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Property profile & analytics
OFF-MARKET
Estimated value
$42,825,000
Office buildings
400 Stephanie St 415 Henderson, NV 89014-6676
Entity Owned
3-yr Hold
Free & Clear
Property ID
US62-0057436
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2008
Construction
FRAME
Total area
145,652 SF
Lot
9.06 ac (394,654 SF)
APN
178-03-411-037
UPID
US62-0057436
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
-
Oasis Counseling Medical Clinic
-
Dignity Health Physical Therapy - Henderson Medical Clinic
-
Navy Officer Recruiting Station in Las Vegas Military Recruiting Office
-
Countrywide Estate Planning Financial Advisor
-
Orion Foundation Charitable Organization Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$39.22M
Comparable Approach
Comparable
$52.51M
Blend (final)
Blend
$42.83M
Owner & transaction history
Kemper Center LLC · 3 yrs held
Kemper Center LLC
since 2022
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$65.3M
+54.8%
Neighborhood: shopping center
$64.2M
+52.1%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$42,490,000
6.5%
$39,220,000
7%
$36,420,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$42,185,000
Current use
AUTO REPAIR, GARAGE
$65,285,000
Change: +55% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$64,155,000
Change: +52% · Conversion: Difficult
RETAIL STORES
$40,105,000
Change: -5% · Conversion: Moderate
Blend value · Realmo final
$42.83M
Range $38.54M – $47.11M · ±10%
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
$294 / 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
$328,134
Tax year 2023
Assessed value
$21,979,284
Assessed 2024
Previous assessed
$17,366,938
+26.6% YoY
Effective rate
1.49%
On assessed value
Assessed land
$2,175,530
Assessed improvement
$19,803,754
Land market value
$6,215,800
Improvement market value
$56,582,154
Total market value
$62,797,954
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
2008
Construction
FRAME
Heating
HOT WATER
Cooling
AC.CHILLED WATER
Buildings
3
Stories
6
Total area
145,652 SF
Lot
9.06 ac (394,654 SF)
APN
178-03-411-037
UPID
US62-0057436
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
$42.2M
AUTO REPAIR, GARAGE
Est. value
$65.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$64.2M
RETAIL STORES
Est. value
$40.1M
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
2008
Construction
FRAME
Heating
HOT WATER
Cooling
Yes
Stories
6
Buildings
3
Lot
9.06 ac
Current owner
From public records · entity-resolved
Kemper Center LLC
Entity
Free & Clear · 3 yrs held
Mailing address
200 E RANDOLPH ST STE #3300, CHICAGO, IL 60601-6509
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 1, 2023
—
Kemper Center LLC
—
Deed
related
$500,000 · Trinity Universal Insurance Company
Sep 30, 2022
—
Kemper Center LLC
United Insurance Company Of America
Bargain And Sale Deed
—
Jan 30, 2003
$13,950,000
United Insurance Co America
Eastgate One LP
Grant Deed
—
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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