Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    East Las Vegas Medical Center Title is generated by Realmo AI

    3059 S Maryland Parkway, Las Vegas, NV 89109

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Two-building medical campus in the East Las Vegas medical District.

    Type:Office
    Property size:
    48,903 SF
    Price / SF:
    $159/SF
    Added:
    May 15, 2026
    Days on Market:
    12
    Last Refresh:
    May 16 at 8:51 pm

    Property Features for 3059 S Maryland Parkway

    General Information

    Standard status
    Active
    Size
    48,903 SF
    Property subtype
    Office

    Building Details

    Year Built
    2003

    We can help!

    Listing Contact
    Hayim Mizrachi, SIOR, CCIM
    Hayim Mizrachi, SIOR, CCIM

    Listing agent Hayim Mizrachi, SIOR, CCIM License #NV 143643

    Listing office MDL Group

    Listing date May 15, 2026

    Source Crexi

    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

    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.
    • Constructed in 2003.
    • Convenient access to Las Vegas Strip and Downtown.
    • Ample parking with 51 surface spaces and covered options.

    Overview

    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.
    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

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.137491
    Latitude
    36.134505

    Nearby Similar for Sale

    • $800,000
      4,492 SF

      Rare El Sol Del Pueblo Quadplex

      Four-unit multifamily property with diverse layouts and community amenities.
      2894 Karen Avenue, Las Vegas, NV 89121
      View Details
    • $650,000
      3,290 SF

      Las Vegas Quadplex Investment Opportunity

      Well-maintained quadplex with remodeled units and strong rental potential.
      4796 Nova Lane, Las Vegas, NV 89115
      View Details
    • $800,000
      4,492 SF

      Rare Las Vegas Multifamily Opportunity

      Four-unit property with diverse layouts and community amenities.
      2894 Karen Avenue, Las Vegas, NV 89121
      View Details
    • $665,000
      3,290 SF

      Las Vegas Fourplex Investment Opportunity

      Well-maintained fourplex in high-demand Las Vegas rental area.
      4961 Apollostar Court, Las Vegas, NV 89115
      View Details
    • $599,000
      3,212 SF

      Las Vegas Multifamily Investment Property

      Well-maintained four-unit property in Northeast Las Vegas.
      1872 Cosmic Drive, Las Vegas, NV 89115
      View Details
    • $800,000
      4,492 SF

      Rare Multifamily Investment Opportunity

      Four-unit property with diverse layouts and community amenities.
      2680 Kline Circle, Las Vegas, NV 89121
      View Details
    • $675,000
      3,268 SF

      Las Vegas Opportunity Zone Property

      Located in the epicenter of Las Vegas's urban renewal.
      637 N 11th Street, Las Vegas, NV 89101
      View Details
    • $650,000
      3,017 SF

      Four-Unit Multifamily Investment Opportunity

      Well-maintained four-unit property with income potential in Las Vegas.
      720 N 10th Street, Las Vegas, NV 89101
      View Details
    • $1,100,000
      4,513 SF

      Turnkey Multifamily Investment Opportunity

      Six units, two rentable lots, remodeled, expansion potential on 1.2-acre lot.
      5145 Kell Lane, Las Vegas, NV 89156
      View Details
    • $601,000
      3,844 SF

      Las Vegas Fourplex Investment Opportunity

      Centrally located fourplex near UNLV and the Strip.
      5245 Golden Lane, Las Vegas, NV 89119
      View Details
    • $559,000
      3,112 SF

      Well-Maintained Las Vegas Fourplex

      Fourplex with strong income potential in a desirable location.
      4622 Tracylynn Lane, Las Vegas, NV 89121
      View Details
    • $549,999
      3,112 SF

      Las Vegas Fourplex with Amenities

      Well-maintained Las Vegas fourplex with community pool and in-unit laundry.
      2754 Aarondavid Drive, Las Vegas, NV 89121
      View Details

    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.
    (702) 388-1800 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Hayim Mizrachi, SIOR, CCIM
    Hayim Mizrachi, SIOR, CCIM
    Real Estate License ID: NV 143643
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    3059 S. Maryland Parkway, Las Vegas, NV 89109
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!