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Property profile & analytics
OFF-MARKET
Estimated value
$4,475,000
Warehouses
7380 Commercial Way Henderson, NV 89011-6627
Entity Owned
2-yr Hold
Free & Clear
Property ID
US62-0218392
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2001
Construction
CONCRETE
Total area
22,464 SF
Lot
1.29 ac (56,192 SF)
APN
178-11-115-004
UPID
US62-0218392
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
-
Sunrise Mechanical General Contractor Construction Company
-
Sunrise Air Systems Hardware & Home Improvement HVAC Service
-
Sunrise Service LLC HVAC Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.47M
CAP Approach
CAP
$3.58M
Comparable Approach
Comparable
$4.48M
Blend (final)
Blend
$4.48M
Owner & transaction history
Arc Henderson 7380 LLC · 2 yrs held
Arc Henderson 7380 LLC
since 2023
Last sale
$5.7M
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$7.0M
+91.1%
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
$3,490,000
ML approach
$3,470,000
CAP Approach
CAP Return
Estimation
6%
$3,875,000
6.5%
$3,575,000
7%
$3,320,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$3,670,000
Current use
OFFICE BUILDING
$7,015,000
Change: +91% · Conversion: Difficult
Blend value · Realmo final
$4.48M
Range $4.03M – $4.92M · ±10% · vs last sale $5.70M (Dec 29 2023)
Last sale anchor
$5.70M
Dec 29 2023
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
$199 / 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
$23,247
Tax year 2023
Assessed value
$1,153,903
Assessed 2024
Previous assessed
$1,060,237
+8.8% YoY
Effective rate
2.01%
On assessed value
Assessed land
$236,006
Assessed improvement
$917,897
Land market value
$674,303
Improvement market value
$2,622,563
Total market value
$3,296,866
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2001
Construction
CONCRETE
Heating
HEAT PUMP
Cooling
EVAPORATIVE
Stories
1
Total area
22,464 SF
Lot
1.29 ac (56,192 SF)
APN
178-11-115-004
UPID
US62-0218392
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
WAREHOUSE, STORAGE Current
Est. value
$3.7M
OFFICE BUILDING
Est. value
$7.0M
WAREHOUSE, STORAGE Current
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
2001
Construction
CONCRETE
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Lot
1.29 ac
Current owner
From public records · entity-resolved
Arc Henderson 7380 LLC
Entity
Free & Clear · 2 yrs held
Mailing address
7109 E 2ND ST STE #108, SCOTTSDALE, AZ 85251-5605
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 7, 2025
—
Arc Henderson 7380 LLC
—
Deed
related
$10,900,000 · Rga Reinsurance Company
Dec 29, 2023
$5,700,000
Arc Henderson 7380 LLC
7380 Commercial Way LLC
Limited Warranty Deed
—
Oct 16, 2019
—
7380 Commercial Way LLC
—
Grant Deed
related
$2,983,300 · Western Alliance Bk
Jul 15, 2003
$1,579,740
7380 Commercial Way LLC
Magnum Corporate Center LLC
Grant Deed
$2,000,000 · Merrill Lynch Business Finl Sv
Jul 25, 2000
$502,500
Magnum Corporate Center LLC
Magnum Opus LLC
Grant Deed
related
$1,800,000 · Grand Pacific Financing Corp
—
—
7380 Commercial Way LLC
—
Deed Of Trust
related
$1,002,778 · Gordon S D & A R Living Trust
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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