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Property profile & analytics
OFF-MARKET
Estimated value
$2,850,000
Retail space
380 Lk Mead Pkwy Henderson, NV 89015-5576
Individually Owned
3-yr Hold
Free & Clear
Property ID
US62-0103362
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2023
Construction
FRAME
Total area
7,065 SF
Lot
0.86 ac (37,462 SF)
APN
179-08-401-014
UPID
US62-0103362
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
-
Wendy's Tax Preparation
-
Advance Auto Parts Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.05M
CAP Approach
CAP
$2.49M
Comparable Approach
Comparable
$2.60M
Blend (final)
Blend
$2.85M
Owner & transaction history
Victor M Castello SR. · 3 yrs held
Victor M Castello SR.
since 2023
Last sale
$3.1M
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.5M
+131.0%
Auto repair, garage
$3.2M
+62.8%
Neighborhood: shopping center
$3.1M
+60.0%
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
$2,755,000
ML approach
$3,045,000
CAP Approach
CAP Return
Estimation
6%
$2,695,000
6.5%
$2,490,000
7%
$2,310,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,945,000
Current use
RESTAURANT
$4,495,000
Change: +131% · Conversion: Easy
AUTO REPAIR, GARAGE
$3,165,000
Change: +63% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$3,110,000
Change: +60% · Conversion: Moderate
OFFICE BUILDING
$2,205,000
Change: +13% · Conversion: Easy
Blend value · Realmo final
$2.85M
Range $2.57M – $3.14M · ±10% · vs last sale $3.11M (May 17 2023)
Last sale anchor
$3.11M
May 17 2023
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
$403 / 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
$14,242
Tax year 2023
Assessed value
$440,635
Assessed 2024
Previous assessed
$163,896
+168.9% YoY
Effective rate
3.23%
On assessed value
Assessed land
$157,340
Assessed improvement
$283,295
Land market value
$449,543
Improvement market value
$809,414
Total market value
$1,258,957
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2023
Construction
FRAME
Heating
HEAT PUMP
Stories
1
Total area
7,065 SF
Lot
0.86 ac (37,462 SF)
APN
179-08-401-014
UPID
US62-0103362
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
RETAIL STORES Current
Est. value
$1.9M
RESTAURANT
Est. value
$4.5M
AUTO REPAIR, GARAGE
Est. value
$3.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.1M
OFFICE BUILDING
Est. value
$2.2M
RETAIL STORES Current
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
2023
Construction
FRAME
Heating
HEAT PUMP
Stories
1
Lot
0.86 ac
Current owner
From public records · entity-resolved
Victor M Castello SR.
Individual
Free & Clear · 3 yrs held
Mailing address
774 MAYS BLVD STE #10320, INCLINE VILLAGE, NV 89451-7616
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 17, 2023
$3,110,000
Victor M Castello SR.
Rs Lake Mead LLC
Bargain And Sale Deed
—
Aug 20, 2021
$770,000
Rs Lake Mead LLC
Vre Henderson LLC
Bargain & Sale Deed
$3,596,000 · Century 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.
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