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Property profile & analytics
OFF-MARKET
Estimated value
$3,475,000
Drug stores
650 Grn Vly Pkwy Henderson, NV 89052-0424
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US62-0138810
Property profile
Verified
Property type
Drug stores
Use group
DRUG STORE, PHARMACY
Year built
2002
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
11,942 SF
Lot
1.35 ac (58,806 SF)
APN
178-29-313-005
UPID
US62-0138810
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
-
Desert Ketamine Clinic Medical Clinic
-
Gogadget - Game Console Repair Electronics & Wireless Store Computer & Electronic Repair
-
Sky View Counseling Counselor
-
Henderson Women's Care - (Dr. Tanita, Dr. Pena, Dr. Goravanchi, Dr. Hernandez, Cody Thorson PA-C & Amy Monrreal PA-C) Medical Clinic
-
Dr. Douglas Tanita Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.58M
CAP Approach
CAP
$4.21M
Comparable Approach
Comparable
$4.42M
Blend (final)
Blend
$3.48M
Owner & transaction history
Green Valley Ventures LP · 1 yrs held
Green Valley Ventures LP
since 2025
Last sale
$3.5M
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$5.4M
+62.8%
Neighborhood: shopping center
$4.6M
+41.3%
Office building
$4.0M
+22.3%
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
$2,730,000
ML approach
$2,580,000
CAP Approach
CAP Return
Estimation
6%
$4,555,000
6.5%
$4,205,000
7%
$3,905,000
Alternative Use
Use
Estimation
RETAIL STORES
$3,290,000
Current use
AUTO REPAIR, GARAGE
$5,355,000
Change: +63% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$4,645,000
Change: +41% · Conversion: Moderate
OFFICE BUILDING
$4,020,000
Change: +22% · Conversion: Easy
Blend value · Realmo final
$3.48M
Range $3.13M – $3.82M · ±10% · vs last sale $3.45M (Feb 19 2025)
Last sale anchor
$3.45M
Feb 19 2025
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
$291 / 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
$18,589
Tax year 2023
Assessed value
$1,506,651
Assessed 2024
Previous assessed
$1,365,193
+10.4% YoY
Effective rate
1.23%
On assessed value
Assessed land
$823,284
Assessed improvement
$683,367
Land market value
$2,352,240
Improvement market value
$1,952,477
Total market value
$4,304,717
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
Drug stores
Use group
DRUG STORE, PHARMACY
Status
Off-Market
Year built
2002
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Total area
11,942 SF
Lot
1.35 ac (58,806 SF)
APN
178-29-313-005
UPID
US62-0138810
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
$3.3M
AUTO REPAIR, GARAGE
Est. value
$5.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.6M
OFFICE BUILDING
Est. value
$4.0M
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
2002
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Lot
1.35 ac
Current owner
From public records · entity-resolved
Green Valley Ventures LP
Entity
Mailing address
PO BOX 1610, COCKEYSVILLE, MD 21030-7610
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 19, 2025
$3,450,000
Green Valley Ventures LP
Cvs 2948 Henderson LLC
Bargain & Sale Deed
$4,030,000 · Texas Exchange Bank Ssb
Feb 19, 2025
—
Quick Quack Car Wash Holdings LLC
Green Valley Ventures LP
Deed
—
Oct 26, 2022
$993,000
Munk Properties LLC
Titanium Building Group LLC
Bargain & Sale Deed
$794,400 · Clark County Cu
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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