1912 Civic Ctr Dr, North Las Vegas, NV 89030-7164
- Medical Office Space
- 13,674 SF
- 0.96 lot acres
Current Use by Public Records
- Clinica De Sangre / Hospital
- Talecris Plasma Resources / Medical Clinic
- Grifols plasma center / Charitable Organization / Social Service Agency
Property Details for 1912 Civic Ctr Dr
- Year built
- 1961
- Construction
- FRAME
- Lot size
- 0.96 lot acres
- Property type
- Medical Office Space
- Property subtype
- Medical centers
- APN
- 139-24-310-004
- APU
- 13924310004
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jan 8, 2025 | $4,276,926 | Jht Properties LLC | Arg Pslasnv001 LLC | Bargain & Sale Deed | $2.4M · Bay Commercial Bank |
| May 20, 2020 | $4,220,700 | Arg Pslasnv001 LLC | Wells Plasma LLC | Grant Deed | — |
| Feb 20, 2018 | — | Wells Plasma LLC | — | Deed · related | $2.7M · Wells Fargo Bk |
| Feb 2, 2018 | — | Wells Plasma LLC | Rr Company America LLC | Bargain And Sale Deed | — |
| Feb 7, 2017 | — | Rr Co Of America LLC | — | Trustees Deed · related | $1.8M · Whitney Bk |
| Aug 30, 2002 | $575,000 | Rr Co Of America LLC | Nevada State Bank | Grant Deed | $1.8M · Union Bank |
| — | — | Rr Co Of America LLC | — | Deed Of Trust · related | $15M · Octapharma Ag |
| — | — | Rr Co Of America LLC | — | Deed Of Trust · related | $600k · Teche Fsb |
| — | — | Wells Plasma LLC | — | Deed Of Trust · related | $2.7M · Wells Fargo Bk |
Description
This exceptional investment opportunity presents a 16,826-square-foot medical office building in North Las Vegas, Nevada, currently 100% occupied by Talecris Plasma Resources under a net lease. The property boasts a 7.5% cap rate and a substantial remaining lease term of 7.5 years, extending to May 31, 2032. The lease includes 2% annual rent bumps and one 5-year renewal option. The building, renovated in 2017, sits on a 0.96-acre lot and enjoys a prime location at 1912 Civic Center Dr, near the intersection of Civic Center Drive and Lake Mead Boulevard, with a combined daily traffic count of 72,500 vehicles. Its proximity to Interstate 15 (206,000 VPD), North Vista Hospital, College Park Shopping Mall, and Civic Center Plaza further enhances its desirability. The property benefits from a strong tenant, Talecris Plasma Resources, a subsidiary of Grifols, a global healthcare leader. The asking price is $4,446,792, with a net operating income (NOI) of $333,509. The location within the Las Vegas MSA, a high-population area with an average household income of $71,773 within a five-mile radius, contributes to the property's strong investment potential. The tenant's significant operating history since March 1, 2007, and multiple lease extensions underscore their commitment to the site. Nevada's income tax-free status adds further appeal. This is a rare opportunity to acquire a stable, high-performing asset in a thriving market.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $4,505,000
- ML approach
- $4,860,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,955,000
- 6.5%
- $2,725,000
- 7%
- $2,530,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $2,999,000
Market price range: $2.51M - $5.87M -
Alternative Use
- Use
- Estimation
- MEDICAL BUILDING
- $3,950,000 Current use
- NEIGHBORHOOD: SHOPPING CENTER
- $6,140,000 Change: +55% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $5,595,000 Change: +42% Conversion: Difficult
- OFFICE BUILDING
- $4,425,000 Change: +12% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- North Las Vegas
- County
- Clark
- State
- Nevada
- Longitude
- -115.116
- Latitude
- 36.1948
- CBSA code
- 29820
- CBSA name
- LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA
