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Property profile & analytics
OFF-MARKET Estimated value $2,390,000
Office buildings

220 Horizon Dr Henderson, NV 89015-8035

14,060 SF 1.22 ac lot Built 1999
Entity Owned 14-yr Hold ~ Est. High Equity
Property ID
US62-0265119
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Premier Dental Care Dental Office
  • Song Alex Y DDS Dental Office
  • The Empowerment Centre, LLC Marriage Or Relationship Counselor
  • Southern Nevada Health District Henderson Public Health Center Public Health Department
  • Soutthern Nevada Healt District Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.45M
Blend (final) Blend
$2.39M
Owner & transaction history
Horizon8888 LLC · 14 yrs held
Horizon8888 LLC
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
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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