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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Henderson, NV 89012

    • Office buildings
    • 2,926 SF
    • 0.07 lot acres
    OFF-MARKET
    Last Sale
    Dec 02, 2024
    $1,435,000
    Value Estimations
    $1,435,000
    Show details
    Cap Rate Potential
    3.6%
    Office buildings
    Location Intelligence
    Property ID
    US62-0807450
    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.

    Current Use by Public Records

    • Isalis / Women'S Clothing Store / Jewelry Store
    • Party City / Party Store / Balloon Store
    • Skunk Funk / Wholesaler / Clothing Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / Outdoor Clothing And Equipment Shop

    Property Details

    Year built
    2008
    Construction
    FRAME
    Lot size
    0.07 lot acres
    Property size
    2,926 SF
    Property type
    Office buildings
    APN
    178-21-423-010
    APU
    17821423010

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,435,000
      ML approach
      $1,435,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,218,000
      Market price range: $737k - $1.22M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $915,000
      Current use
      MEDICAL BUILDING
      $2,045,000
      Change: +124% Conversion: Easy
      AUTO REPAIR, GARAGE
      $1,310,000
      Change: +43% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $1,290,000
      Change: +41% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Henderson
    County
    Clark
    State
    Nevada
    Longitude
    -115.059
    Latitude
    36.0135
    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
    $6,774
    $71,564
    $272,016
    $343,580
    -
    $204,469
    $777,189
    $981,658

    Comparable in this City

    • Value Estimation
      $3,900,000
      18,912 SF

      1070 Horizon Rdg Pkwy

      OFFICE BUILDING • 18,912 SF
      1070 Horizon Rdg Pkwy, Henderson, NV 89012-6016
      View Details
    • Value Estimation
      $2,055,000
      9,228 SF

      1671 Horizon Rdg Pkwy

      OFFICE BUILDING • 9,228 SF
      1671 Horizon Rdg Pkwy, Henderson, NV 89012-3522
      View Details
    • Value Estimation
      $965,000
      4,976 SF

      1748 Horizon Rdg Pkwy

      OFFICE BUILDING • 4,976 SF
      1748 Horizon Rdg Pkwy, Henderson, NV 89012-4833
      View Details
    • Value Estimation
      $1,145,000
      6,018 SF

      1744 Horizon Rdg Pkwy

      OFFICE BUILDING • 6,018 SF
      1744 Horizon Rdg Pkwy, Henderson, NV 89012-4833
      View Details
    • Value Estimation
      $1,365,000
      6,099 SF

      Henderson, NV 89012

      OFFICE BUILDING • 6,099 SF
      Henderson, NV 89012
      View Details
    • Value Estimation
      $4,765,000
      28,692 SF

      1700 Horizon Rdg Pkwy

      OFFICE BUILDING • 28,692 SF
      1700 Horizon Rdg Pkwy, Henderson, NV 89012-4839
      View Details

    Similar Nearby for Sale

    • $1,961,000
      4,493 SF

      Henderson Office Condo Investment

      High-yield, 100% occupied medical office building.
      1358 Paseo Verde Pkwy, Henderson, NV 89012
      View Details
    • $1,150,000
      3,040 SF

      Green Valley Ranch Office Opportunity

      Modern medical/professional office in affluent Henderson submarket.
      1669 W Horizon Ridge Pkwy, Henderson, NV 89012
      View Details
    • $1,426,260
      4,322 SF

      Henderson Office Space for Sale

      4,322 SF Office, Move-in Ready
      1378 Paseo Verde Pkwy, Henderson, NV 89012
      View Details
    • $6,406,650
      1.63 Acres

      MacDonald Highlands Land with Strip Views

      Exclusive guard-gated community land with panoramic city and Strip views.
      623 Grand Rim Dr, Henderson, NV 89012
      View Details
    • $4,650,000
      Pending

      Four Seasons Residences, Henderson, NV

      Luxury high-rise residences with Strip and mountain views.
      410 Rock Peak Dr, Henderson, NV 89012
      View Details
    • $628,888
      1.45 Acres

      Henderson, NV View Lot

      1.45 acre view lot in Henderson's desirable Palisades View.
      Palisades Vw Dr, Henderson, NV 89012
      View Details

    Similar Nearby for Lease

    • $23 SF/Yr
      982 SF

      Henderson Executive Office Suite

      982 SF Office, Prime Location, Ample Parking
      1700 Horizon Ridge Pkwy, Henderson, NV 89012
      View Details
    • Contact for pricing
      5,138 SF

      Henderson Office Space Available

      Office space available for rent in Henderson, Nevada.
      825 N Gibson Rd, Henderson, NV 89012
      View Details
    • Contact for pricing
      8,549 SF

      Henderson Office Space Available

      8,549 square foot office space for rent in Henderson, NV.
      1401 N Green Valley Pkwy, Henderson, NV 89012
      View Details
    • $1.95 SF/Yr
      28,762 SF

      Office Space Near Green Valley Ranch

      Professionally managed office building near amenities and major transportation routes.
      1700 W Horizon Dr, Henderson, NV 89012
      View Details
    • $22 SF/Yr
      14,304 SF

      Henderson Executive Office Suites

      Prime Henderson location, flexible workspace options.
      170 Green Valley Pkwy, Henderson, NV 89012
      View Details
    • $1.75 SF/Yr
      1,264 SF

      Office Suite in Prime Location

      Office suite with reception and open work area for rent.
      2480 W Horizon Ridge Pkwy, Henderson, NV 89012
      View Details
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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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