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Property profile & analytics
FOR SALE
Industrial properties
7490 Commercial Way Henderson, NV 89011
Entity Owned
1-yr Hold
Free & Clear
Property ID
US62-0270095
No photos on file
For Sale
$8,000,000
7490 Commercial Way, Henderson, NV 89011
View Listing →
Property profile
Verified
Property type
Industrial properties
Use group
HEAVY INDUSTRIAL
Year built
2001
Construction
CONCRETE
Total area
27,519 SF
Lot
1.47 ac (64,033 SF)
APN
178-11-115-009
UPID
US62-0270095
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
-
Infinity Auto Insurance Corporate Office
-
Bechtel Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.61M
Comparable Approach
Comparable
$5.66M
Blend (final)
Blend
$5.51M
Owner & transaction history
Brain Real Estate LLC · 1 yrs held
Brain Real Estate LLC
since 2025
Last sale
$7.6M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$8.6M
+68.7%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,910,000
6.5%
$3,610,000
7%
$3,350,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$5,095,000
Current use
OFFICE BUILDING
$8,595,000
Change: +69% · Conversion: Difficult
Blend value · Realmo final
$5.51M
Range $4.96M – $6.06M · ±10% · vs last sale $7.58M (Oct 3 2024)
Last sale anchor
$7.58M
Oct 3 2024
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
$200 / 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
$19,321
Tax year 2023
Assessed value
$1,018,345
Assessed 2024
Previous assessed
$942,772
+8.0% YoY
Effective rate
1.90%
On assessed value
Assessed land
$268,939
Assessed improvement
$749,406
Land market value
$768,397
Improvement market value
$2,141,160
Total market value
$2,909,557
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
Industrial properties
Use group
HEAVY INDUSTRIAL
Status
For Sale
Year built
2001
Construction
CONCRETE
Heating
HEAT PUMP
Cooling
EVAPORATIVE
Stories
1
Total area
27,519 SF
Lot
1.47 ac (64,033 SF)
APN
178-11-115-009
UPID
US62-0270095
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
INDUSTRIAL (GENERAL) Current
Est. value
$5.1M
OFFICE BUILDING
Est. value
$8.6M
INDUSTRIAL (GENERAL) 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
1.47 ac
Current owner
From public records · entity-resolved
Brain Real Estate LLC
Entity
Free & Clear · 1 yrs held
Mailing address
1051 OLSEN ST STE #3911, HENDERSON, NV 89011-3162
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 3, 2025
$7,575,000
Brain Real Estate LLC
Lake Las Vegas Property Investments
Bargain & Sale Deed
—
Feb 24, 2020
—
Lake Las Vegas Prop Invs LLC
—
Deed
related
$2,200,000 · Bank Of America
Jan 3, 2020
—
Lake Las Vegas Prop Invs LLC
—
Deed
related
$2,200,000 · Bank Of America
Oct 28, 2010
$2,150,000
Lake Las Vegas Prop Invs LLC
Calmart LP
Grant Deed
$1,612,500 · Bank Of America
Jul 28, 2004
$1,943,000
Calmart LP
Magnum Cororate Center LLC
Grant Deed
—
—
—
Lake Las Vegas Prop Invs LLC
—
Deed Of Trust
related
$2,200,000 · Bank Of America
—
—
Lake Las Vegas Prop Invs LLC
—
Deed Of Trust
related
$2,200,000 · Bank Of America
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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