Whitney Ranch High-Visibility Commercial
For Sale
Contact for pricing
1001 Whitney Ranch Dr, Henderson, NV 89014
Premier 8,826 SF owner-user opportunity in Henderson, Nevada.
Property Size8,826 SF
Lot Size1.07 Acres
Price / SF$294.02
Days on Market146
Property Features for 1001 Whitney Ranch Dr
General Information
Standard status
Active
Size
8,826 SF
Class
B
Total Parking Spaces
50
Lot size
1.07 Acres
Property subtype
Office, Retail
Zoning
CC
Occupancy
39%
Investment Type
Owner/User
Building Details
Year Built
2001
Stories
1
Tenancy
Multi
Listing Agency:
Elite Commercial Real Estate
(702) 240-1688
Listed By:
Catherine Kuo · License #B.1002255
Source:
Crexi
Added: Mar 27
Changed: Aug 8
Last Checked: Aug 19 at 1:38AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Elite Commercial Real Estate
Investment Insights
Based on property information with market context.
Located at the northwest corner of Whitney Ranch Drive and Patrick Lane, 1001 Whitney Ranch Drive is an 8,826 square foot commercial building suitable for professional or medical use. This single-story building features multiple private offices, updated commercial-grade luxury plank flooring, and expansive open work areas. Situated within the Whitney Ranch Business Park, the property offers access to the I-515/US-95 and I-215 interchange. Building and monument signage is available. The property is located on a 1.07-acre lot and includes 50 parking spaces. The location provides synergy with neighbors such as Dignity Health, Sunset Station, and the Galleria at Sunset.
Key Highlights
- Premier location at the gateway to Henderson’s robust Whitney Ranch commercial district, offering high visibility.
- 8,826 SF single‑story building ideal for owner‑user, suitable for medical or professional use.
- Versatile interior with private offices, open work areas, and updated luxury plank flooring for immediate move‑in.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$144,828
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.58%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,896,560
$2.9M
Cap Rate 7%
$2,068,971
$2.1M
Cap Rate 9%
$1,609,200
$1.6M
Market Conditions
NOI Build-Up for 8,826 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$234.1K $26.52/SF
− Vacancy
−$41.0K −$4.64/SF
EGI
$193.1K $21.88/SF
− OpEx
−$48.3K −$5.47/SF
NOI
$144.8K $16.41/SF
Area
ZIP 89014
Vacancy
17.50%
Lease Rate
$26.52 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,896,560
Cap Rate 7%
$2,068,971
Cap Rate 9%
$1,609,200
Alternative Uses
Best Use
Office B
$2.07M
$1.81M – $2.41M
NOI $144,828 @ 7.0% cap · market cap 5.58%
Second Best
Healthcare Medical
$1.75M
$1.53M – $2.05M
NOI $122,773 @ 7.0% cap · market cap 4.73%
Theoretical Best
Specialty Retail
$3.09M
$2.71M – $3.61M
NOI $216,426 @ 7.0% cap · market cap 8.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
425
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 89014, NV
40,761
Population
18,062
Households
2.3
Avg Household Size
38
Median Age
29%
College-Educated
94%
High-School Grad
7.6 sq mi
ZIP Area
5,363
Density / Sq Mi
$73,130
Median Household Income
$46,101
Median Earnings
$1,629
Median Rent
$415,300
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Premier 8,826 SF owner-user opportunity in Henderson, Nevada.
Where is this medical office space located?
The property is located at 1001 Whitney Ranch Dr Henderson, NV.
What is the asking price?
The asking price for this property is $2,595,000.
What are key features of this property?
This property features: Premier location at the gateway to Henderson’s robust Whitney Ranch commercial district, offering high visibility.; 8,826 SF single‑story building ideal for owner‑user, suitable for medical or professional use.; Versatile interior with private offices, open work areas, and updated luxury plank flooring for immediate move‑in.
