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    Class A Office in Henderson Title is generated by Realmo AI

    1180 East Sunset Road, Henderson, NV 89011

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    For Sale
    $5,494,050

    New Class A office space within Cadence master-planned community.

    Type:OFC
    Added:
    Apr 17, 2025
    Days on Market:
    406
    Last Refresh:
    Apr 3 at 5:02 am

    Property Features for 1180 East Sunset Road

    General Information

    Standard status
    Active
    Property subtype
    OFC

    Building Details

    Year Built
    2025

    We can help!

    Listing Contact
    Kaylee Cho, CCIM
    Kaylee Cho, CCIM

    Listing agent Kaylee Cho, CCIM License #BS.0144592.LLC, Nevada

    Listing office KW Commercial | Las Vegas

    Listing date Apr 17, 2025

    Source Realnex

    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 KW Commercial | Las Vegas

    HighLights

    • New Class A office space within the Cadence master‑planned community.
    • Flexible purchase options: owner/user or investor.
    • Includes RTUs for heating and cooling.
    • Located near Cadence Central Park, ER by Valley Health System, and Cadence Retail Phase I & II.
    • Grey shell delivery expected by the end of July 2025.
    • Proximity to Henderson City Hall, Cadence Crossing Casino, and other master‑planned communities.

    Overview

    This is a rare opportunity to own or occupy a new Class A office within the Cadence master-planned community of Henderson. Flexible purchase options are available for either an owner/user, with potential income from a national medical tenant, or an investor. The grey shell delivery is expected by the end of July 2025, with RTUs for heating and cooling included in the sales price. Existing amenities include Cadence Central Park, ER by Valley Health System, and Cadence Retail Phase I, which features Smith’s, Wells Fargo, Starbucks, UPS, and Cafe Rio. Phase II, spanning 12 acres and currently under construction, will include EOS Fitness, Dutch Bros Coffee, PTs, and Salad & Go. The community is located close to the Henderson City Hall, the upcoming Cadence Crossing Casino, Henderson sports facility, and Water District, as well as the master-planned communities of Lake Las Vegas and Tuscany. A new community with over 3,000 homes is planned near Lake Las Vegas in 2026.
    Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Henderson
    County
    Clark
    State
    Nevada
    Longitude
    -114.9680004
    Latitude
    36.0566614

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    FAQs

    What type of property is this?
    Office building - New Class A office space within Cadence master-planned community.
    Where is this office building located?
    The property is located at 1180 East Sunset Road Henderson, NV.
    What is the asking price?
    The asking price for this property is $5,494,050.
    What are key features of this property?
    This property features: New Class A office space within the Cadence master‑planned community.; Flexible purchase options: owner/user or investor.; Includes RTUs for heating and cooling.
    (702) 728-1932
    We can help!
    Listing Contact
    Kaylee Cho, CCIM
    Kaylee Cho, CCIM
    Real Estate License ID: BS.0144592.LLC, Nevada
    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.

    More about this property
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