Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2950 E Flamingo Rd, Unit I Las Vegas, NV 89121

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    2,839 SF office space with modern amenities for lease.

    Building Details

    Year built
    1985

    We can help!

    Listing Contact
    David Livingston
    David Livingston
    Source: Svn

    Listing Agent: David Livingston

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

    Learn more

    Property Insight Report

    Overview

    Modern Office Space in Las Vegas

    This 2,839 SF building in Las Vegas offers a leasing opportunity with glass partitions, dropdown LED lighting, and break rooms. The property features covered parking and abundant natural light, designed to cater to the needs of modern office spaces. The building blends functionality and aesthetic appeal, creating an inviting and productive work environment. The location offers close proximity to major attractions including the MSG Sphere, Allegiant Stadium, the future Las Vegas Athletics Ball Park, and The Harry Reid International Airport. This location provides a draw for office space investors seeking to capitalize on the dynamic energy of the city.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Emerald Medical Center Medical Clinic Skye Counseling Counselor Attorney Recomindations Law Firm Law Offices Of Mont ... Law Firm Gary L Compton ... Law Firm

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.1105037
    Latitude
    36.1154123

    Nearby Similar for Lease

    • Contact for pricing

      NV, Las Vegas - South Maryland Parkway

      Discover many ways to work your way in NV, Las Vegas - South Maryland Parkway
      4220 Maryland Pkwy, Las Vegas, NV 89119
      View Details
    • Contact for pricing

      NV, Las Vegas - Convention Center Dr.

      Discover many ways to work your way in NV, Las Vegas - Convention Center Dr.
      101 Convention Center Dr, Las Vegas, NV 89109
      View Details
    • Contact for pricing

      NV, Las Vegas - W Tropicana Ave

      Workspaces, services and support to help you work better in AL, Mobile - Cottage Hill Rd
      6787 Tropicana Ave, Las Vegas, NV 89103
      View Details
    • Sponsored
      Contact for pricing

      NV, Las Vegas - Fire Mesa St

      Flexible workspace in IL, Hoffman Estates - Prairie Stone Pkwy
      2410 Fire Mesa St, Las Vegas, NV 89128
      View Details
    • Contact for pricing

      NV, Las Vegas - S 4th St

      Discover many ways to work your way in NV, Las Vegas - S 4th St
      400 4Th St, Las Vegas, NV 89101
      View Details
    • Sponsored
      Contact for pricing

      NV, Las Vegas - Raymert Dr

      Flexible workspace in NV, Las Vegas - Raymert Dr
      3838 Raymert Dr, Las Vegas, NV 89121
      View Details
    • Sponsored
      Contact for pricing

      The Canyons at Summerlin

      Discover many ways to work your way in The Canyons at Summerlin
      1180 Town Center Dr, Las Vegas, NV 89144
      View Details
    • New
      Contact for pricing

      Howard Hughes Parkway

      Discover many ways to work your way in Howard Hughes Parkway
      3960 Howard Hughes Pkwy, Las Vegas, NV 89109
      View Details
    • Contact for pricing

      Downtown Summerlin

      Discover many ways to work your way in Downtown Summerlin
      1980 Festival Plaza Dr, Las Vegas, NV 89135
      View Details
    • Contact for pricing

      Howard Hughes II

      Discover many ways to work your way in Howard Hughes II
      3753 Howard Hughes Pkwy, Las Vegas, NV 89169
      View Details
    • Contact for pricing

      City Cental Place

      Discover many ways to work your way in City Cental Place
      400 4Th St, Las Vegas, NV 89101
      View Details
    • Sponsored
      Contact for pricing

      Arroyo Crossing

      Discover many ways to work your way in Arroyo Crossing
      7455 Arroyo Crossing Pkwy, Las Vegas, NV 89113
      View Details

    FAQs

    What type of property is this?
    Office units - 2,839 SF office space with modern amenities for lease.
    Where is this office units located?
    The property is located at 2950 E Flamingo Rd, Unit I Las Vegas, NV.
    What are key features of this property?
    This property features: - Prime Las Vegas location near major attractions.; - 2,839 SF building designed for modern office spaces.; - Abundant natural light.
    (702) 533-9562
    Request Owner's contact information
    2950 E Flamingo Rd, Unit I Las Vegas, NV 89121
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2950 E Flamingo Rd, Unit I
    Las Vegas, NV 89121
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    2950 E Flamingo Rd, Unit I Las Vegas, NV 89121
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    David Livingston
    David Livingston
    Real Estate License ID: #BS.146519
    (702) 533-9562 (702) 527-7915 (702) 369-4300
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!