Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    650 Horizon Dr Henderson, NV 89015-8491
    Back to Search
    Property profile & analytics

    650 Horizon Dr, Henderson, NV 89015-8491

    View on Map
    • Strip malls
    • 12,272 SF
    • 1.36 lot acres
    Off-Market
    Last Sale Jan 14, 2022
    $2,750,000
    Property ID
    US62-0068245
    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.
    Value Estimations
    $2,540,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Bitcoin ATM Henderson - Coinhub / Atm / Currency Exchange Service
    • J Hair Salon / Hair Salon / Nail Salon
    • J Hair Salon Henderson / Hair Salon
    • Beauty Nail Salon / Nail Salon
    • CoinFlip Bitcoin ATM / Atm / Currency Exchange Service

    Property Details for 650 Horizon Dr

    Year built
    1999
    Construction
    FRAME
    Lot size
    1.36 lot acres
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    179-29-501-006
    APU
    17929501006

    Description

    This prime 13,980 square foot Class A retail strip center is located at 650 E Horizon Dr, Henderson, NV 89015. Built in 1999, the single-story building sits on a 1.36-acre lot and is zoned CN. The property boasts excellent visibility and accessibility, with convenient access from College Drive and Horizon Drive, providing easy access from both Boulder City and Henderson/Las Vegas. Currently, there is 2,080 square feet of vacant space available, perfect for a variety of retail uses. The center is situated in an established area of Henderson, near the College of Southern Nevada, ensuring a strong customer base. The property benefits from high traffic counts and is surrounded by strong national tenants and residential neighborhoods. This presents a unique investment opportunity in a thriving retail market. The property features a total of 13,980 square feet, with one building. The property's location offers significant advantages for businesses seeking high visibility and convenient access for customers. This is an exceptional opportunity to acquire a well-located retail property in a high-growth area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,330,000
      ML approach
      $2,325,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Henderson
    County
    Clark
    State
    Nevada
    Longitude
    -114.964
    Latitude
    36.0115
    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
    $14,045
    $207,347
    $300,356
    $507,703
    -
    $592,420
    $858,160
    $1,450,580

    Comparable in this City

    • Value Estimation
      $7,595,000
      27,156 SF

      771 Horizon Dr

      SHOPPING CENTER, STRIP CENTER
      771 Horizon Dr, Henderson, NV 89015-8405
      View Details
    • Value Estimation
      $1,485,000
      6,052 SF

      865 Lk Mead Pkwy

      SHOPPING CENTER, STRIP CENTER
      865 Lk Mead Pkwy, Henderson, NV 89015-5501
      View Details
    • Value Estimation
      $1,740,000
      8,035 SF

      827 Boulder Hwy

      SHOPPING CENTER, STRIP CENTER
      827 Boulder Hwy, Henderson, NV 89015-8153
      View Details
    • Value Estimation
      $1,360,000
      6,000 SF

      110 Boulder Hwy

      SHOPPING CENTER, STRIP CENTER
      110 Boulder Hwy, Henderson, NV 89015-1538
      View Details
    • Value Estimation
      $12,890,000
      58,857 SF

      898 Boulder Hwy

      SHOPPING CENTER, STRIP CENTER
      898 Boulder Hwy, Henderson, NV 89015-7502
      View Details
    • Value Estimation
      $1,975,000
      14,786 SF

      1469 Lk Mead Pkwy

      SHOPPING CENTER, STRIP CENTER
      1469 Lk Mead Pkwy, Henderson, NV 89015-4637
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      19,670 SF

      Henderson Shopping Center For Sale

      Fully occupied shopping center in Henderson, Nevada, anchored by Albertsons.
      170-190 N Boulder Hwy, Henderson, NV 89015
      View Details
    • Contact for pricing
      179,920 SF

      Diversified Retail Center Portfolio

      Eight retail centers across the Western US for sale.
      1421 S Boulder Hwy, Henderson, NV 89015
      View Details
    • Contact for pricing
      3,800 SF

      Boulder Highway Retail NNN Lease

      Retail property with a new 15-year absolute triple net lease.
      1461 S Boulder Hwy, Henderson, NV 89015
      View Details
    • Contact for pricing

      Henderson Redevelopment Opportunity Zone Property

      Eleven parcels for redevelopment in Henderson's Opportunity Zone.
      Lk Mead Blvd. & Atlantic St, Henderson, NV 89015
      View Details
    • $1,695,000

      Henderson Multifamily Investment Opportunity

      Turn-key 12-unit apartment complex in Henderson, Nevada.
      808 Center St, Henderson, NV 89015
      View Details
    • $450,000
      0.97 Acres

      Land in Upscale Henderson Neighborhood

      Nearly one acre lot to build your dream home.
      Emden St, Henderson, NV 89015
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Boulder Marketplace Anchor Store Opportunity

      Anchor store in Boulder Marketplace with high visibility and ample parking.
      716 S Boulder Hwy, Henderson, NV 89015
      View Details
    • Contact for pricing

      College Square Retail Center Space

      Retail space available in College Square shopping center.
      Nwc College & Horizon, Henderson, NV 89015
      View Details
    • Contact for pricing

      Henderson Plaza Retail Space

      Neighborhood shopping center in Henderson, Nevada, with diverse tenant mix.
      524 S Boulder Hwy, Henderson, NV 89015
      View Details
    • Contact for pricing
      2,200 SF

      Retail Space on Boulder Highway

      Retail spaces available on Boulder Highway with high visibility.
      522-538 S Boulder Hwy, Henderson, NV 89015
      View Details
    • Contact for pricing
      6,000 SF

      Retail Space on Boulder Highway

      Retail spaces available on Boulder Highway with high visibility.
      590 S Boulder Hwy, Henderson, NV 89015
      View Details
    • Contact for pricing

      Retail Space in Cornet Plaza

      Retail space available in busy Henderson shopping center.
      771 E Horizon Dr, Henderson, NV 89015
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    650 Horizon Dr
    Henderson, NV 89015-8491
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    650 Horizon Dr, Henderson, NV, 89015
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!