East Las Vegas Medical
3059 S Maryland Parkway Las Vegas, NV 89109
For Sale
Contact for pricing
Two-building medical campus in the East Las Vegas medical District.
Property Size48,903 SF
Price / SF$159.50
Days on Market72
Property Features for 3059 S Maryland Parkway
General Information
- Standard status
- Active
- Size
- 48,903 SF
- Property subtype
- Office
Building Details
- Year Built
- 2003
Listing Agency:
MDL Group
(702) 388-1800
Listed By:
Hayim Mizrachi, SIOR, CCIM · License #NV 143643
Source:
Crexi
Added: May 15
Changed: Jul 10
Last Checked: Jul 24 at 6:41PM
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 MDL Group
Investment Insights
Based on property information with market context.
The Maryland Medical Center, located at 3059 & 3061 S. Maryland Parkway, is situated in the East Las Vegas medical District. This professional campus consists of two 2-story buildings totaling approximately 48,903 square feet. Constructed in 2003, the second-generation professional/medical office spaces feature 9-foot ceilings. The property has frontage directly across from Sunrise Hospital Medical Center. Located between the Las Vegas Country Club and the city, it is minutes from The Strip and Downtown. There are 51 surface parking spaces, as well as covered parking options.
Key Highlights
- Premier location in the East Las Vegas Medical District, directly across from Sunrise Hospital Medical Center.
- Value‑add opportunity with two 2‑story buildings totaling ±48,903 square feet.
- Second‑generation professional/medical office spaces feature 9’ ceilings.
Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $1.17M | $24.00 |
| − Vacancy | −$93.9k | −$1.92 |
| EGI | $1.08M | $22.08 |
| − OpEx | −$431.9k | −$8.83 |
| NOI | $647.9k | $13.25 |
48,903 SF · lease $24.00/SF/yr · vacancy 8.00% · expense 40.00%
Alternative Uses
Best Use
Office B
$10.75M
$9.41M – $12.54M
NOI $752,617 @ 7.0% cap · market cap 9.65%
Second Best
Healthcare Medical
$9.26M
$8.10M – $10.80M
NOI $647,867 @ 7.0% cap · market cap 8.31%
Theoretical Best
Specialty Retail
$16.90M
$14.79M – $19.71M
NOI $1,182,863 @ 7.0% cap · market cap 15.16%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Dr. Maurice Pockey, ...
Physician
Dr. June D. ...
Physician
David P. Marmaduke, ...
Physician
Al-Adham Basel
Medical Clinic
Excel Clinical Research
Medical Laboratory
Similar Off Market Nearby
- Zulu's Vet Pros — 3507 S Maryland Pkwy, Las Vegas, NV 89169
FAQs
What type of property is this?
Medical Office Space - Two-building medical campus in the East Las Vegas medical District.
Where is this medical office space located?
The property is located at 3059 S Maryland Parkway Las Vegas, NV.
What is the asking price?
The asking price for this property is $7,800,000.
What are key features of this property?
This property features: Premier location in the East Las Vegas Medical District, directly across from Sunrise Hospital Medical Center.; Value‑add opportunity with two 2‑story buildings totaling ±48,903 square feet.; Second‑generation professional/medical office spaces feature 9’ ceilings.
