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Property profile & analytics
OFF-MARKET
Estimated value
$2,405,000
Office buildings
900 Galleria Dr Henderson, NV 89011-4806
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US62-0525263
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2014
Construction
FRAME
Total area
5,640 SF
Lot
22.68 ac (987,941 SF)
APN
161-35-402-021
UPID
US62-0525263
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
-
Cowabunga Bay Water Park Water Park Park
-
Dippin Dots Grocery & Convenience Store Specialty Food Shop
-
Cowabunga Bay Food court Restaurant Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.08M
CAP Approach
CAP
$1.52M
Comparable Approach
Comparable
$2.35M
Blend (final)
Blend
$2.41M
Owner & transaction history
Vegas Wp East LLC · 4 yrs held
Vegas Wp East LLC
since 2022
Last sale
$2.3M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$3.9M
+123.9%
Restaurant
$3.6M
+103.6%
Auto repair, garage
$2.5M
+43.5%
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
$2,550,000
ML approach
$3,080,000
CAP Approach
CAP Return
Estimation
6%
$1,645,000
6.5%
$1,520,000
7%
$1,410,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,760,000
Current use
MEDICAL BUILDING
$3,945,000
Change: +124% · Conversion: Easy
RESTAURANT
$3,585,000
Change: +104% · Conversion: Moderate
AUTO REPAIR, GARAGE
$2,530,000
Change: +43% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,485,000
Change: +41% · Conversion: Difficult
RETAIL STORES
$1,555,000
Change: -12% · Conversion: Moderate
Blend value · Realmo final
$2.41M
Range $2.16M – $2.65M · ±10% · vs last sale $2.28M (Mar 15 2022)
Last sale anchor
$2.28M
Mar 15 2022
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
$426 / 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
$153,126
Tax year 2023
Assessed value
$8,423,869
Assessed 2024
Previous assessed
$7,246,746
+16.2% YoY
Effective rate
1.82%
On assessed value
Assessed land
$4,149,352
Assessed improvement
$4,274,517
Land market value
$11,855,291
Improvement market value
$12,212,906
Total market value
$24,068,197
Applied tax rate
523.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2014
Construction
FRAME
Heating
YES
Cooling
YES
Buildings
6
Stories
1
Total area
5,640 SF
Lot
22.68 ac (987,941 SF)
APN
161-35-402-021
UPID
US62-0525263
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
OFFICE BUILDING Current
Est. value
$1.8M
MEDICAL BUILDING
Est. value
$3.9M
RESTAURANT
Est. value
$3.6M
AUTO REPAIR, GARAGE
Est. value
$2.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.5M
RETAIL STORES
Est. value
$1.6M
OFFICE BUILDING Current
MEDICAL BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
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
2014
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Buildings
6
Lot
22.68 ac
Current owner
From public records · entity-resolved
Vegas Wp East LLC
Entity
Mailing address
900 W GALLERIA DR, HENDERSON, NV 89011-4806
Mailing matches property
Yes
Owner-occupied
Yes
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 15, 2022
—
Vegas Wp East LLC
Henderson Water Park LLC
Intrafamily Transfer
related
$24,000,000 · Washington Federal NA
Mar 31, 2020
—
Henderson Water Park LLC
—
Deed
related
$300,000 · Washington Fed'l Bk
Mar 9, 2017
—
Henderson Water Park LLC
—
Deed
related
$300,000 · Bank Of Ut
Aug 23, 2013
$2,284,367
Henderson Water Park LLC
Cowabunga Bay Lv Land LLC
Warranty Deed
—
—
—
Henderson Water Park LLC
—
Deed Of Trust
related
$12,200,000 · Bank Of Ut
—
—
Henderson Water Park LLC
—
Deed Of Trust
related
$300,000 · Washington Fed'l Bk
—
—
Henderson Water Park LLC
—
Deed Of Trust
related
$13,200 · Washington Fed'l Bk
—
—
Henderson Water Park LLC
—
Deed Of Trust
related
$300,000 · Bank Of Ut
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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