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Property profile & analytics
FOR LEASE
Office buildings

3059 S Maryland Pkwy Las Vegas, NV 89109

18,754 SF 0.49 ac lot Built 1981
Entity Owned 9-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US62-0042917
Property summary
AI-generated overview

This exceptional investment opportunity presents two medical/professional office buildings totaling approximately 49,703 square feet, situated at 3059 & 3061 S. Maryland Parkway in Las Vegas, Nevada. The property boasts a convenient location directly across from Sunrise Hospital Medical Center within the vibrant East Las Vegas Medical District. The buildings are zoned C-2 (General Commercial) and sit on a 1.44-acre lot. Multiple tenancy options are available, with spaces ranging from a minimum of 4,043 square feet to a maximum contiguous space of 9,698 square feet. Currently, there are 18,753 square feet of vacant space, offering significant potential for immediate occupancy. This second-generation space is ideal for medical or professional office users seeking a well-established presence in a high-demand area. The property's prime location on Maryland Parkway ensures excellent visibility and accessibility, making it an attractive option for businesses seeking a strategic location within the thriving Las Vegas medical community. Clark County location and easy access to major transportation routes further enhance its appeal. This is a rare opportunity to acquire a well-positioned medical office complex in a rapidly growing market.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1981
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 18,754 SF
Lot 0.49 ac (21,344 SF)
APN 162-10-703-007
UPID US62-0042917
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
  • Dr. Maurice Pockey, MD Physician
  • Dr. June D. Sigman, MD Physician
  • David P. Marmaduke, MD, FCAP Physician
  • Al-Adham Basel Medical Clinic
  • Excel Clinical Research Medical Laboratory
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$4.74M
Comparable Approach Comparable
$8.22M
Blend (final) Blend
$6.94M
Owner & transaction history
Zad Investment LLC · 9 yrs held
Zad Investment LLC
since 2016
7 recorded transactions
2016
Price N/A
2016
Price N/A
2015
$6.2M
2005
$4.1M
2005
Price N/A
1999
$1.1M
1998
$680,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $10.4M +83.4%
Neighborhood: shopping center $8.1M +43.4%
Retail stores $7.0M +23.5%
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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