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Property profile & analytics
OFF-MARKET
Estimated value
$1,405,000
Grocery and convenience stores
401 Horizon Dr Henderson, NV 89015
Entity Owned
21-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US62-0500285
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
2002
Construction
FRAME
Total area
4,000 SF
Lot
0.96 ac (41,818 SF)
APN
179-31-113-003
UPID
US62-0500285
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
$1.51M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.41M
Owner & transaction history
Woody-mac 107 LLC · 21 yrs held
Woody-mac 107 LLC
since 2005
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.8M
+1.8%
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%
$1,635,000
6.5%
$1,510,000
7%
$1,400,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,760,000
Current use
AUTO REPAIR, GARAGE
$1,795,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$1.41M
Range $1.26M – $1.55M · ±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
$351 / 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
$13,952
Tax year 2023
Assessed value
$527,589
Assessed 2024
Previous assessed
$479,442
+10.0% YoY
Effective rate
2.64%
On assessed value
Assessed land
$257,593
Assessed improvement
$269,996
Land market value
$735,980
Improvement market value
$771,417
Total market value
$1,507,397
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
2002
Construction
FRAME
Heating
HEAT PUMP
Cooling
EVAPORATIVE
Stories
1
Total area
4,000 SF
Lot
0.96 ac (41,818 SF)
APN
179-31-113-003
UPID
US62-0500285
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.8M
AUTO REPAIR, GARAGE
Est. value
$1.8M
NEIGHBORHOOD: SHOPPING CENTER Current
AUTO REPAIR, GARAGE
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
2002
Construction
FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Lot
0.96 ac
Current owner
From public records · entity-resolved
Woody-mac 107 LLC
Entity
Mailing address
1188 WIGWAM PKWY, HENDERSON, NV 89074-8154
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 21, 2021
—
Walter A Emery
—
Deed
related
$25,575,000 · Umpqua Bank
May 6, 2020
—
Speedee Mart INC
—
Deed
related
—
Jul 9, 2019
—
Woody-mac 107 LLC
—
Loan Modification
related
$1,950,000 · Umpqua Bk
Apr 1, 2019
—
Woody-mac 107 LLC
—
Loan Modification
related
$45,659,612 · Umpqua Bk
Dec 19, 2018
—
Speedee Mart INC
—
Loan Modification
related
$59,900,000 · Umpqua Bk
Jan 19, 2018
—
Speedee Mart INC
—
Loan Modification
related
$34,950,000 · Umpqua Bk
Oct 31, 2016
—
Speedee Mart INC
—
Deed
related
$33,000,000 · Umpqua Bank
Aug 8, 2014
—
Woody-mac 107 LLC
—
Grant Deed
related
$12,045,000 · Bank Of The West
Mar 31, 2005
—
Woody-mac 107 LLC
Emery Family 1980 Trust
Grant Deed
$8,719,459 · Citicorp Leasing INC
—
—
Speedee Mart INC
—
Loan Modification
related
—
—
—
Emery Family Living Trust
—
Deed Of Trust
related
$22,000 · Umpqua Bk
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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