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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    600 Grn Vly Pkwy Henderson, NV 89052-0461

    • Strip malls
    • 13,670 SF
    • 1.10 lot acres
    OFF-MARKET
    Last Sale
    Feb 04, 2022
    $2,600,000
    Value Estimations
    $2,385,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US62-0202062
    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

    • Michelle’s Blonding Salon Studio / Hair Salon / Nail Salon
    • Humble Bee Sugaring Studio (Horizon Ridge) / Hair Salon / Nail Salon
    • CandyLux / Alternative Medicine Practice / Spa & Massage Center
    • Amenities / Hair Salon
    • Empowered Waxing / Spa & Massage Center / Skin Care Clinic

    Property Details for 600 Grn Vly Pkwy

    Year built
    2008
    Construction
    FRAME
    Lot size
    1.10 lot acres
    Property size
    13,670 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    178-29-313-007
    APU
    17829313007

    Description

    This exceptional 14,028 square foot retail center, built in 2008, is situated on 2.19 acres of land at 600 S Green Valley Pkwy, Henderson, NV 89012. The property boasts a prime location with excellent visibility on Horizon Ridge Parkway and Green Valley Parkway, experiencing high daily vehicle traffic. The single-story building features three suites, with 4,492 square feet currently vacant and available for lease. The minimum divisible space is 4,492 square feet, and the maximum contiguous space is also 4,492 square feet. The property includes 79 parking spaces and is zoned MC (Corridor/Community Mixed-Use), making it suitable for a variety of retail, medical, or restaurant uses. A grease interceptor is already installed. The property benefits from its proximity to major roadways, including the CC 215 Beltway, and is surrounded by affluent neighborhoods, including Green Valley, MacDonald Ranch, Anthem, and Seven Hills, with a substantial population base within a 5-mile radius. Strong co-tenancy includes established businesses such as Sola Salons, Now Massage, Target, Sprouts, Staples, and Petco. This is a fantastic opportunity for businesses seeking high visibility and access to a dense consumer base in a thriving Henderson location. The APN is 178-29-313-007 & 178-29-313-008.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,200,000
      ML approach
      $2,210,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,313,000
      Market price range: $456k - $3.82M

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

    Location Insight

    • Map
    • Local Demand
    City
    Henderson
    County
    Clark
    State
    Nevada
    Longitude
    -115.08
    Latitude
    36.0054
    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
    $18,839
    $469,577
    $855,280
    $1,324,857
    -
    $1,341,649
    $2,443,657
    $3,785,306

    Comparable in this City

    • Value Estimation
      $4,865,000
      15,023 SF

      10925 Maryland Pkwy

      SHOPPING CENTER, STRIP CENTER • 15,023 SF
      10925 Maryland Pkwy, Henderson, NV 89052-8826
      View Details
    • Value Estimation
      $2,355,000
      7,296 SF

      2220 Horizon Rdg Pkwy

      SHOPPING CENTER, STRIP CENTER • 7,296 SF
      2220 Horizon Rdg Pkwy, Henderson, NV 89052-2635
      View Details
    • Value Estimation
      $6,185,000
      29,349 SF

      10271 Eastern Ave

      SHOPPING CENTER, STRIP CENTER • 29,349 SF
      10271 Eastern Ave, Henderson, NV 89052-3978
      View Details
    • Value Estimation
      $3,000,000
      2,528 SF

      10420 Eastern Ave Ste, Unit 100

      SHOPPING CENTER, STRIP CENTER • 2,528 SF
      10420 Eastern Ave Ste, Henderson, NV 89052-4197
      View Details
    • Value Estimation
      $5,025,000
      24,216 SF

      10670 Maryland Pkwy

      SHOPPING CENTER, STRIP CENTER • 24,216 SF
      10670 Maryland Pkwy, Henderson, NV 89052-8711
      View Details
    • Value Estimation
      $4,320,000
      14,005 SF

      10960 Eastern Ave

      SHOPPING CENTER, STRIP CENTER • 14,005 SF
      10960 Eastern Ave, Henderson, NV 89052-4977
      View Details

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    • $2,250,000

      Golf Course Lot with Views

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    Similar Nearby for Lease

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      Retail Space in Southfork Plaza

      Retail space available in a busy, dual-anchored Henderson plaza.
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      Henderson Retail Space For Lease

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    • $2 SF/Yr
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      Retail Anchor Space Available

      Large retail space in Henderson, Nevada shopping center.
      2650-2662 W Horizon Ridge Pkwy, Henderson, NV 89052
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    • $3 SF/Yr
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      Henderson Retail Space For Lease

      Retail space in busy Henderson corridor, anchored by Lowe’s.
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    • $36 SF/Yr
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      Henderson Retail Center Investment Opportunity

      High-traffic retail space available in Henderson, NV
      2970 St Rose Pkwy, Henderson, NV 89052
      View Details
    • $1.85 SF/Yr
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      Retail Space in Regal Plaza

      Retail space available in a busy shopping center.
      8876 S Eastern Ave, Henderson, NV 89052
      View Details
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    Henderson, NV 89052-0461
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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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