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Property profile & analytics
OFF-MARKET
Estimated value
$21,195,000
Distribution centers
490 Bruner Ave Henderson, NV 89044-8700
Entity Owned
1-yr Hold
Free & Clear
Property ID
US62-0836930
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2018
Construction
CONCRETE
Total area
102,431 SF
Lot
31.9 ac (1,389,564 SF)
APN
191-03-410-009
UPID
US62-0836930
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
-
Turano Nevada Baking Company Bakery Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$20.66M
Comparable Approach
Comparable
$24.13M
Blend (final)
Blend
$21.20M
Owner & transaction history
The City Of Henderson · 1 yrs held
The City Of Henderson
since 2024
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$32.0M
+79.6%
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%
$22,380,000
6.5%
$20,660,000
7%
$19,180,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$17,820,000
Current use
OFFICE BUILDING
$31,995,000
Change: +80% · Conversion: Difficult
Blend value · Realmo final
$21.20M
Range $19.08M – $23.31M · ±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
$207 / 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
$273,511
Tax year 2023
Assessed value
$12,597,927
Assessed 2024
Previous assessed
$11,670,555
+7.9% YoY
Effective rate
2.17%
On assessed value
Assessed land
$6,322,516
Assessed improvement
$6,275,411
Land market value
$18,064,331
Improvement market value
$17,929,746
Total market value
$35,994,077
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
2018
Construction
CONCRETE
Heating
NONE
Buildings
2
Stories
1
Total area
102,431 SF
Lot
31.9 ac (1,389,564 SF)
APN
191-03-410-009
UPID
US62-0836930
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
WAREHOUSE, STORAGE Current
Est. value
$17.8M
OFFICE BUILDING
Est. value
$32.0M
WAREHOUSE, STORAGE Current
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
2018
Construction
CONCRETE
Heating
NONE
Stories
1
Buildings
2
Lot
31.9 ac
Current owner
From public records · entity-resolved
The City Of Henderson
Entity
Free & Clear · 1 yrs held
Mailing address
PO BOX 95050, HENDERSON, NV 89009-5050
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 22, 2024
—
The City Of Henderson
Lvr Real Property LLC
Bargain & Sale Deed
—
May 21, 2024
—
The City Of Henderson
Fontanesi LLC
Bargain And Sale Deed
—
Dec 21, 2023
—
Fontanesi LLC
—
Deed
related
$225,000,000 · Jpmorgan Chase Bank NA
Dec 14, 2022
—
Cs1031 Zero Coupon Lv Training Faci
Spring Breeze LLC
Deed
—
Dec 23, 2020
—
Spring Breeze LLC
Autumn Wind Hq LLC
Grant Deed
related
—
May 15, 2020
—
City Of Henderson
Fontanesi LLC
Grant Deed
related
—
Jun 1, 2018
—
Fontanesi LLC
—
Trustees Deed
related
$33,500,000 · Jpmorgan Chase Bk NA
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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