1397 Galleria DrHenderson, NV 89014

Property Details for 1397 Galleria Dr

Year built

1998

Construction

FRAME

Lot size

1.00 AC

Property size (Sq ft)

13,328 SF

Property type

Office properties

Property subtype

Office buildings

APN

178-03-110-012

APU

17803110012

Description

This exceptional Class B medical office building, located at 1397 W Galleria Dr in Henderson, Nevada, presents a fantastic opportunity. The single, two-story building, constructed in 1998, offers a total of 13,328 square feet. Currently, there are two available suites, one measuring 1,542 square feet and the other 1,878 square feet, perfect for a variety of medical practices. The property is situated in Clark County, with the APN 178-03-110-012. Its convenient location provides easy access for patients and staff. The building's multiple tenancy structure allows for flexibility and potential for growth. This is an ideal investment for medical professionals seeking established space in a thriving Henderson community. The building's 1998 construction date offers a balance of established infrastructure and potential for modern upgrades. The property's size and layout provide ample space for various medical specialties. The multiple tenancy aspect offers a diverse tenant base, contributing to a stable income stream. This is a rare opportunity to acquire a well-located, established medical office building in a high-demand area. The property's location in Henderson, Nevada, offers a strong demographic profile and excellent access to major transportation routes. This makes it an attractive option for both established and emerging medical practices. The available suites provide immediate occupancy potential, minimizing downtime and maximizing return on investment.

• CAP approach

  CAP return

  Valuation

  6%

  $3,571,121

  6.5%

  $3,296,419

  7%

  $3,060,961

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,670,265

  Geo Method

  $2,670,265

• Alternative Use

  Use

  Valuation

  Residential

  $4,087,560

  Hospitality

  $3,744,183

  Educational

  $3,115,116

  Medical

  $3,222,250

  Retail

  $4,845,736

Location Insight

City

Henderson

County

Clark

State

Nevada

Latitude

36.0705

Longitude

-115.045

CBSA code

29820

CBSA name

LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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