Technical
Financial
Distress signals
Property profile

220 Horizon Dr Henderson, NV 89015

OFF-MARKET
Office buildings
Property ID
US62-0265119
14,060 SF 1.22 ac lot Built 1999
Entity Owned 14-yr Hold ~ Est. High Equity
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional 14,060-square-foot medical office building, located at 220 E Horizon Dr in Henderson, Nevada, presents a compelling investment opportunity. The Class B property, built in 1999 and renovated in 2019, sits on a 1.22-acre lot zoned CN (Neighborhood Commercial) and boasts 74 parking spaces. Currently 83% occupied, the multi-tenant building features a strong anchor tenant, the Southern Nevada Health District, and several long-term tenants including Premier Dental, Black Mountain Youth Academy, Little Angels Youth Services, and The Empowerment Centre. The asking price is $4,353,000, representing a 5.00% cap rate and a price per square foot of $309.60. The Net Operating Income (NOI) is $217,654. The property's modern two-tone exterior paint and desert landscaping create a visually appealing presentation. Its convenient location, approximately half a mile east of US-95, offers excellent visibility and accessibility. The building's design accommodates six tenants, and one vacant suite presents an opportunity for an owner-user or additional lease income. The property features extensive medical build-outs, including numerous wet exam rooms and extra restrooms in several suites. This is an ideal investment for buyers seeking strong income generation from established tenants or owner-users desiring supplemental income. The lease type is NNN.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1999
Construction FRAME
Total area 14,060 SF
Lot 1.22 ac (53,143 SF)
APN 179-19-805-013
UPID US62-0265119

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Dental Office
  • Dental Office
  • Marriage Or Relationship Counselor
  • Public Health Department
  • Physician

Location

220 Horizon Dr Henderson, NV 89015-8035
Henderson metro Census 5335 LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.45M
Blend (final) Blend
$465k

Owner & transaction history

since 2012
6 recorded transactions
2019
Price N/A
2012
$850,000
2011
$1.0M
2007
$2.4M
2001
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 220 Horizon Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
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