1212 Boulder HwyHenderson, NV 89011

Property Details for 1212 Boulder Hwy

Year built

1993

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.33 AC

Property size (Sq ft)

15,300 SF

Property type

Retail space

APN

178-12-503-003

APU

17812503003

Description

This ±19,550 square foot, two-story building in Henderson, Nevada, presents a unique owner-user opportunity. Located at 1212 N Boulder Hwy, 89011, this property boasts a 9-lane total containment trap (TCT) style shooting range with steel plate backing, a retail area, gunsmith workshop, offices, storage, multiple restrooms, an elevator, and high dock loading. The 1.33-acre lot features 66 parking spaces and two points of ingress/egress. Built in 1993 and renovated in 2022, the building includes a training area and classroom space. Security features are extensive, including block walls with reinforced concrete cores, motorized metal roll-up coverings and/or metal security gates on all exterior doors and windows, a complete alarm and video surveillance system, and a 1,000-amp power supply with a backup generator. The property is zoned MC Corridor/Community Mixed-Use (Henderson) and benefits from high traffic volume (approximately 23,000 cars daily) on Boulder Highway. Nearby amenities include recreational retailers, auto dealerships, casinos, Cowabunga Bay Water Park, and the new Cadence Master-Planned Community. A ±8,500 square foot street-front pad with a dedicated pylon sign on Boulder Highway offers additional income potential. The second floor has the capability to add a second rifle range, potentially doubling the number of shooting stalls. This property offers multiple income streams from the existing gun range, classrooms, and retail area.

• CAP approach

  CAP return

  Valuation

  6%

  $4,598,580

  6.5%

  $4,244,850

  7%

  $3,941,640

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,187,970

  Geo Method

  $3,187,970

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $8,175,600

  Mixed-Use / Specialty

  $4,271,040

  Hospitality / Lodging

  $3,187,330

  Office

  $4,288,710

  Institutional / Educational

  $4,454,930

  Residential Income

  $5,212,270

  Multifamily

  $6,022,210

  Automotive / Energy

  $3,818,510

  Parking / Income-Based Land

  $1,276,890

  Restaurant / Food Service

  $2,309,600

  Healthcare / Senior Housing

  $4,337,490

Location Insight

City

Henderson

County

Clark

State

Nevada

Latitude

36.0556

Longitude

-114.999

CBSA code

29820

CBSA name

LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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