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    Property profile & analytics

    Henderson, NV 89015

    • Warehouses
    • 130,816 SF
    • 8.67 lot acres
    OFF-MARKET
    Last Sale
    Feb 14, 2020
    $19,000,000
    Value Estimations
    $20,705,000
    Show details
    Cap Rate Potential
    5.9%
    Warehouses
    Location Intelligence
    Property ID
    US62-0805435
    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

    • Warehouses

    Property Details

    Year built
    2017
    Construction
    CONCRETE
    Lot size
    8.67 lot acres
    Property size
    130,816 SF
    Property type
    Warehouses
    APN
    178-14-610-006
    APU
    17814610006

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $22,925,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $22,360,000
      6.5%
      $20,640,000
      7%
      $19,165,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $21,958,000
      Market price range: $19.3M - $30.8M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $22,755,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Henderson
    County
    Clark
    State
    Nevada
    Longitude
    -115.02
    Latitude
    36.0369
    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
    $153,566
    $1,850,559
    $4,283,993
    $6,134,552
    -
    $5,287,311
    $12,239,980
    $17,527,291

    Comparable in this City

    • Value Estimation
      $9,680,000
      83,478 SF

      181 Water St

      WAREHOUSE, STORAGE • 83,478 SF
      181 Water St, Henderson, NV 89015
      View Details
    • Value Estimation
      $1,700,000
      19,250 SF

      8365 Eastgate Rd

      WAREHOUSE, STORAGE • 19,250 SF
      8365 Eastgate Rd, Henderson, NV 89015-0104
      View Details
    • Value Estimation
      $3,165,000
      36,350 SF

      8355 Eastgate Rd

      WAREHOUSE, STORAGE • 36,350 SF
      8355 Eastgate Rd, Henderson, NV 89015-0104
      View Details
    • Value Estimation
      $1,585,000
      17,280 SF

      2308 Lk Mead Pkwy

      MINI-WAREHOUSE, STORAGE • 17,280 SF
      2308 Lk Mead Pkwy, Henderson, NV 89015
      View Details
    • Value Estimation by Request
      1,588 SF

      59 Basic Rd

      WAREHOUSE, STORAGE • 1,588 SF
      59 Basic Rd, Henderson, NV 89015-7230
      View Details
    • Value Estimation by Request
      199,670 SF

      8385 Eastgate Rd

      WAREHOUSE, STORAGE • 199,670 SF
      8385 Eastgate Rd, Henderson, NV 89015-0105
      View Details

    Similar Nearby for Sale

    • $24,787,470
      80,440 SF

      Henderson Industrial Complex

      Modernized manufacturing space, ideal owner/user.
      190 4Th St, Henderson, NV 89015
      View Details
    • Contact for pricing

      Modern Industrial Park for Sale

      Four-building industrial park designed for modern warehouse and distribution needs.
      2020 Pabco Rd, Henderson, NV 89015
      View Details
    • Contact for pricing

      Modern Industrial Park for Sale

      Four-building industrial park designed for modern warehouse and distribution needs.
      725 Grand Cadence Dr, Henderson, NV 89015
      View Details
    • $1,500,000
      1,533 SF

      Former Sonic - East Lake Mead Parkway

      Retail properties & Spaces • 1,533 SF
      1426 Lake Mead Pkwy, Henderson, NV 89015
      View Details
    • $230,000
      0.69 Acres

      Residential Land in Henderson, Nevada

      Land with mountain views, suitable for custom home development.
      Parawan St, Henderson, NV 89015
      View Details
    • $595,000
      5.00 Acres

      5-Acre Lot with Mountain Views

      Five-acre lot suitable for building a dream home or homes.
      1190 Essex Ave, Henderson, NV 89015
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      66,870 SF

      Henderson Industrial Distribution Center Space

      37,620 SF industrial unit in Henderson, Nevada available for lease.
      8385 Eastgate Rd, Henderson, NV 89015
      View Details
    • Contact for pricing
      502,268 SF

      Warm Springs Commerce Center

      Henderson, NV Industrial Park
      425 Warm Springs Rd, Henderson, NV 89015
      View Details
    • Contact for pricing
      94,147 SF

      Serrano Henderson Industrial Center

      94,147 SF industrial warehouse space for lease.
      751 West Lake Mead Pkwy, Henderson, NV 89015
      View Details
    • Contact for pricing
      8,573 SF

      Henderson Flex Space Available

      8,573 SF flex space with proposed office and grade-level doors.
      703 W Lake Mead Pkwy, Henderson, NV 89015
      View Details
    • Contact for pricing
      63,207 SF

      Henderson Warehouse Space Available

      103,007 SF warehouse space in Henderson, Nevada.
      W Lk Mead Pkwy. & 8 St, Henderson, NV 89015
      View Details
    • Contact for pricing
      38,167 SF

      Boulder Marketplace Anchor Space

      Henderson, NV Retail Anchor Opportunity
      716 Boulder Hwy, Henderson, NV 89015
      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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