Office-Retail Condominium with Six
New
For Sale
$900,000
223 North Pecos Road, Henderson, NV 89074
The interior combines perimeter offices with a central team area and a private bathroom.
Property Size2,019 SF
Days on Market4
Property Features for 223 North Pecos Road
General Information
Standard status
Active
Size
2,019 SF
Class
B
Property subtype
Mixed Use
Site & Location
Neighborhood
Silverado Ranch
Building Details
Building Size
2,019 SF
Year Built
2005
Listing Agency:
RE/MAX
Listed By:
Wes Drown,CCIM · License #BS000387
(702) 287-6553
Source:
Remaxcommercial
Added: Oct 28
Changed: Oct 29
Last Checked: Oct 30 at 10:24AM
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
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Investment Insights
Based on property information with market context.
This office-retail condominium in Henderson has a modern interior with updated finishes, six offices along the perimeter, a central team area, a workroom and a private bathroom. The property was built in 2005 and is zoned Community Commercial under Henderson zoning.
At Pecos Road and Windmill, the corner unit has frontage on Pecos Road, fascia signage and access to cross-parking connected to eight curb cuts. The listing reports more than 28,000 vehicles per day on Pecos Road and freeway access at Pecos/215 and Windmill/215.
At Pecos Road and Windmill, the corner unit has frontage on Pecos Road, fascia signage and access to cross-parking connected to eight curb cuts. The listing reports more than 28,000 vehicles per day on Pecos Road and freeway access at Pecos/215 and Windmill/215.
Key Highlights
- Six offices, central team area, workroom and private bathroom
- Community Commercial zoning under Henderson zoning
- Corner unit with Pecos Road frontage and fascia signage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,580
Cap Rate
5.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$911,600
$911.6K
Cap Rate 7%
$651,143
$651.1K
Cap Rate 9%
$506,444
$506.4K
Market Conditions
NOI Build-Up for 2,019 SF
Gross rent
$69.0K $34.20/SF
− Vacancy
−$3.9K −$1.95/SF
EGI
$65.1K $32.25/SF
− OpEx
−$19.5K −$9.68/SF
NOI
$45.6K $22.58/SF
Area
ZIP 89074
Vacancy
5.70%
Lease Rate
$34.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$911,600
Cap Rate 7%
$651,143
Cap Rate 9%
$506,444
Alternative Uses
Best Use
Retail
$651.1K
$569.8K – $759.7K
NOI $45,580 @ 7.0% cap · market cap 5.06%
Second Best
Office B
$473.3K
$414.1K – $552.2K
NOI $33,130 @ 7.0% cap · market cap 3.68%
Theoretical Best
Specialty Retail
$697.6K
$610.4K – $813.9K
NOI $48,835 @ 7.0% cap · market cap 5.43%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
517
Businesses Nearby
Explore this area
Business Placement
Demographics for 89074, NV
52,243
Population
22,310
Households
2.3
Avg Household Size
42
Median Age
37%
College-Educated
94%
High-School Grad
9.1 sq mi
ZIP Area
5,741
Density / Sq Mi
$85,995
Median Household Income
$48,656
Median Earnings
$1,782
Median Rent
$436,400
Median Home Value
Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The interior combines perimeter offices with a central team area and a private bathroom.
Where is this mixed-use property located?
The property is located at 223 North Pecos Road Henderson, NV.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Six offices, central team area, workroom and private bathroom; Community Commercial zoning under Henderson zoning; Corner unit with Pecos Road frontage and fascia signage
