouse Motor Lodge INC
—
Deed Of Trust
related
$320,000 · Allstate Mortgage
—
—
37 S Water Street LLC
—
Loan Modification
related
$2,800,000 · Clark Cnty Cu
—
—
Townhouse Motor Lodge INC
—
Deed Of Trust
related
$200,000 · Meadows Bank
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?”
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