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Property profile & analytics
OFF-MARKET
Estimated value
$610,000
Retail space
640 Eastgate Rd Henderson, NV 89011-2612
Trust Owned
3-yr Hold
Free & Clear
Property ID
US62-0359949
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
1,458 SF
Lot
0.39 ac (16,988 SF)
APN
178-02-610-006
UPID
US62-0359949
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
-
Paws 'n Claws Pet Grooming Service
-
Paw's N Claws Pet Resort (Bike/Boat/Book/etc) Store Pet Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$540k
CAP Approach
CAP
$515k
Comparable Approach
Comparable
$611k
Blend (final)
Blend
$610k
Owner & transaction history
The Vj Han Irrevocable Trust · 3 yrs held
The Vj Han Irrevocable Trust
since 2022
Last sale
$755,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$655,000
+62.8%
Neighborhood: shopping center
$640,000
+60.0%
Office building
$455,000
+13.4%
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
$640,000
ML approach
$540,000
CAP Approach
CAP Return
Estimation
6%
$555,000
6.5%
$515,000
7%
$475,000
Alternative Use
Use
Estimation
RETAIL STORES
$400,000
Current use
AUTO REPAIR, GARAGE
$655,000
Change: +63% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$640,000
Change: +60% · Conversion: Moderate
OFFICE BUILDING
$455,000
Change: +13% · Conversion: Easy
Blend value · Realmo final
$610k
Range $549k – $671k · ±10% · vs last sale $755k (Sep 22 2022)
Last sale anchor
$755k
Sep 22 2022
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
$418 / 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
$2,756
Tax year 2023
Assessed value
$153,169
Assessed 2024
Previous assessed
$145,076
+5.6% YoY
Effective rate
1.80%
On assessed value
Assessed land
$71,350
Assessed improvement
$81,819
Land market value
$203,857
Improvement market value
$233,769
Total market value
$437,626
Applied tax rate
521.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Stories
1
Total area
1,458 SF
Lot
0.39 ac (16,988 SF)
APN
178-02-610-006
UPID
US62-0359949
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
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$400,000
AUTO REPAIR, GARAGE
Est. value
$655,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$640,000
OFFICE BUILDING
Est. value
$455,000
RETAIL STORES Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Stories
1
Lot
0.39 ac
Current owner
From public records · entity-resolved
The Vj Han Irrevocable Trust
Trust
Free & Clear · 3 yrs held
Mailing address
6274 W ROME BLVD, LAS VEGAS, NV 89131-3108
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 22, 2022
—
The Vj Han Irrevocable Trust
Vincent Han
Quit Claim Deed
related
—
Dec 7, 2021
—
Eastgate Nine LLC
—
Deed
related
$945,000 · Clark County Cu
Mar 14, 2018
$755,000
Eastgate Nine LLC
Larry & Donna Smith LLC
Bargain And Sale Deed
$852,200 · Umpqua Bank
Apr 5, 2013
$625,000
Larry & Donna Smith LLC
Bounty,teresa
Grant Deed
$319,473 · Nevada State Bank
Oct 9, 2002
—
Teresa K Bounty
Bounty,teresa
Quit Claim Deed
related
$191,000 · Nevada State Development Corp
Feb 19, 1992
$220,000
Teresa Bounty
Unknown
Grant Deed
$165,000 · Private
—
—
Larry & Donna Smith LLC
—
Deed Of Trust
related
$233,000 · Nevada State Development Corp
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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