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

    6250 South Mountain Vista St Henderson, NV 89014

    • Office buildings
    • 14,856 SF
    • 2.11 lot acres
    For Lease
    View listing
    $0.25 SF/Yr
    Last Sale
    Feb 03, 2025
    $2,952,000
    Value Estimations
    $2,375,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US62-0424201
    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

    • Tumbling Boulders / Gym / Aerial Sports Center
    • Lucky Joe's Saloon / Cocktail Bar
    • 702 Computer Repair / Computer Repair Service
    • Very Stylish Esthetics / Day Spa / Beauty Product Supplier
    • Full Circle Resale LLC / Thrift Store

    Property Details for 6250 South Mountain Vista St

    Year built
    1983
    Construction
    METAL FRAME
    Lot size
    2.11 lot acres
    Property size
    14,856 SF
    Property type
    Office buildings
    APN
    161-32-701-009
    APU
    16132701009

    Description

    Peppertree Ridge, a 31,307-square-foot mixed-use property in Henderson, Nevada, presents a compelling value-add opportunity. Located at the signalized intersection of Mountain Vista Street and Ramrod Avenue, this two-story, 1983-built building boasts 32 units across 27,843 net rentable square feet, currently operating at 87% occupancy. The property sits on a 2.11-acre lot (APN 161-32-701-009) and is zoned CC. With an asking price of $3,690,000 ($118/SF) and a current NOI of $258,517, resulting in a 7.00% cap rate, this investment offers significant upside potential. The property's prime location, near the US-95 freeway and the expansive Henderson Town Center (a 250,000-square-foot shopping center), benefits from high traffic counts (approximately 28,000 cars daily) and proximity to dense multifamily housing (1,762 units within one mile). The current lease structure presents a significant value-add opportunity: only two tenants are on triple-net leases, and many tenants are on short-term leases paying below-market rents. This allows for potential lease renewals at increased rates, conversion of gross leases to triple-net leases, and replacement of underperforming tenants, ultimately enhancing income and property value.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,210,000
      ML approach
      $2,300,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,866,000
      Market price range: $663k - $3.75M

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

    Location Insight

    • Map
    • Local Demand
    City
    Henderson
    County
    Clark
    State
    Nevada
    Longitude
    -115.073
    Latitude
    36.0758
    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
    $21,107
    $321,692
    $699,311
    $1,021,003
    -
    $919,120
    $1,998,031
    $2,917,151

    Comparable in this City

    • Value Estimation
      $1,785,000
      145,652 SF

      400 Stephanie St, Unit 415

      OFFICE BUILDING • 145,652 SF
      400 Stephanie St, Henderson, NV 89014-6676
      View Details
    • Value Estimation
      $1,185,000
      42,988 SF

      1701 Whitney Mesa Dr

      OFFICE BUILDING • 42,988 SF
      1701 Whitney Mesa Dr, Henderson, NV 89014-2058
      View Details
    • Value Estimation
      $440,000
      1,514 SF

      1546 Warm Spgs Rd Ste, Unit 120

      OFFICE BUILDING • 1,514 SF
      1546 Warm Spgs Rd Ste, Henderson, NV 89014-4326
      View Details
    • Value Estimation
      $380,000
      2,795 SF

      375 Stephanie St, Unit 15

      OFFICE BUILDING • 2,795 SF
      375 Stephanie St, Henderson, NV 89014-8771
      View Details
    • Value Estimation
      $375,000
      5,589 SF

      375 Stephanie St, Unit 16

      OFFICE BUILDING • 5,589 SF
      375 Stephanie St, Henderson, NV 89014-8771
      View Details
    • Value Estimation
      $375,000
      5,589 SF

      375 Stephanie St, Unit 23

      OFFICE BUILDING • 5,589 SF
      375 Stephanie St, Henderson, NV 89014-8771
      View Details

    Similar Nearby for Sale

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      Henderson Office Complex: Prime Investment

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      Sunset Ridge Plaza: Investment Opportunity

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      Henderson Warehouse Space For Sale

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    Similar Nearby for Lease

    • $2.00 SF/Yr
      37,096 SF

      Henderson Medical Office Space Available

      Two-story medical office building in established Henderson community.
      6301 S Mountain Vista St, Henderson, NV 89014
      View Details
    • $2.00 SF/Yr
      1,981 SF

      Henderson Office Space For Rent

      High-profile office complex with park-like setting and convenient highway access.
      1485 W Warm Springs Rd, Henderson, NV 89014
      View Details
    • $24 SF/Yr
      3,544 SF

      Gibson Center Medical Office Space

      Move-in ready medical office suites.
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      View Details
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      Henderson Medical Office Building

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      Henderson Executive Office Space

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    • $12 SF/Yr
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      Henderson Mixed-Use Investment Opportunity

      Gaming Bar, Office Space Available
      2920 Green Valley Pkwy, Henderson, NV 89014
      View Details
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    6250 South Mountain Vista St
    Henderson, NV 89014
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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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