Medical Suite in Siena Office
For Sale
$1,626,000
2904 West Horizon Ridge Parkway, Henderson, NV 89052
First-floor medical suite near St. Rose Dominican Hospital.
Property Size4,222 SF
Lot Size3.25 Acres
Price / SF$385.13
Days on Market197
Property Features for 2904 West Horizon Ridge Parkway
General Information
Standard status
Active
Size
4,222 SF
Lot size
3.25 Acres
Property subtype
Office
Listing Agency:
CBRE | Las Vegas
Listed By:
Linda Gonzales · License #BS. 0049667
(702) 369-4924
Source:
Cbre
Added: Mar 25
Changed: Sep 26
Last Checked: Oct 7 at 10:47AM
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 CBRE | Las Vegas
Investment Insights
Based on property information with market context.
Located in the Willow Creek Siena Office Park, this first-floor medical suite offers approximately 4,222 square feet. The layout includes twelve medical exam and private offices, a break-room, one private restroom, a large reception area, and a back office. The property provides monument signage and ample parking, including six covered parking spaces. Situated near the Siena Campus of St. Rose Dominican Hospital, a 230-bed full-service hospital managed by Dignity Health, it also benefits from proximity to the Master Plan Community of Green Valley Ranch, Anthem, Seven Hills, Inspirada, and Silverado Ranch. The location offers convenient access to surrounding retail amenities, dining, and shopping, as well as the 215-Beltway via St. Rose Parkway. It is also located minutes from the I-15 freeway, the Las Vegas Strip, Harry Reid International Airport, and the Henderson Executive Airport. Built in 2004, the property is zoned CO and has a parking ratio of 4.82/1000. The parcel number is 177-25-411-018, and the land area is 3.25 acres. The property is part of an office campus setting and has multiple entrances.
Key Highlights
- Located next to the Siena Campus of St. Rose Dominican Hospital (Dignity Health)
- First floor medical suite featuring 4,222 square feet with 12 exam/private offices
- Ample parking with covered spaces (6 covered spaces, 4.82/1000 ratio)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,697
Cap Rate
3.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,253,940
$1.3M
Cap Rate 7%
$895,671
$895.7K
Cap Rate 9%
$696,633
$696.6K
Market Conditions
NOI Build-Up for 4,222 SF
Gross rent
$101.3K $24.00/SF
− Vacancy
−$17.7K −$4.20/SF
EGI
$83.6K $19.80/SF
− OpEx
−$20.9K −$4.95/SF
NOI
$62.7K $14.85/SF
Area
ZIP 89052
Vacancy
17.50%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,253,940
Cap Rate 7%
$895,671
Cap Rate 9%
$696,633
Alternative Uses
Best Use
Office B
$895.7K
$783.7K – $1.04M
NOI $62,697 @ 7.0% cap · market cap 3.86%
Second Best
Healthcare Medical
$802.5K
$702.2K – $936.3K
NOI $56,176 @ 7.0% cap · market cap 3.45%
Theoretical Best
Specialty Retail
$1.48M
$1.29M – $1.73M
NOI $103,529 @ 7.0% cap · market cap 6.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,977
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 89052, NV
59,987
Population
26,456
Households
2.3
Avg Household Size
46
Median Age
47%
College-Educated
96%
High-School Grad
16.3 sq mi
ZIP Area
3,680
Density / Sq Mi
$98,462
Median Household Income
$57,772
Median Earnings
$1,938
Median Rent
$595,500
Median Home Value
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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?
Medical Office Space - First-floor medical suite near St. Rose Dominican Hospital.
Where is this medical office space located?
The property is located at 2904 West Horizon Ridge Parkway Henderson, NV.
What is the asking price?
The asking price for this property is $1,626,000.
What are key features of this property?
This property features: Located next to the Siena Campus of St. Rose Dominican Hospital (Dignity Health); First floor medical suite featuring 4,222 square feet with 12 exam/private offices; Ample parking with covered spaces (6 covered spaces, 4.82/1000 ratio)
