Built-Out Second Floor Office
For Sale
Contact for pricing
Pending
1378 Paseo Verde Pkwy, Henderson, NV 89012
Second floor office space with private offices and conference rooms.
Property Size4,322 SF
Days on Market800
Property Features for 1378 Paseo Verde Pkwy
General Information
Standard status
Pending
Size
4,322 SF
Property subtype
Office
Zoning
CO
Building Details
Year Built
2008
Buildings
1
Stories
1
Units
1
Listing Agency:
R.O.I. Commercial Real Estate, Inc. Las Vegas
Listed By:
Angelica Clemmer, CCIM · License #NV 0177553
Source:
Crexi
Added: Jun 27, 2024
Changed: Aug 8
Last Checked: Jul 25 at 6:50AM
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 R.O.I. Commercial Real Estate, Inc. Las Vegas
Investment Insights
Based on property information with market context.
This is a fully built-out second-floor office space featuring five private offices, a large open office area, two conference rooms, and a breakroom. The layout includes two storage spaces, four restrooms, and a lobby/reception area. The CAM fee is $1,017 monthly. The property size is 4,322 square feet.
Key Highlights
- Fully built‑out office space ready for immediate occupancy
- Includes five private offices and a large open office space
- Features two conference rooms for meetings and presentations
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$70,921
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.97%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,418,420
$1.4M
Cap Rate 7%
$1,013,157
$1.0M
Cap Rate 9%
$788,011
$788.0K
Market Conditions
NOI Build-Up for 4,322 SF
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.
Gross rent
$114.6K $26.52/SF
− Vacancy
−$20.1K −$4.64/SF
EGI
$94.6K $21.88/SF
− OpEx
−$23.6K −$5.47/SF
NOI
$70.9K $16.41/SF
Area
Henderson, NV
Vacancy
17.50%
Lease Rate
$26.52 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,418,420
Cap Rate 7%
$1,013,157
Cap Rate 9%
$788,011
Alternative Uses
Best Use
Office B
$1.01M
$886.5K – $1.18M
NOI $70,921 @ 7.0% cap · market cap 4.97%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.51M
$1.32M – $1.77M
NOI $105,981 @ 7.0% cap · market cap 7.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
813
Businesses Nearby
Explore this area
Business Placement
Demographics for 89012, NV
35,211
Population
16,776
Households
2.1
Avg Household Size
44
Median Age
44%
College-Educated
97%
High-School Grad
10.7 sq mi
ZIP Area
3,291
Density / Sq Mi
$97,468
Median Household Income
$56,708
Median Earnings
$1,915
Median Rent
$472,100
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Second floor office space with private offices and conference rooms.
Where is this office units located?
The property is located at 1378 Paseo Verde Pkwy Henderson, NV.
What is the asking price?
The asking price for this property is $1,426,260.
What are key features of this property?
This property features: Fully built‑out office space ready for immediate occupancy; Includes five private offices and a large open office space; Features two conference rooms for meetings and presentations
