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    Property profile & analytics

    168 Gibson Rd Henderson, NV 89014

    • Office space
    • 29,988 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US62-0142581
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • PRA, LLC. / Corporate Office

    Property Details for 168 Gibson Rd

    Year built
    1997
    Property size
    29,988 SF
    Property type
    Office space

    Description

    This exceptional single-story office building in Henderson, Nevada, offers 29,988 square feet of immediately available space. The property, built in 1997, is classified as Class B and features a convenient single-tenant occupancy. Situated on a 2.99-acre lot, the building boasts modern amenities including fiber optics and a backup generator, making it a true "plug-and-play" solution. The building is a one-story structure without elevators. Its prime location provides easy access to major freeways, including the CC-215 and US-95, offering a quick commute to Harry Reid International Airport and the Las Vegas Strip. This location is part of Henderson's thriving office market, the fifth largest and newest in the Las Vegas area, known for its blend of modern functionality, amenities, and proximity to desirable residential areas. The property's APN is 178-14-111-020. This fully furnished space is ideal for a variety of businesses seeking a high-class, efficient workspace. The property is ready for immediate occupancy.

    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
    -115.0288978
    Latitude
    36.039649

    Comparable in this City

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      1,981 SF

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      Green Valley Office Suites

      Henderson, NV Office Space Available
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    • $1.40 SF/Yr
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      Henderson Office Space For Rent

      Single-story office complex in Henderson with ample parking and amenities.
      2625 N Green Valley Pkwy, Henderson, NV 89014
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    • $2 SF/Yr
      1,353 SF

      Henderson Office Space For Rent

      Office space available in Henderson with prominent signage.
      2510 Wigwam Pkwy, Henderson, NV 89014
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    • $12 SF/Yr
      12,000 SF

      Henderson Mixed-Use Investment Opportunity

      Gaming Bar, Office Space Available
      2920 Green Valley Pkwy, Henderson, NV 89014
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    • $21 SF/Yr
      2,425 SF

      Office Space in Henderson

      Office space available for lease in Henderson, Nevada.
      1389 Galleria Dr, Henderson, NV 89014
      View Details

    Similar Nearby for Sale

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      Henderson Office Building For Sale

      8,751 SF office building available in Henderson, Nevada.
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    • $250,000
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      Luxurious Condo with High Ceilings

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      Henderson Warehouse Space For Sale

      6,398 SF warehouse space available in Henderson, Nevada.
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    Similar Nearby for Lease

    • $1.55 SF/Yr
      1,915 SF

      Henderson Office Space For Rent

      High-profile office complex with park-like setting and convenient highway access.
      1481 W Warm Springs Rd, Henderson, NV 89014
      View Details
    • $2 SF/Yr
      1,353 SF

      Henderson Office Space For Rent

      Office space available in Henderson with prominent signage.
      2510 Wigwam Pkwy, Henderson, NV 89014
      View Details
    • $1.40 SF/Yr
      106,920 SF

      Henderson Office Space For Rent

      Single-story office complex in Henderson with ample parking and amenities.
      2625 N Green Valley Pkwy, Henderson, NV 89014
      View Details
    • $16 SF/Yr
      11,595 SF

      Green Valley Office Suites

      Henderson, NV Office Space Available
      2501-2651 Green Valley Pkwy, Henderson, NV 89014
      View Details
    • $12 SF/Yr
      12,000 SF

      Henderson Mixed-Use Investment Opportunity

      Gaming Bar, Office Space Available
      2920 Green Valley Pkwy, Henderson, NV 89014
      View Details
    • $21 SF/Yr
      2,425 SF

      Office Space in Henderson

      Office space available for lease in Henderson, Nevada.
      1389 Galleria Dr, Henderson, NV 89014
      View Details
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    168 Gibson Rd
    Henderson, NV 89014
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    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
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