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Property profile & analytics
OFF-MARKET
Estimated value
$5,740,000
Warehouses
550 Conestoga Way Henderson, NV 89002-9440
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US62-0323956
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2007
Construction
STEEL FRAME
Total area
93,137 SF
Lot
4.5 ac (196,020 SF)
APN
179-34-616-003
UPID
US62-0323956
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
-
Life Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.04M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.79M
Blend (final)
Blend
$5.74M
Owner & transaction history
Life Storage 594 LLC · 5 yrs held
Life Storage 594 LLC
since 2021
Last sale
$5.4M
4 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
$6,120,000
ML approach
$6,035,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$5.74M
Range $5.17M – $6.31M · ±10% · vs last sale $5.37M (Mar 15 2021)
Last sale anchor
$5.37M
Mar 15 2021
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
$62 / 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
$39,646
Tax year 2023
Assessed value
$2,002,163
Assessed 2024
Previous assessed
$1,780,874
+12.4% YoY
Effective rate
1.98%
On assessed value
Assessed land
$439,085
Assessed improvement
$1,563,078
Land market value
$1,254,529
Improvement market value
$4,465,937
Total market value
$5,720,466
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
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2007
Construction
STEEL FRAME
Heating
YES
Cooling
EVAPORATIVE
Stories
2
Units
576
Total area
93,137 SF
Lot
4.5 ac (196,020 SF)
APN
179-34-616-003
UPID
US62-0323956
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
2007
Construction
STEEL FRAME
Heating
YES
Cooling
Yes
Stories
2
Units
576
Lot
4.5 ac
Current owner
From public records · entity-resolved
Life Storage 594 LLC
Entity
Mailing address
6467 MAIN ST STE #200, WILLIAMSVILLE, NY 14221-5856
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 15, 2021
—
Life Storage 594 LLC
Life Storage LP
Quit Claim Deed
related
—
Dec 13, 2013
$5,371,000
Sonv 550 Conestoga Way LLC
Campus Park LLC
Bargain And Sale Deed
$8,650,000 · First American Title Insurance
Apr 12, 2013
—
Campus Park LLC
Chadwick Lonnie J
Quit Claim Deed
related
—
Jul 29, 2010
—
Campus Park LLC
Campus Park LLC
Quit Claim Deed
related
$3,400,000 · Town & Country Bank
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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