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    Medical Suite in Siena Office Park Title is generated by Realmo AI

    2904 West Horizon Ridge Parkway, Henderson, NV 89052

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    For Sale
    $1,626,000

    First-floor medical suite near St. Rose Dominican Hospital.

    Type:Office
    Property size:
    4,222 SF
    Lot size:
    3.25 Acres
    Price / SF:
    $385/SF
    Added:
    Mar 25, 2026
    Days on Market:
    52
    Last Refresh:
    Mar 18 at 9:12 am

    Property Features for 2904 West Horizon Ridge Parkway

    General Information

    Standard status
    Active
    Size
    4,222 SF
    Lot size
    3.25 Acres
    Property subtype
    Office

    We can help!

    Listing Contact
    Linda Gonzales
    Linda Gonzales

    Listing agent Linda Gonzales License #BS. 0049667

    Listing office

    Listing date Mar 25, 2026

    Source Cbre

    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 Linda Gonzales

    HighLights

    • Located next to the Siena Campus of St. Rose Dominican Hospital (Dignity Health)
    • First floor medical suite featuring 4,222 square feet with 12 exam/private offices
    • Ample parking with covered spaces (6 covered spaces, 4.82/1000 ratio)
    • Monument signage available
    • Easy access to the 215‑Beltway and minutes from I‑15, the Las Vegas Strip, and both major airports
    • Located near multiple master‑planned communities

    Overview

    Located in the Willow Creek Siena Office Park, this first-floor medical suite offers approximately 4,222 square feet. The layout includes twelve medical exam and private offices, a break-room, one private restroom, a large reception area, and a back office. The property provides monument signage and ample parking, including six covered parking spaces. Situated near the Siena Campus of St. Rose Dominican Hospital, a 230-bed full-service hospital managed by Dignity Health, it also benefits from proximity to the Master Plan Community of Green Valley Ranch, Anthem, Seven Hills, Inspirada, and Silverado Ranch. The location offers convenient access to surrounding retail amenities, dining, and shopping, as well as the 215-Beltway via St. Rose Parkway. It is also located minutes from the I-15 freeway, the Las Vegas Strip, Harry Reid International Airport, and the Henderson Executive Airport. Built in 2004, the property is zoned CO and has a parking ratio of 4.82/1000. The parcel number is 177-25-411-018, and the land area is 3.25 acres. The property is part of an office campus setting and has multiple entrances.
    Location Intelligence

    Current Use by Public Records

    Nevada Independent Insurance ... Insurance Agency Sanda Morar, MD Physician Dr. Rita Maity, ... Physician IMRAN AHMED Physician Paragon Premier Properties Real Estate Agency

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Seven Hills Pet Hospital — 835 Seven Hills Dr #180, Henderson, NV 89052

    Location Insight

    • Map
    • Local Demand
    City
    Henderson
    County
    Clark
    State
    Nevada
    Longitude
    -115.1131301
    Latitude
    36.0000656

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    FAQs

    What type of property is this?
    Medical Office Space - First-floor medical suite near St. Rose Dominican Hospital.
    Where is this medical office space located?
    The property is located at 2904 West Horizon Ridge Parkway Henderson, NV.
    What is the asking price?
    The asking price for this property is $1,626,000.
    What are key features of this property?
    This property features: Located next to the Siena Campus of St. Rose Dominican Hospital (Dignity Health); First floor medical suite featuring 4,222 square feet with 12 exam/private offices; Ample parking with covered spaces (6 covered spaces, 4.82/1000 ratio)
    (702) 369-4924
    We can help!
    Listing Contact
    Linda Gonzales
    Linda Gonzales
    Real Estate License ID: BS. 0049667
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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