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    1980 Festival Plz Dr #340 Las Vegas, NV 89135

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    For Lease
    $50 SF/Yr

    Nine-story Class A office building in Downtown Summerlin for lease.

    Property Features for 1980 Festival Plz Dr #340

    General Information

    Standard status
    Active

    Building Details

    Year built
    2014

    Source: Charles Van Geel Agent Charles Van Geel

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Class A Office in Summerlin

    One Summerlin is a 9-story, Class-A office building located in Downtown Summerlin. The building offers approximately 207,292 square feet of space and sits atop a variety of ground-level retail amenities. The building is designed with expansive floor plates exceeding 25,000 square feet to foster collaboration. The building's design incorporates an abundance of natural light and provides tenants with 360-degree panoramic mountain and strip views.
    Insight Report Location Intelligence

    Current Use by Public Records

    White House Black ... Women'S Clothing Store The Best Hummus Ever ... Restaurant Electric Bike Association Bicycle Shop Willis Towers Watson Business Management Consultant AJIA Innogroup Holdings ... Software Company

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.122
    Latitude
    36.1889

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    FAQs

    What type of property is this?
    Office building - Nine-story Class A office building in Downtown Summerlin for lease.
    Where is this office building located?
    The property is located at 1980 Festival Plz Dr #340 Las Vegas, NV.
    What is the lease rate?
    The lease rate is $50 SF/Yr.
    What are key features of this property?
    This property features: - Prime location in Downtown Summerlin.; - Class-A, 9-story office building with approximately 207,292 SF.; - Expansive 25,000+ SF floor plates designed for collaboration.
    (702) 581-1963
    Request Owner's contact information
    1980 Festival Plz Dr #340 Las Vegas, NV 89135
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    Realmo Value Estimation

    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.

    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.

    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
    1980 Festival Plz Dr #340 Las Vegas, NV 89135
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