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    855 Wigwam Pkwy Henderson, NV 89014-6772
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    Property profile & analytics

    855 Wigwam Pkwy Henderson, NV 89014-6772

    View on Map
    • Warehouses
    • 241,207 SF
    • 13.42 lot acres
    Off-Market
    Last Sale Jul 7, 2021
    $42,850,000
    Property ID
    US62-0613664
    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
    $41,285,000
    Show details
    Cap Rate Potential
    6.1%
    Warehouses
    Location Intelligence

    Current Use by Public Records

    • Anti-Aging Testosterone and HGH Therapy Clinic / Medical Clinic
    • Core Mark International / Distribution Center / Logistics Company

    Property Details for 855 Wigwam Pkwy

    Year built
    2016
    Construction
    CONCRETE
    Lot size
    13.42 lot acres
    Property size
    241,207 SF
    Property type
    Warehouses
    APN
    178-14-212-006
    APU
    17814212006

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $41,035,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $41,600,000
      6.5%
      $38,400,000
      7%
      $35,660,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $55,217,000
      Market price range: $39.5M - $56.0M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $44,415,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Henderson
    County
    Clark
    State
    Nevada
    Longitude
    -115.022
    Latitude
    36.0348
    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
    $217,651
    $2,721,197
    $7,423,277
    $10,144,474
    -
    $7,774,849
    $21,209,363
    $28,984,212

    Comparable in this City

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      49,384 SF

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      WAREHOUSE, STORAGE • 49,384 SF
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      View Details
    • Value Estimation
      $8,385,000
      91,750 SF

      16 Sunset Way Ste, Unit 110

      WAREHOUSE, STORAGE • 91,750 SF
      16 Sunset Way Ste, Henderson, NV 89014-2064
      View Details
    • Value Estimation
      $28,200,000
      297,865 SF

      875 American Pacific Dr

      WAREHOUSE, STORAGE • 297,865 SF
      875 American Pacific Dr, Henderson, NV 89014-8810
      View Details
    • Value Estimation by Request
      0.81 Acres

      4056 Sunset Rd

      MINI-WAREHOUSE, STORAGE • 0.81 Acres
      4056 Sunset Rd, Henderson, NV 89014-0214
      View Details
    • Value Estimation
      $530,000
      4,368 SF

      112 Cassia Way

      WAREHOUSE, STORAGE • 4,368 SF
      112 Cassia Way, Henderson, NV 89014-6415
      View Details
    • Value Estimation by Request
      2,400 SF

      1975 Whitney Mesa Dr

      WAREHOUSE, STORAGE • 2,400 SF
      1975 Whitney Mesa Dr, Henderson, NV 89014-2041
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      14,091 SF

      Henderson Warehouse Near I-95

      Warehouse in Henderson, NV, with easy access to I-95.
      1850 Whitney Mesa Dr, Henderson, NV 89014
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      8,751 SF

      Tech-Appeal Flex Building For Sale

      Freestanding industrial building converted into tech company office and training space.
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      View Details
    • $2,595,000
      8,826 SF

      Whitney Ranch High-Visibility Commercial Building

      Premier 8,826 SF owner-user opportunity in Henderson, Nevada.
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      17,990 SF

      Henderson Retail Space For Sale

      Retail space available in Henderson, Nevada, totaling 17,990 SqFt.
      1331 W Warm Springs Rd, Henderson, NV 89014
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    • Contact for pricing
      8,751 SF

      Henderson Office Building For Sale

      8,751 SF office building available in Henderson, Nevada.
      3-5 Longevity Dr, Henderson, NV 89014
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    • Contact for pricing
      23,483 SF

      Henderson Office Building For Sale

      Office building with 23,483 square feet available for sale.
      2920 N Green Valley Pkwy, Henderson, NV 89014
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    Similar Nearby for Lease

    • $1.75 SF/Yr

      Retail Space in Busy Center

      Retail spaces available in a well-established Henderson neighborhood center.
      1501 W Sunset Rd, Henderson, NV 89014
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    • $0.60 SF/Yr
      8,413 SF

      Henderson Industrial Warehouse/Office Space

      Industrial warehouse/office space in Henderson with easy highway access.
      975 American Pacific Dr, Henderson, NV 89014
      View Details
    • Contact for pricing
      7,680 SF

      AmPac Industrial Park Sublease

      7,680 SF suite in excellent condition for sublease.
      180 Cassia Way, Henderson, NV 89014
      View Details
    • Contact for pricing

      Henderson Industrial Warehouse/Office Space

      Industrial warehouse and office spaces available for lease in Henderson.
      975 American Pacific Dr, Henderson, NV 89014
      View Details
    • Contact for pricing
      14,690 SF

      Henderson Warehouse Space Available

      14,690 SF warehouse space available in July 2025.
      180-194 American Pacific Dr, Henderson, NV 89014
      View Details
    • Sponsored
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      Contact for pricing

      NV, Henderson - Mountain Vista St

      Workspaces, services and support to help you work better in IL, Vernon Hills - Atrium Dr
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      View Details
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    Henderson, NV 89014-6772
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    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
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