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Property profile & analytics
OFF-MARKET
Estimated value
$3,915,000
Warehouses
989 Boulder Hwy Henderson, NV 89015-7515
Entity Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US62-0022764
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2002
Construction
STEEL FRAME
Total area
33,600 SF
Lot
9.56 ac (416,434 SF)
APN
179-20-702-001
UPID
US62-0022764
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
-
U-Haul Moving & Storage at College Dr Storage Facility
-
U-Haul Moving & Storage of Black Mountain Car Rental Facility
-
U-Box at U-Haul Moving Company Storage Facility
-
Truck Sales at U-Haul Car Dealership
-
Truck Rental at U-Haul Car Rental Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.25M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.92M
Owner & transaction history
Five Sac Rw LLC · 10 yrs held
Five Sac Rw LLC
since 2016
6 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%
$5,685,000
6.5%
$5,250,000
7%
$4,875,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$5,845,000
Current use
Blend value · Realmo final
$3.92M
Range $3.52M – $4.31M · ±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
$117 / 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
$71,576
Tax year 2023
Assessed value
$3,012,405
Assessed 2024
Previous assessed
$2,690,941
+11.9% YoY
Effective rate
2.38%
On assessed value
Assessed land
$983,826
Assessed improvement
$2,028,579
Land market value
$2,810,931
Improvement market value
$5,795,940
Total market value
$8,606,871
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
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2002
Construction
STEEL FRAME
Heating
SPACE
Buildings
7
Stories
2
Units
753
Total area
33,600 SF
Lot
9.56 ac (416,434 SF)
APN
179-20-702-001
UPID
US62-0022764
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
$5.8M
WAREHOUSE, STORAGE Current
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
2002
Construction
STEEL FRAME
Heating
SPACE
Stories
2
Buildings
7
Units
753
Lot
9.56 ac
Current owner
From public records · entity-resolved
Five Sac Rw LLC
Entity
Mailing address
207 E CLARENDON AVE, PHOENIX, AZ 85012-2072
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
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 24, 2016
—
Five Sac Rw LLC
Five Sac 905 LLC
Quit Claim Deed
related
$64,000,000 · Miscellaneous Ins Co
Oct 11, 2005
$6,647,068
Five Sac 905 LLC
Oxford Life Insurance Co
Bargain And Sale Deed
$14,311,000 · Lehman Brothers Bank Fsb
Aug 20, 2003
$7,548,000
Oxford Life Insurance Co
Five Sac Self-storage Corp
Grant Deed
—
Mar 17, 2000
$1,300,000
Five Sac Self-storage Corp
Tiberti Trust
Grant Deed
—
Oct 1, 1998
$3,000
LP Telleria
Telleria Trust
Grant Deed
related
—
Sep 22, 1998
—
Dickinson Trust
Bronken,paul B & Ethel E
Grant Deed
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.
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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