Leased Office Condo Investment
For Sale
$1,525,000
1358 Paseo Verde Parkway, Henderson, NV 89012
100% leased office condo with long-term healthcare tenants.
Property Size4,493 SF
Days on Market384
Property Features for 1358 Paseo Verde Parkway
General Information
Standard status
Active
Size
4,493 SF
Class
B
Property subtype
Office
Zoning
Office Professional
Amenities
Location-215/Stephanie On Ramp
High Image-Architectural masterpiece
Signalized Intersection
Retail amenities all around
Huge Residential development area in a 3 mile Radius
100% Leased Investment with long term tenants, and long term leases in place (5+ years)
Quality second Story offering.
Building Details
Building Size
4,493 SF
Year Built
2013
Listing Agency:
RE/MAX
Listed By:
Wes Drown,CCIM · License #BS000387
(702) 287-6553
Source:
Remaxcommercial
Added: Sep 25, 2025
Changed: Oct 12
Last Checked: Oct 12 at 4:34PM
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 RE/MAX
Investment Insights
Based on property information with market context.
This second-floor office condo features three suites and is currently 100% leased. The primary tenant, Optimal Physical Therapy, has occupied approximately 70% of the property since 2014. All three suites feature modern finishes. One suite, comprising 746 square feet, was recently leased for a 2-year term. The owner is seeking to lease back Suite C, which measures 660 square feet. The elevator serving the top floor is covered and located outside the building structure, shared by three buildings in a four-building cluster. This design contributes to a minimal load factor and low operating costs. The property is a true NNN investment opportunity with two long-term healthcare tenants in place since the building's construction, both under new 5-7 year leases. The property is located in Crowne Professional Park, situated in Henderson, Nevada, on the 215 Beltway near the Stephanie on-ramp. The location offers high visibility and is considered an architectural masterpiece at a signalized intersection with retail amenities nearby. A large residential development area is located within a 3-mile radius.
Key Highlights
- 100% leased office condo with long‑term tenants (5+ year leases) in place, providing immediate income.
- Located in a high‑growth area of Henderson, Nevada, near the 215 Beltway and Stephanie on‑ramp.
- True NNN investment property with low operating costs and built‑in annual income escalations.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$73,727
Cap Rate
4.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,474,540
$1.5M
Cap Rate 7%
$1,053,243
$1.1M
Cap Rate 9%
$819,189
$819.2K
Market Conditions
NOI Build-Up for 4,493 SF
Gross rent
$119.2K $26.52/SF
− Vacancy
−$20.9K −$4.64/SF
EGI
$98.3K $21.88/SF
− OpEx
−$24.6K −$5.47/SF
NOI
$73.7K $16.41/SF
Area
Henderson, NV
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 Rate 5%
$1,474,540
Cap Rate 7%
$1,053,243
Cap Rate 9%
$819,189
Alternative Uses
Best Use
Office B
$1.05M
$921.6K – $1.23M
NOI $73,727 @ 7.0% cap · market cap 4.83%
Second Best
Healthcare Medical
$888.0K
$777.0K – $1.04M
NOI $62,160 @ 7.0% cap · market cap 4.08%
Theoretical Best
Specialty Retail
$1.57M
$1.38M – $1.84M
NOI $110,175 @ 7.0% cap · market cap 7.22%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
886
Businesses Nearby
Explore this area
Business Placement
Demographics for 89012, NV
35,211
Population
16,776
Households
2.1
Avg Household Size
44
Median Age
44%
College-Educated
97%
High-School Grad
10.7 sq mi
ZIP Area
3,291
Density / Sq Mi
$97,468
Median Household Income
$56,708
Median Earnings
$1,915
Median Rent
$472,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Office units - 100% leased office condo with long-term healthcare tenants.
Where is this office units located?
The property is located at 1358 Paseo Verde Parkway Henderson, NV.
What is the asking price?
The asking price for this property is $1,525,000.
What are key features of this property?
This property features: 100% leased office condo with long‑term tenants (5+ year leases) in place, providing immediate income.; Located in a high‑growth area of Henderson, Nevada, near the 215 Beltway and Stephanie on‑ramp.; True NNN investment property with low operating costs and built‑in annual income escalations.
