1389 Galleria DrHenderson, NV 89014

Property Details for 1389 Galleria Dr

Year built

2000

Construction

FRAME

Lot size

1.48 AC

Property size (Sq ft)

25,495 SF

Property type

Office properties

Property subtype

Office buildings

APN

178-03-110-020

APU

17803110020

Description

This exceptional two-story Class B medical office building, located at 1389 Galleria Dr in Henderson, Nevada, presents a unique investment opportunity. Boasting a total of 24,220 square feet on a 1.48-acre lot, the property offers multiple tenancy options. Currently, there are two available spaces ranging from 2,425 to 4,165 square feet, ideal for a variety of medical practices. Built in 2002, the building features a desirable 12-foot ceiling height throughout, providing ample space and flexibility for tenant build-outs. Ample parking is available with 78 spaces conveniently located for patients and staff. The property's convenient location in Henderson, Clark County (APN 178-03-110-020), offers easy access to major transportation routes and a thriving community. This single building property presents a strong opportunity for investors seeking a well-maintained medical office building in a high-demand area. The property's size and layout make it suitable for a variety of medical uses, from individual practices to larger multi-tenant facilities. The substantial lot size also allows for potential future expansion or development. This is a rare opportunity to acquire a well-established medical office building in a prime Henderson location.

• CAP approach

  CAP return

  Valuation

  6%

  $6,831,162

  6.5%

  $6,305,688

  7%

  $5,855,282

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,107,923

  Geo Method

  $5,107,923

• Alternative Use

  Use

  Valuation

  Residential

  $7,819,053

  Hospitality

  $7,162,210

  Educational

  $5,958,875

  Medical

  $6,163,810

  Retail

  $9,269,361

Location Insight

City

Henderson

County

Clark

State

Nevada

Latitude

36.0705

Longitude

-115.044

CBSA code

29820

CBSA name

LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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