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Property profile & analytics
OFF-MARKET
Estimated value
$4,305,000
Bars & Pubs
Henderson, NV 89044
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US62-0753476
Property profile
Verified
Property type
Bars & Pubs
Use group
BAR, TAVERN
Year built
2022
Construction
FRAME
Total area
5,324 SF
Lot
1.3 ac (56,628 SF)
APN
191-23-113-004
UPID
US62-0753476
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.77M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.95M
Blend (final)
Blend
$4.31M
Owner & transaction history
Starbucks Corporation · 4 yrs held
Starbucks Corporation
since 2022
Last sale
$4.5M
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$5.1M
+50.2%
Medical building
$3.7M
+10.0%
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
$3,810,000
ML approach
$3,770,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$3,385,000
Current use
COMMERCIAL (GENERAL)
$5,085,000
Change: +50% · Conversion: Easy
MEDICAL BUILDING
$3,725,000
Change: +10% · Conversion: Difficult
Blend value · Realmo final
$4.31M
Range $3.87M – $4.74M · ±10% · vs last sale $4.50M (Mar 18 2022)
Last sale anchor
$4.50M
Mar 18 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
$809 / 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
$18,889
Tax year 2023
Assessed value
$1,063,147
Assessed 2024
Previous assessed
$811,412
+31.0% YoY
Effective rate
1.78%
On assessed value
Assessed land
$554,954
Assessed improvement
$508,193
Land market value
$1,585,583
Improvement market value
$1,451,980
Total market value
$3,037,563
Applied tax rate
516.0000
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
Bars & Pubs
Use group
BAR, TAVERN
Status
Off-Market
Year built
2022
Construction
FRAME
Heating
YES
Cooling
YES
Stories
1
Total area
5,324 SF
Lot
1.3 ac (56,628 SF)
APN
191-23-113-004
UPID
US62-0753476
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
RESTAURANT Current
Est. value
$3.4M
COMMERCIAL (GENERAL)
Est. value
$5.1M
MEDICAL BUILDING
Est. value
$3.7M
RESTAURANT Current
COMMERCIAL (GENERAL)
MEDICAL BUILDING
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
2022
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Lot
1.3 ac
Current owner
From public records · entity-resolved
Starbucks Corporation
Entity
Free & Clear · 4 yrs held
Mailing address
11700 W CHARLESTON BLVD STE #170, LAS VEGAS, NV 89135-1575
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 18, 2022
—
Starbucks Corporation
Acre Bicentennial LLC
Lease
—
Mar 18, 2022
$4,500,000
Decatur Hacienda LLC
Euro Development Bicentennial LLC
Bargain And Sale Deed
—
Oct 13, 2021
$321,905
Daniel Gluhaich
Euro Development Bicentennial LLC
Bargain And Sale Deed
—
Mar 10, 2021
—
Euro Development Bicentennial LLC
Euro Development LLC
Quit Claim Deed
related
$272,727 · Psl Austin Lending LLC
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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