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Property profile & analytics
OFF-MARKET
Estimated value
$645,000
Bars & Pubs
646 Horizon Dr Henderson, NV 89015
Entity Owned
6-yr Hold
Free & Clear
Property ID
US62-0404392
Property profile
Verified
Property type
Bars & Pubs
Use group
BAR, TAVERN
Year built
2021
Construction
FRAME
Total area
4,742 SF
Lot
0.89 ac (38,768 SF)
APN
179-29-516-003
UPID
US62-0404392
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
-
Putter's Bar and Grill Horizon Bar & Pub Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$660k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$457k
Blend (final)
Blend
$645k
Owner & transaction history
East Horizon Cap Mgmt LLC · 6 yrs held
East Horizon Cap Mgmt LLC
since 2020
Last sale
$600,000
7 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
$715,000
ML approach
$660,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$645k
Range $581k – $710k · ±10% · vs last sale $600k (Apr 24 2020)
Last sale anchor
$600k
Apr 24 2020
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
$136 / 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
$10,983
Tax year 2023
Assessed value
$459,778
Assessed 2024
Previous assessed
$393,498
+16.8% YoY
Effective rate
2.39%
On assessed value
Assessed land
$101,766
Assessed improvement
$358,012
Land market value
$290,760
Improvement market value
$1,022,891
Total market value
$1,313,651
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
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
Bars & Pubs
Use group
BAR, TAVERN
Status
Off-Market
Year built
2021
Construction
FRAME
Heating
YES
Cooling
YES
Stories
1
Total area
4,742 SF
Lot
0.89 ac (38,768 SF)
APN
179-29-516-003
UPID
US62-0404392
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
2021
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Lot
0.89 ac
Current owner
From public records · entity-resolved
East Horizon Cap Mgmt LLC
Entity
Free & Clear · 6 yrs held
Mailing address
3755 BREAKTHROUGH WAY STE #250, LAS VEGAS, NV 89135-3056
Ownership since
2020
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
Jun 30, 2021
—
East Horizon Capital Management LLC
—
Deed
related
$1,825,000 · Clark County Cu
Apr 24, 2020
$600,000
East Horizon Cap Mgmt LLC
Diablo Triangle LLC
Grant Deed
—
Aug 28, 2019
$325,000
East Horizon Dev LLC
Gibson,james & Natalie
Grant Deed
—
Aug 28, 2019
$600,000
Diablo Triangle LLC
East Horizon Dev LLC
Grant Deed
—
Mar 9, 2016
—
James Gibson
Gibson,natalie S
Quit Claim Deed
related
—
Mar 9, 2016
$80,000
James Gibson
Chsc LLC
Grant Deed
—
—
—
Chsc LLC
—
Deed Of Trust
related
$90,000 · Michael D White
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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