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Property profile & analytics
OFF-MARKET
Estimated value
$1,324,180,000
High-rise multifamily apartments
511 College Dr Henderson, NV 89015-7567
Entity Owned
16-yr Hold
~
Est. High Equity
Property ID
US62-0424696
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
2012
Construction
FRAME
Total area
147,199 SF
Lot
4.38 ac (190,793 SF)
APN
179-20-701-004
UPID
US62-0424696
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
-
College Villas Charitable Organization Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.68B
Blend (final)
Blend
$1.32B
Owner & transaction history
College Villas LP · 16 yrs held
College Villas LP
since 2010
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.32B
Range $1.19B – $1.46B · ±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
$8,996 / 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
Assessed value
$7,701,789
Assessed 2024
Previous assessed
$6,916,351
+11.4% YoY
Assessed land
$870,100
Assessed improvement
$6,831,689
Land market value
$2,486,000
Improvement market value
$19,519,111
Total market value
$22,005,111
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
2012
Construction
FRAME
Heating
HEAT PUMP
Buildings
3
Stories
4
Units
226
Total area
147,199 SF
Lot
4.38 ac (190,793 SF)
APN
179-20-701-004
UPID
US62-0424696
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
Building & site characteristics
From public records
Year built
2012
Construction
FRAME
Heating
HEAT PUMP
Stories
4
Buildings
3
Units
226
Lot
4.38 ac
Current owner
From public records · entity-resolved
College Villas LP
Entity
Mailing address
911 N STUDEBAKER RD, LONG BEACH, CA 90815-4900
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 16, 2010
$841,500
College Villas LP
Cam 3 LLC
Grant Deed
$3,000,000 · Nevada State Housing Division
Sep 2, 2008
—
Cam 3 LLC
Charles Rosenbaum
Bargain And Sale Deed
$1,620,000 · Community One FCU
—
—
Cam 3 LLC
—
Deed Of Trust
related
—
—
—
College Villas LP
—
Deed Of Trust
related
$300,000 · Henderson City (nv)
—
—
College Villas LP
—
Loan Modification
related
$12,000,000 · Wells Fargo Bank
—
—
College Villas LP
—
Deed Of Trust
related
$300,000 · Henderson City (nv)
—
—
College Villas LP
—
Deed Of Trust
related
—
—
—
College Villas LP
—
Deed Of Trust
related
—
—
—
College Villas LP
—
Deed Of Trust
related
—
—
—
College Villas LP
—
Deed Of Trust
related
—
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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