701 Green Valley PkwyHenderson, NV 89074

Property Details for 701 Green Valley Pkwy

Year built

1998

Construction

FRAME

Lot size

3.83 AC

Property size (Sq ft)

48,335 SF

Property type

Office buildings

APN

178-19-511-003

APU

17819511003

Description

This exceptional 50,000 square foot, two-story Class B office building presents a unique owner-user opportunity in Henderson, Nevada. Situated on a 3.83-acre lot within the prestigious Green Valley Corporate Center North, this property boasts convenient access to I-215 and is only seven miles from Harry Reid International Airport. The building, constructed in 1998, offers a flexible layout currently configured with a multi-tenant first floor and a second floor ideal for an executive suite. This allows for diverse occupancy options, catering to various business needs. Its location offers significant advantages, being less than a quarter-mile from Green Valley Ranch Resort + Casino and The District at Green Valley Ranch, a 50-acre mixed-use development featuring shopping, dining, and entertainment. The property is part of Green Valley, Nevada's first master-planned community, encompassing 1,310 acres with a blend of residential, commercial, and recreational amenities. Currently, the building has an 8% occupancy rate. This presents a compelling investment opportunity for a business seeking a prominent location with significant expansion potential. The property's strategic location and adaptable space make it an ideal choice for owner-occupiers seeking a high-visibility presence in a thriving Henderson market.

• CAP approach

  CAP return

  Valuation

  6%

  $12,950,940

  6.5%

  $11,954,714

  7%

  $11,100,806

• Comparable approach

  Method

  Valuation

  Relative Method

  $9,683,917

  Geo Method

  $9,683,917

• Alternative Use

  Use

  Valuation

  Residential Income

  $14,823,845

  Hospitality / Lodging

  $13,578,562

  Institutional / Educational

  $11,297,204

  Healthcare / Senior Housing

  $11,685,733

  Retail / Commercial

  $17,573,430

Location Insight

City

Henderson

County

Clark

State

Nevada

Latitude

36.0266

Longitude

-115.087

CBSA code

29820

CBSA name

LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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