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    Henderson, NV 89052
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    Henderson, NV 89052

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    • Turn key restaurants
    • 2,499 SF
    • 0.35 lot acres
    Off-Market
    Last Sale Dec 18, 2020
    $2,000,000
    Property ID
    US62-0539634
    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.
    Value Estimations
    $2,025,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Isalis / (Bike/Boat/Book/etc) Store
    • Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
    • Skunk Funk / Big Box & Wholesale Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store

    Property Details

    Year built
    2021
    Construction
    FRAME
    Lot size
    0.35 lot acres
    Property size
    2,499 SF
    Property type
    Turn key restaurants
    APN
    177-34-811-011
    APU
    17734811011

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,020,000
      ML approach
      $2,075,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,418,000
      Market price range: $799k - $2.32M

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $1,590,000
      Current use
      COMMERCIAL (GENERAL)
      $2,385,000
      Change: +50% Conversion: Easy
      MEDICAL BUILDING
      $1,745,000
      Change: +10% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Henderson
    County
    Clark
    State
    Nevada
    Longitude
    -115.144
    Latitude
    35.9868
    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
    $9,384
    $149,411
    $235,127
    $384,538
    -
    $426,889
    $671,791
    $1,098,680

    Comparable in this City

    • Value Estimation
      $2,865,000
      4,053 SF

      11271 Eastern Ave

      RESTAURANT • 4,053 SF
      11271 Eastern Ave, Henderson, NV 89052
      View Details
    • Value Estimation by Request
      3,339 SF

      3023 Saint Rose Pkwy

      RESTAURANT • 3,339 SF
      3023 Saint Rose Pkwy, Henderson, NV 89052-3839
      View Details
    • Value Estimation
      $9,365,000
      7,556 SF

      11261 Eastern Ave

      RESTAURANT • 7,556 SF
      11261 Eastern Ave, Henderson, NV 89052-6545
      View Details
    • Value Estimation by Request
      2,634 SF

      10585 Eastern Ave

      RESTAURANT • 2,634 SF
      10585 Eastern Ave, Henderson, NV 89052-3901
      View Details
    • Value Estimation by Request
      2,304 SF

      10510 Eastern Ave

      RESTAURANT • 2,304 SF
      10510 Eastern Ave, Henderson, NV 89052-3900
      View Details
    • Value Estimation by Request
      2,873 SF

      715 Grn Vly Pkwy

      RESTAURANT • 2,873 SF
      715 Grn Vly Pkwy, Henderson, NV 89052-0439
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Restaurant Business Asset Sale

      Restaurant asset sale in high-traffic Henderson location near Trader Joe's.
      10345 S Eastern Ave, Henderson, NV 89052
      View Details
    • Contact for pricing
      16,746 SF

      Anthem Village Mixed-Use Building

      16,746 SF building suitable for medical, retail, or office use.
      2500 Anthem Village Dr, Henderson, NV 89052
      View Details
    • Contact for pricing
      14,490 SF

      Walgreens Investment Opportunity

      High-performing Walgreens in affluent Henderson trade area.
      11001 S Eastern Ave, Las Vegas, NV 89052
      View Details
    • Contact for pricing

      Retail Property in Henderson, Nevada

      Retail property available for sale in Henderson, Nevada.
      11001 S Eastern Ave, Henderson, NV 89052
      View Details
    • $499,000
      0.20 Acres

      Henderson Land in Seven Hills

      Homesite in guard-gated community, seller financing available.
      1529 Via Della Scala, Henderson, NV 89052
      View Details
    • $1,626,000
      4,222 SF

      Medical Suite in Siena Office Park

      First-floor medical suite near St. Rose Dominican Hospital.
      2904 West Horizon Ridge Pkwy, Henderson, NV 89052
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Spaces in Henderson Center

      Retail and restaurant spaces available in a busy Henderson center.
      3578 Saint Rose Pkwy, Henderson, NV 89052
      View Details
    • Contact for pricing

      Retail Space in Henderson, Nevada

      Retail spaces available in a well-established shopping center.
      3578 St Rose Pkwy, Henderson, NV 89052
      View Details
    • Contact for pricing
      32,670 SF

      St. Rose & Amigo Drive-Thru Pad

      Prime Retail Land, 32,670 SF, C-2 Zoning
      0 St Rose Pkwy, Henderson, NV 89052
      View Details
    • Contact for pricing

      Restaurant Space in Busy Corridor

      Restaurant space in Henderson's busy retail corridor, ready for new concept.
      2230 W Horizon Ridge Pkwy, Henderson, NV 89052
      View Details
    • Contact for pricing

      Turn-Key Restaurant Space Available

      Fully built-out restaurant space with patio, ready for your concept.
      2645 St Rose Pkwy, Henderson, NV 89052
      View Details
    • Contact for pricing

      Neighborhood Shopping Center For Rent

      113,600 SF shopping center anchored by Vons.
      2511 Anthem Village Dr, Henderson, NV 89052
      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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