Property profile

375 Stephanie St 1 Henderson, NV 89014

OFF-MARKET
Turn key restaurants
Property ID
US62-0176006
6,952 SF 0.98 ac lot Built 1999
Entity Owned 4-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional single-story office building, situated at 375 N. Stephanie St. in Henderson's vibrant community, presents a unique opportunity. Boasting a total of 8,540 square feet, the property is zoned Community Commercial (CC) and offers a flexible layout suitable for various office uses, including traditional, medical, and creative office spaces. Currently, there is one large, contiguous space of 5,267 square feet immediately available for lease. The building features a total of two suites, making it ideal for a single tenant seeking a substantial footprint or for two synergistic businesses. Constructed in 1999, the Class B building is well-maintained and benefits from excellent visibility and accessibility due to its location near the intersection of Warm Springs and Stephanie Streets. The property's APN is 178-09-520-009, and it's located in Clark County's Henderson submarket. The minimum divisible space is 5,267 square feet, offering significant potential for businesses requiring ample room. This property offers a blend of office functionality and retail exposure, making it an attractive option for businesses seeking a prominent presence in a thriving area. The building's single-story design provides convenient access and ample parking. Don't miss this chance to secure a well-located, versatile office space in a desirable Henderson location.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1999
Construction FRAME
Total area 6,952 SF
Lot 0.98 ac (42,689 SF)
APN 178-09-520-015
UPID US62-0176006

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
  • Real Estate Agency
  • Real Estate Agency
  • Insurance Agency
  • Dental Office
  • Dental Office

Location

375 Stephanie St, Unit 1 Henderson, NV 89014-8771
Henderson metro Census 5108 LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$4.01M
CAP Approach CAP
by Request
Comparable Approach Comparable
$4.32M
Blend (final) Blend
$4.25M

Owner & transaction history

since 2022
Last sale
$4.7M
7 recorded transactions
2022
$4.7M
2021
$2.8M
2017
Price N/A
2017
Price N/A
2010
Price N/A
2000
$2.1M
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Commercial (general) $6.6M +50.2%
Medical building $4.9M +10.0%

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
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