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Property profile & analytics
OFF-MARKET
Estimated value
$18,030,000
Strip malls
4500 Sunset Rd Henderson, NV 89014-2252
Entity Owned
8-yr Hold
Free & Clear
Property ID
US62-0459429
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1995
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
53,430 SF
Lot
10.56 ac (459,994 SF)
APN
161-32-411-006
UPID
US62-0459429
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
-
Moonlight Karaoke Lounge DJ & Entertainment Nightclub
-
T & Y FURNITURE LLC Furniture & Home Goods Home Decor Store
-
Star Nails Nail Salon
-
Elevated Sauna, Salt, Red Light & Cryotherapy Studio Gym & Fitness Center Alternative Medicine Practice
-
Real Thai Traditional Massage Alternative Medicine Practice Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$20.16M
Comparable Approach
Comparable
$12.92M
Blend (final)
Blend
$18.03M
Owner & transaction history
Henderson Town Center LLC · 8 yrs held
Henderson Town Center LLC
since 2017
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$24.0M
+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%
$21,835,000
6.5%
$20,155,000
7%
$18,715,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$23,535,000
Current use
AUTO REPAIR, GARAGE
$23,950,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$18.03M
Range $16.23M – $19.83M · ±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
$337 / 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
$103,720
Tax year 2023
Assessed value
$7,090,745
Assessed 2024
Previous assessed
$6,111,498
+16.0% YoY
Effective rate
1.46%
On assessed value
Assessed land
$1,738,777
Assessed improvement
$5,351,968
Land market value
$4,967,934
Improvement market value
$15,291,337
Total market value
$20,259,271
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1995
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Buildings
3
Stories
1
Total area
53,430 SF
Lot
10.56 ac (459,994 SF)
APN
161-32-411-006
UPID
US62-0459429
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
$23.5M
AUTO REPAIR, GARAGE
Est. value
$24.0M
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
1995
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Stories
1
Buildings
3
Lot
10.56 ac
Current owner
From public records · entity-resolved
Henderson Town Center LLC
Entity
Free & Clear · 8 yrs held
Mailing address
5300 W SAHARA AVE STE #105, LAS VEGAS, NV 89146-0319
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 20, 2021
—
Henderson Town Center LLC
—
Deed
related
$17,667,500 · Wells Fargo Bank NA
Sep 5, 2017
$14,950,000
Henderson Town Center LLC
Green Valley Commercial LLC
Grant Deed
—
Sep 27, 2016
—
Green Valley Commercial LLC
—
Deed
related
$11,484,917 · Western Alliance Bk
Mar 29, 2011
—
Green Valley Commercial LLC
—
Deed Of Trust
related
$10,000,000 · Bank Of Nevada
May 21, 2001
—
United Artist Theatre Circuit
—
Deed Of Trust
related
$35,000,000 · Bankers Trust Co Ttee
Nov 21, 1996
—
Valley Commercial LP Green
—
Deed Of Trust
related
$14,000,000 · Orix USA Corp
—
—
Robert V Mercado
—
Deed Of Trust
related
$250,000 · Station Casinos INC
—
—
Casa Mercados LLC
—
Deed Of Trust
related
$232,415 · Station Casinos INC
—
—
Green Valley Commercial LLC
—
Loan Modification
related
$11,484,917 · Western Alliance 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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