6250 Mountain Vista StHenderson, NV 89014

Property Details for 6250 Mountain Vista St

Year built

1983

Construction

METAL FRAME

Lot size

2.11 AC

Property size (Sq ft)

14,856 SF

Property type

Office properties

Property subtype

Office buildings

APN

161-32-701-009

APU

16132701009

Description

Peppertree Ridge, a 31,307-square-foot mixed-use property in Henderson, Nevada, presents a compelling value-add opportunity. Located at the signalized intersection of Mountain Vista Street and Ramrod Avenue, this two-story, 1983-built building boasts 32 units across 27,843 net rentable square feet, currently operating at 87% occupancy. The property sits on a 2.11-acre lot (APN 161-32-701-009) and is zoned CC. With an asking price of $3,690,000 ($118/SF) and a current NOI of $258,517, resulting in a 7.00% cap rate, this investment offers significant upside potential. The property's prime location, near the US-95 freeway and the expansive Henderson Town Center (a 250,000-square-foot shopping center), benefits from high traffic counts (approximately 28,000 cars daily) and proximity to dense multifamily housing (1,762 units within one mile). The current lease structure presents a significant value-add opportunity: only two tenants are on triple-net leases, and many tenants are on short-term leases paying below-market rents. This allows for potential lease renewals at increased rates, conversion of gross leases to triple-net leases, and replacement of underperforming tenants, ultimately enhancing income and property value.

• CAP approach

  CAP return

  Valuation

  6%

  $3,980,535

  6.5%

  $3,674,340

  7%

  $3,411,887

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,976,400

  Geo Method

  $2,976,400

• Alternative Use

  Use

  Valuation

  Residential

  $4,556,182

  Hospitality

  $4,173,438

  Educational

  $3,472,251

  Medical

  $3,591,668

  Retail

  $5,401,280

Location Insight

City

Henderson

County

Clark

State

Nevada

Latitude

36.0758

Longitude

-115.073

CBSA code

29820

CBSA name

LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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