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Property profile & analytics
OFF-MARKET
Estimated value
$438,265,000
Parking lots & garages
777 Lk Mead Pkwy Henderson, NV 89015-6601
Entity Owned
3-yr Hold
Free & Clear
Property ID
US62-0273988
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Year built
2006
Construction
FRAME
Total area
396,792 SF
Lot
35.3 ac (1,537,668 SF)
APN
178-13-301-017
UPID
US62-0273988
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
-
Global Cash Access Check Cashing
-
Nevada Division of Public and Behavioral Health Medical Laboratory
-
Three Square Food Bank - Mobile Food Pantry Food Bank Charitable Organization
-
Fiesta Henderson Bingo Room Bingo Hall
-
Subway Restaurant Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$443.37M
Blend (final)
Blend
$438.27M
Owner & transaction history
City Of Henderson Redevelopment Age · 3 yrs held
City Of Henderson Redevelopment Age
since 2022
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
PARKING LOT
$386,430,000
Current use
COMMERCIAL (GENERAL)
$378,995,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$438.27M
Range $394.44M – $482.09M · ±10%
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
$1,105 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$377,019
Tax year 2022
Assessed value
$15,672,778
Assessed 2023
Previous assessed
$15,672,778
+0.0% YoY
Effective rate
2.41%
On assessed value
Assessed land
$8,610,941
Assessed improvement
$7,061,837
Land market value
$24,602,689
Improvement market value
$20,176,677
Total market value
$44,779,366
Applied tax rate
503.0000
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
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Status
Off-Market
Year built
2006
Construction
FRAME
Heating
HEAT PUMP
Cooling
AC.CHILLED WATER
Buildings
2
Stories
3
Units
470
Total area
396,792 SF
Lot
35.3 ac (1,537,668 SF)
APN
178-13-301-017
UPID
US62-0273988
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
PARKING LOT Current
Est. value
$386.4M
COMMERCIAL (GENERAL)
Est. value
$379.0M
PARKING LOT Current
COMMERCIAL (GENERAL)
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
2006
Construction
FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
3
Buildings
2
Units
470
Lot
35.3 ac
Current owner
From public records · entity-resolved
City Of Henderson Redevelopment Age
Entity
Free & Clear · 3 yrs held
Mailing address
280 S WATER ST #512, HENDERSON, NV 89015-7227
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 23, 2022
—
City Of Henderson Redevelopment Age
Np Lake Mead LLC
Bargain And Sale Deed
—
Nov 7, 2022
—
Np Lake Mead LLC
Regal Cinemas INC
Lease
—
Apr 9, 2019
—
Np Lake Mead LLC
—
Loan Modification
related
$115,000,000 · Deutsche Bk Ag Cayman Iss Br
Jul 25, 2017
—
Np Lake Mead LLC
—
Loan Modification
related
$250,000,000 · Deutsche Bk Ag Cayman Iss Br
Mar 1, 2017
—
Np Lake Mead LLC
—
Loan Modification
related
—
Jun 17, 2011
—
Np Lake Mead LLC
Lake Mead Station INC
Quit Claim Deed
related
—
Nov 13, 2007
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
Oct 16, 2007
—
Lake Mead Station Holdings LLC
Levy Realty Trust
Quit Claim Deed
related
—
—
—
Np Lake Mead LLC
—
Deed Of Trust
related
$775,000 · Deutsche Bank Ag Cayman Iss Br
—
—
Np Lake Mead LLC
—
Loan Modification
related
—
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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