This exceptional 29,219 square foot, Class B medical office building, constructed in 2001, presents a unique investment opportunity. Located in Clark County, Nevada, this single, two-story building boasts 146 parking spaces and offers excellent visibility and accessibility along Horizon Ridge Parkway. The property features attractive, well-maintained interiors with 12-foot ceilings, making it ideal for a variety of medical practices. Currently, three available suites range from 2,300 to 2,500 square feet, perfect for expanding or relocating businesses. The building is zoned for professional and business services, ensuring a compatible tenant mix. This multi-tenant property sits on a generous 2.22-acre lot, providing ample space and parking for both tenants and visitors. A special six-month promotional rate of $0.99 per square foot, NNN, is currently available. The property's APN is 177-25-702-024. This is a second-generation suite opportunity in an upscale building, offering a turnkey solution for medical professionals seeking a prestigious location. Don't miss this chance to secure your space in this thriving medical center.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$7,828,975
6.5%
$7,226,746
7%
$6,710,550
Comparable approach
Method
Valuation
Relative Method
$5,854,026
Geo Method
$5,854,026
Alternative Use
Use
Valuation
Residential
$8,961,165
Hospitality
$8,208,380
Educational
$6,829,275
Medical
$7,064,144
Retail
$10,623,317
Location Insight
City
Henderson
County
Clark
State
Nevada
Latitude
36.0028
Longitude
-115.102
CBSA code
29820
CBSA name
LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA
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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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