Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1245 W Warm Springs Rd Henderson, NV 89014

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Shopping center in Henderson's Galleria Mall retail trade area.

    Type:Retail
    Property size:
    7,000 SF
    Lot size:
    1.06 Acres
    Added:
    Jan 27, 2026
    Days on Market:
    64
    Last Refresh:
    Mar 25 at 11:42 pm

    Property Features for 1245 W Warm Springs Rd

    General Information

    Standard status
    Active
    Size
    7,000 SF
    Lot size
    1.06 Acres
    Property subtype
    Retail

    Spaces For Lease

    at 1245 W Warm Springs Rd Contact us

    We can help!

    Listing Contact
    Mike Zobrist

    Listing agent Mike Zobrist License #NV #S.70489

    Listing office

    Listing date Jan 27, 2026

    Source Nmrk

    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 Mike Zobrist

    Overview

    Retail Center in Galleria Trade

    This shopping center is anchored by Flip N Out Xtreme and other national tenants, benefiting from significant consumer traffic. Pylon signage is available on Warm Springs Road, which sees 36,000 cars per day. Located in the Galleria Mall trade area, the densest retail corridor in Henderson, the center is surrounded by numerous national retail and restaurant establishments. A 1.06-acre street-front pad with direct visibility on Warm Springs Road is available, along with a 7,000 SF street-front endcap pad space that can be demised. The center serves the Green Valley community. DR Horton has completed Warm Springs Ranch, a 424-unit single-family home neighborhood directly east of the center. Dill Dinkers Pickleball is a new anchor tenant.
    Location Intelligence

    Current Use by Public Records

    Creations by Elizabeth (Bike/Boat/Book/etc) Store VadaTech Inc. Industrial Manufacturer Sears Appliance Repair Home Appliance Store Sears Department Store

    Suggested Use

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

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

    Similar Places Nearby

    • Galleria Commons — 500 N Stephanie St, Henderson, NV 89014
    • Stephanie Street Shopping Center — 549 N Stephanie St, Henderson, NV 89014
    • Progressive Ins. — 400 N Stephanie St, Henderson, NV 89014
    • Galleria Corporate Centre — 375 N Stephanie St, Henderson, NV 89014
    • Stephanie Street Power Center — 545 N Stephanie St, Henderson, NV 89014

    Location Insight

    • Map
    • Local Demand
    City
    Henderson
    County
    Clark
    State
    Nevada
    Longitude
    -115.041
    Latitude
    36.0539

    Nearby Similar for Lease

    • $0.60/mo

      Henderson Industrial Warehouse/Office Space

      Industrial warehouse/office space in Henderson with easy highway access.
      975 American Pacific Drive, Henderson, NV, 89014
      View Details
    • $2/mo

      Medical/Professional Office Building For Lease

      Single-story medical/professional office building in Henderson/Paradise area of Las Vegas.
      291 North Pecos Road, Henderson, NV 89074
      View Details
    • $2/mo

      Medical Office Space For Rent

      Located in immaculately maintained medical park near St. Rose Hospital.
      870 Seven Hills Drive, Henderson, NV, 89052
      View Details
    • Sponsored
      Contact for pricing

      The District at Green Valley Parkway

      170 Green Valley Pkwy, Unit 300, Henderson, NV 89012
      View Details
    • Contact for pricing

      NV, Henderson - S Water St

      303 Water St, Unit 2ND, Henderson, NV 89015
      View Details
    • Contact for pricing

      Horizon Ridge Parkway

      2850 Horizon Ridge Pkwy, Unit 200, Henderson, NV 89052
      View Details
    • Sponsored
      Contact for pricing

      NV, Henderson - Mountain Vista St

      6301 Mountain Vista St, Unit 104, Henderson, NV 89014
      View Details
    • $2/mo

      Medical Office Space For Rent

      62,140 SF medical building near Siena Hospital Campus.
      2865 Siena Heights Drive, Henderson, NV, 89052
      View Details
    • $1.95/mo

      Professional Office Space in Henderson

      Well-equipped office suite with modern amenities and convenient location.
      2425 W Horizon Ridge Pkwy, Henderson, NV 89052
      View Details
    • $2.00/mo

      Customizable Office Space with Views

      Gray shell office space with Strip views and high visibility.
      2705 West Horizon Ridge Parkway, Henderson, NV 89052
      View Details
    • $1.95/mo

      Professional Office Space in Henderson

      Well-equipped office suite with reception, conference room, and private offices.
      2425 W Horizon Ridge Pkwy, Henderson, NV 89052
      View Details
    • $2/mo

      Henderson Office Space For Rent

      Office suite in Henderson, NV, ideal for small businesses.
      2875 Saint Rose Pkwy, Henderson, NV 89052
      View Details

    FAQs

    What type of property is this?
    Shopping center - Shopping center in Henderson's Galleria Mall retail trade area.
    Where is this shopping center located?
    The property is located at 1245 W Warm Springs Rd Henderson, NV.
    What are key features of this property?
    This property features: Located in the Galleria Mall retail trade area, the densest retail corridor in Henderson.; Anchored by Flip N Out Xtreme and Dill Dinkers Pickleball, attracting significant consumer traffic.; **Street‑front pad available with direct visibility on Warm Springs Road (36,000 cars per day).**
    (702) 405-1755
    We can help!
    Listing Contact
    Mike Zobrist
    Real Estate License ID: NV #S.70489
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!