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

    229-245 N Stephanie St Henderson, NV 89074

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

    Retail spaces available in busy Green Valley shopping center.

    Property size:
    4,800 SF
    Lot size:
    5.08 Acres

    Property Features for 229-245 N Stephanie St

    General Information

    Size
    4,800 SF
    Lot size
    5.08 Acres

    We can help!

    Listing Contact
    Michael L. Zobrist
    Source: Moodyscre

    Listing Agent: Michael L. Zobrist

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Stephanie Promenade Retail Space Available

    Stephanie Promenade, constructed in 2003, is an anchored shopping center located in Henderson's Green Valley master-planned community. The property is situated in an established trade area off the 215 Beltway, adjacent to a Walmart Grocery anchored center and the Nevada DMV. The N. Stephanie Street corridor serves as a main thoroughfare for area residents, with 38,000 cars per day traveling by the shopping center. The surrounding area has a dense population and high incomes. The current tenant mix includes Kids Empire, Edible Arrangements, Liberty Tax, insurance, a nail salon, a dentist, and a Mexican fast casual restaurant. Inline spaces ranging from 1,600 to 8,000 square feet are available, as well as a 4,800-square-foot endcap located directly behind Dutch Bros offering great visibility. The property is under new ownership.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Similar Places Nearby

    Traverse Point, Nevada DMV Now Kiosk, Coinstar Kiosk | Bitcoin ATM

    Location Insight

    • Map
    • Local Demand
    City
    Henderson
    County
    Clark
    State
    Nevada
    Longitude
    -115.0478168
    Latitude
    36.0445715

    Nearby Similar for Lease

    • Contact for pricing

      Horizon Ridge Parkway

      Discover many ways to work your way in Horizon Ridge Parkway
      2850 Horizon Ridge Pkwy, Henderson, NV 89052
      View Details
    • Sponsored
      Contact for pricing

      The District at Green Valley Parkway

      All-inclusive access to workspace, virtual office and meeting rooms in O'Hare Airport
      170 Green Valley Pkwy, Henderson, NV 89012
      View Details
    • Contact for pricing

      NV, Henderson - S Water St

      Workspaces, services and support to help you work better in Frisco Square
      303 Water St, Henderson, NV 89015
      View Details
    • Contact for pricing

      NV, Henderson - Mountain Vista St

      Discover many ways to work your way in San Antonio Airport
      6301 Mountain Vista St, Henderson, NV 89014
      View Details
    • $0.60 SF/Yr
      8,413 SF

      Henderson Industrial Warehouse/Office Space

      Renovated warehouse/office space in Henderson, Nevada, with flexible configurations.
      975 American Pacific Dr, Henderson, NV 89014
      View Details
    • Contact for pricing

      Coronado Parkway

      Discover many ways to work your way in Towers Crescent
      871 Coronado Center Dr, Henderson, NV 89052
      View Details
    • $1.20 SF/Yr

      Henderson Office Complex For Rent

      Single-story office complex with ample parking and convenient location.
      2625 N Green Valley Pkwy, Henderson, NV 89014
      View Details
    • $1.75 SF/Yr

      Medical Office Space For Rent

      Two-story medical office building in established Henderson community.
      6301 S Mountain Vista St, Henderson, NV 89014
      View Details
    • $2.00 SF/Yr

      Horizon Ridge Parkway Office Space

      Customizable office space with Strip views and high visibility.
      2705 West Horizon Ridge Pkwy, Henderson, NV 89052
      View Details
    • $1.95 SF/Yr

      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
    • $1.95 SF/Yr

      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 SF/Yr

      Customizable Office Space with Views

      Gray shell office space with Strip views and high visibility.
      2705 West Horizon Ridge Pkwy, Henderson, NV 89052
      View Details

    FAQs

    What type of property is this?
    Shopping center - Retail spaces available in busy Green Valley shopping center.
    Where is this shopping center located?
    The property is located at 229-245 N Stephanie St Henderson, NV.
    What are key features of this property?
    This property features: - High traffic location with 38,000 cars per day.; - Located in the affluent and densely populated Green Valley.; - Established trade area off the 215 Beltway.
    (702) 733-7500 Call to check price and availability
    Request Owner's contact information
    229-245 N Stephanie St Henderson, NV 89074
    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.
    229-245 N Stephanie St
    Henderson, NV 89074
    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
    229-245 N Stephanie St Henderson, NV 89074
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Michael L. Zobrist
    (702) 733-7500 (702) 405-1755
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!