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    Property profile & analytics

    524 Boulder Hwy Henderson, NV 89015

    • Grocery and convenience stores
    • 37,478 SF
    • 9.81 lot acres
    For Lease
    View listing
    $6 SF/Yr
    Value Estimations
    $570,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US62-0344816
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • AutoZone Auto Parts / Auto Parts Store / Car Accessories Store

    Property Details for 524 Boulder Hwy

    Year built
    1966
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    9.81 lot acres
    Property size
    37,478 SF
    Property type
    Grocery and convenience stores
    APN
    179-17-303-018
    APU
    17917303018

    Description

    This exceptional retail investment opportunity, Henderson Plaza, presents 64,800 square feet of vacant space within a 87,135 square foot, multi-building shopping center located at 524 S Boulder Hwy, Henderson, NV 89015. Built in 1959, the property consists of five single-story buildings offering flexible spaces ranging from a minimum of 2,200 square feet to a maximum contiguous space of 25,000 square feet. The center boasts a strong tenant mix including established businesses such as At Home, Burger King, and others, ensuring high visibility and foot traffic. Located in a thriving Henderson submarket, the property benefits from its proximity to major thoroughfares like E Major Ave, and its strategic location near Downtown Henderson and Water Street. The property is zoned Corridor/Community Mixed-Use (MC) and is ideally situated to serve the substantial residential populations of nearby master-planned communities including Lake Las Vegas, Tuscany, and Cadence, as well as the surrounding areas of Boulder City, Lake Mead Recreation Area, and Hoover Dam. The property features ample parking with a 5.5 spaces per 1,000 square feet ratio. Clark County APN: 17917303018. This is a rare opportunity to acquire a well-positioned retail center in a high-growth area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $570,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Henderson
    County
    Clark
    State
    Nevada
    Longitude
    -114.972
    Latitude
    36.0325
    CBSA code
    29820
    CBSA name
    LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $93,483
    $1,346,071
    $2,288,762
    $3,634,833
    -
    $3,845,917
    $6,539,320
    $10,385,237

    Comparable in this City

    • Value Estimation
      $1,020,000
      123,673 SF

      865 Lk Mead Pkwy

      GROCERY, SUPERMARKET • 123,673 SF
      865 Lk Mead Pkwy, Henderson, NV 89015-5501
      View Details
    • Value Estimation
      $785,000
      60,715 SF

      575 College Dr

      GROCERY, SUPERMARKET • 60,715 SF
      575 College Dr, Henderson, NV 89015-7518
      View Details
    • Value Estimation
      $370,000
      13,703 SF

      1400 Boulder Hwy

      GROCERY, SUPERMARKET • 13,703 SF
      1400 Boulder Hwy, Henderson, NV 89015-6946
      View Details
    • Value Estimation
      $265,000
      3,685 SF

      1100 Lk Mead Pkwy

      CONVENIENCE STORE • 3,685 SF
      1100 Lk Mead Pkwy, Henderson, NV 89015-5561
      View Details
    • Value Estimation
      $215,000
      2,400 SF

      302 Water St

      CONVENIENCE STORE • 2,400 SF
      302 Water St, Henderson, NV 89015-7311
      View Details
    • Value Estimation
      $205,000
      3,387 SF

      971 Boulder Hwy

      CONVENIENCE STORE • 3,387 SF
      971 Boulder Hwy, Henderson, NV 89015-7515
      View Details

    Similar Nearby for Sale

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      Multi-Tenant Retail Showroom Building

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      Boulder Highway Retail NNN Lease

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    • $9,900,000
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      Henderson Shopping Center For Sale

      Fully occupied shopping center in Henderson, Nevada, anchored by Albertsons.
      170-190 N Boulder Hwy, Henderson, NV 89015
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    • $2,105,000
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      Established Coffee Shop Investment Opportunity

      Corporate guaranteed coffee shop with over 11 years remaining.
      745 W Lake Mead Pkwy, Henderson, NV 89015
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    • $230,000
      0.69 Acres

      Residential Land in Henderson, Nevada

      Land with mountain views, suitable for custom home development.
      Parawan St, Henderson, NV 89015
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,072 SF

      Retail Space in Henderson, Nevada

      Retail space available for lease in Henderson, Nevada.
      30 W Pacific Ave, Henderson, NV 89015
      View Details
    • $3 SF/Yr
      3,889 SF

      Upscale Retail Center Space Available

      Retail suites available in growing Henderson location.
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    • $1.15 SF/Yr
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      Retail Space Near High-Traffic Businesses

      1,040 SF retail space with shared parking.
      650 E Horizon Dr, Henderson, NV 89015
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    • $1.25 SF/Yr
      2,200 SF

      Retail Space on Boulder Highway

      Retail spaces available on Boulder Highway with high visibility.
      522-538 S Boulder Hwy, Henderson, NV 89015
      View Details
    • $30 SF/Yr
      6,912 SF

      Freestanding Retail Building, New Build

      New retail building with high exposure in growing Henderson area.
      380 E Lake Mead Pkwy, Henderson, NV 89015
      View Details
    • Contact for pricing
      6,000 SF

      Retail Space on Boulder Highway

      Retail spaces available on Boulder Highway with high visibility.
      590 S Boulder Hwy, Henderson, NV 89015
      View Details
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    Henderson, NV 89015
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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