650 Horizon DrHenderson, NV 89015

Property Details for 650 Horizon Dr

Year built

1999

Construction

FRAME

Lot size

1.36 AC

Property size (Sq ft)

12,272 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

179-29-501-006

APU

17929501006

Description

This prime 13,980 square foot Class A retail strip center is located at 650 E Horizon Dr, Henderson, NV 89015. Built in 1999, the single-story building sits on a 1.36-acre lot and is zoned CN. The property boasts excellent visibility and accessibility, with convenient access from College Drive and Horizon Drive, providing easy access from both Boulder City and Henderson/Las Vegas. Currently, there is 2,080 square feet of vacant space available, perfect for a variety of retail uses. The center is situated in an established area of Henderson, near the College of Southern Nevada, ensuring a strong customer base. The property benefits from high traffic counts and is surrounded by strong national tenants and residential neighborhoods. This presents a unique investment opportunity in a thriving retail market. The property features a total of 13,980 square feet, with one building. The property's location offers significant advantages for businesses seeking high visibility and convenient access for customers. This is an exceptional opportunity to acquire a well-located retail property in a high-growth area.

• CAP approach

  CAP return

  Valuation

  6%

  $4,833,617

  6.5%

  $4,461,800

  7%

  $4,143,100

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,195,912

  Geo Method

  $6,195,912

• Alternative Use

  Use

  Valuation

  Residential

  $3,763,696

  Hospitality

  $3,447,525

  Educational

  $2,868,300

  Medical

  $2,966,946

  Retail

  $4,461,800

Location Insight

City

Henderson

County

Clark

State

Nevada

Latitude

36.0115

Longitude

-114.964

CBSA code

29820

CBSA name

LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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