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.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$7,741,980
6.5%
$7,146,450
7%
$6,635,990
Comparable approach
Method
Valuation
Relative Method
$5,107,920
Geo Method
$5,107,920
Alternative Use
Use
Valuation
Industrial / Distribution
$13,623,300
Retail / Commercial
$7,073,360
Mixed-Use / Specialty
$7,117,000
Hospitality / Lodging
$5,311,170
Institutional / Educational
$7,423,430
Residential Income
$8,685,410
Multifamily
$10,035,100
Automotive / Energy
$6,362,940
Parking / Income-Based Land
$2,127,740
Restaurant / Food Service
$3,848,570
Healthcare / Senior Housing
$7,227,740
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
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Galleria Dr Henderson, NV 89014
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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