Add Listing
Property Lookup
    Property Lookup
    • 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
    Property profile & analytics

    1378 Paseo Verde Pkwy Henderson, NV 89012

    • Office Properties & Spaces
    • 4,322 SF
    For Sale
    View listing
    $1,426,260
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Kenneth Hill DDS / Dental Office
    • doral academies of las vegas - academica nevada / High School / Vocational School
    • Park Ridge Dental Kenneth E Hl / Dental Office
    • Parkridge Dental / Dental Office
    • Intellatek / Tech Support Center / IT Consulting Firm

    Property Details for 1378 Paseo Verde Pkwy

    Year built
    2008
    Property size
    4,322 SF
    Property type
    Office Properties & Spaces

    Description

    This fully built-out 4,322 square foot office space is located at 1378 Paseo Verde Pkwy, Suite 200, Henderson, NV 89012. The single-story, 2008-built building offers five private offices, a large open workspace, two conference rooms, a breakroom, two storage spaces, and four restrooms. Additional features include a lobby/reception area. The space is situated within the Stephanie Place Professional Park, a well-maintained complex with ample parking and convenient access to I-215 Beltway. The property boasts frontage along Stephanie Street and two ingress/egress points along Paseo Verde Parkway. Its prime location offers proximity to numerous restaurants, retail establishments, medical offices, and upscale residential communities such as MacDonald Highlands, Ascaya, and Green Valley Ranch. The asking price is $1,426,260 ($330/sq ft). The common area maintenance (CAM) fee is $1,017 per month. Occupancy is available July 1, 2024. The property is zoned CO and has a Clark County APN of 178-22-118-017.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Henderson
    County
    Clark
    State
    Nevada
    Longitude
    -115.046
    Latitude
    36.0264

    Comparable in this City

    • Value Estimation by Request
      4,493 SF

      1358 Paseo Verde Pkwy

      Medical offices • 4,493 SF
      1358 Paseo Verde Pkwy, Henderson, NV 89012
      View Details
    • Value Estimation
      $4,765,000
      28,692 SF

      1700 Horizon Rdg Pkwy

      OFFICE BUILDING • 28,692 SF
      1700 Horizon Rdg Pkwy, Henderson, NV 89012-4839
      View Details
    • Value Estimation
      $2,090,000
      9,511 SF

      1510 Horizon Rdg Pkwy Ste, Unit 140

      OFFICE BUILDING • 9,511 SF
      1510 Horizon Rdg Pkwy Ste, Henderson, NV 89012-3502
      View Details
    • Value Estimation
      $915,000
      5,660 SF

      40 Stephanie St Ste, Unit 110

      OFFICE BUILDING • 5,660 SF
      40 Stephanie St Ste, Henderson, NV 89012-5560
      View Details
    • Value Estimation by Request
      3,167 SF

      1669 Horizon Rdg Pkwy Ste, Unit 120

      MEDICAL BUILDING • 3,167 SF
      1669 Horizon Rdg Pkwy Ste, Henderson, NV 89012-3516
      View Details
    • Value Estimation
      $915,000
      5,660 SF

      40 Stephanie St Ste, Unit 200

      OFFICE BUILDING • 5,660 SF
      40 Stephanie St Ste, Henderson, NV 89012-5560
      View Details

    Similar Nearby for Sale

    • $1,426,260
      4,322 SF

      Henderson Office Space for Sale

      4,322 SF Office, Move-in Ready
      1378 Paseo Verde Pkwy, Henderson, NV 89012
      View Details
    • $1,961,000
      4,493 SF

      Henderson Office Condo Investment

      High-yield, 100% occupied medical office building.
      1358 Paseo Verde Pkwy, Henderson, NV 89012
      View Details
    • $1,150,000
      3,040 SF

      Green Valley Ranch Office Opportunity

      Modern medical/professional office in affluent Henderson submarket.
      1669 W Horizon Ridge Pkwy, Henderson, NV 89012
      View Details
    • Contact for pricing
      1,121 SF

      Sun City MacDonald Ranch Home

      Two-bedroom home in active adult community with numerous amenities.
      2093 High Mesa Dr, Henderson, NV 89012
      View Details
    • $3,129,940
      0.77 Acres

      Henderson Land with City Views

      Exclusive Henderson land offering spectacular city and mountain views.
      511 Rock Peak Dr, Henderson, NV 89012
      View Details
    • $1,900,000
      1.04 Acres

      Ascaya Homesite with Strip Views

      1.04-acre homesite in Ascaya with sweeping views.
      11 Horseshoe Rock Ct, Henderson, NV 89012
      View Details

    Similar Nearby for Lease

    • $23 SF/Yr
      982 SF

      Henderson Executive Office Suite

      982 SF Office, Prime Location, Ample Parking
      1700 Horizon Ridge Pkwy, Henderson, NV 89012
      View Details
    • $1.75 SF/Yr
      1,264 SF

      Office Suite in Prime Location

      Office suite with reception and open work area for rent.
      2480 W Horizon Ridge Pkwy, Henderson, NV 89012
      View Details
    • $1.95 SF/Yr
      28,762 SF

      Office Space Near Green Valley Ranch

      Professionally managed office building near amenities and major transportation routes.
      1700 W Horizon Dr, Henderson, NV 89012
      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
    • $22 SF/Yr
      14,304 SF

      Henderson Executive Office Suites

      Prime Henderson location, flexible workspace options.
      170 Green Valley Pkwy, Henderson, NV 89012
      View Details
    • Contact for pricing
      8,549 SF

      Henderson Office Space Available

      8,549 square foot office space for rent in Henderson, NV.
      1401 N Green Valley Pkwy, Henderson, NV 89012
      View Details
    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.
    1378 Paseo Verde Pkwy
    Henderson, NV 89012
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!