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    291 North Pecos Rd Henderson, NV 89074

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    291 North Pecos Rd Henderson, NV 89074

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    • Medical Office Space
    • 8,274 SF
    • 1.03 lot acres
    For Lease
    $2 SF/Yr
    View Listing →
    Medical/Professional Office Building For Lease For Lease
    $2 SF/Yr
    8,300 SF

    Medical/Professional Office Building For Lease

    Single-story medical/professional office building in Henderson/Paradise area of Las Vegas.

    291 North Pecos Road, Henderson, NV 89074
    View Listing
    Property ID
    US62-1306595
    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.
    Value Estimations
    $1,005,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Dr. Rafael Valencia, MD / Physician
    • Family Doctors Medical Center / Medical Clinic
    • Tynara Sarybashova / Physician
    • Rachel Smith / Physician
    • Jessica Miller / Physician

    Property Details for 291 North Pecos Rd

    Year built
    1996
    Construction
    FRAME
    Lot size
    1.03 lot acres
    Property size
    8,274 SF
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    177-12-711-010
    APU
    17712711010

    Description

    This single-story, 8,300-square-foot medical office building is located at 291 N. Pecos Road, Henderson, NV 89074. The property, situated on 1.03 acres of land (APN 17712711010), is zoned for Neighborhood Commercial use and was built in 1996. The building features a single tenant occupancy and boasts 6 exam rooms, a kitchen, a lab area, and ample storage space. Its convenient location is at the intersection of North Pecos Road and Robindale Road, between the Henderson and Paradise areas of Las Vegas, south of West Warm Springs Road. This prime location offers excellent accessibility and growth potential, surrounded by residential areas and numerous existing and future business developments. The building is classified as Class C and offers a significant opportunity for investors or medical professionals seeking a well-established space in a thriving area. The property's single-tenant setup provides stability and ease of management. This is a rare opportunity to acquire a well-maintained medical office building in a high-demand location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $930,000
      ML approach
      $985,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $705,000
      Market price range: $281k - $2.04M

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

    Location Insight

    • Map
    • Local Demand
    City
    Henderson
    County
    Clark
    State
    Nevada
    Longitude
    -115.101
    Latitude
    36.049
    CBSA code
    29820
    CBSA name
    LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $11,918
    $157,035
    $352,228
    $509,263
    -
    $448,671
    $1,006,366
    $1,455,037

    Comparable in this City

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      View Details
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      View Details
    • Value Estimation
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      93,691 SF

      100 Grn Vly Pkwy

      MEDICAL BUILDING • 93,691 SF
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      View Details

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      Medical/Professional Office Building For Lease

      Single-story medical/professional office building in Henderson/Paradise area of Las Vegas.
      291 North Pecos Rd, Henderson, NV 89074
      View Details
    • Contact for pricing

      Henderson Medical/Office Space Available

      Medical and office space for rent in Henderson, Nevada.
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    Henderson, NV 89074
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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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