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    Las Vegas Office Building Opportunity Title is generated by Realmo AI

    840 Grier Dr, Las Vegas, NV

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    Three-story, 66,212 SF office building near airport and highways.

    Type:OFFICE
    Property size:
    66,212 SF
    Lot size:
    3.73 Acres
    Price / SF:
    $274/SF
    Added:
    Feb 14, 2025
    Days on Market:
    482
    Last Refresh:
    May 20 at 9:44 pm

    Property Features for 840 Grier Dr

    General Information

    Standard status
    Active
    Size
    66,212 SF
    Lot size
    3.73 Acres
    Property subtype
    OFFICE

    Properties For Sale

    at 840 Grier Dr Contact us

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    Listing Contact
    Cathy Jones
    Cathy Jones

    Listing agent Cathy Jones

    Listing office Logic Commercial Real Estate | Las Vegas

    Listing date Feb 14, 2025

    Source Moodyscre

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

    All listing content including descriptions, pricing, images are the copyrighted material of Logic Commercial Real Estate | Las Vegas

    HighLights

    • Rare ±66,212 SF full building office opportunity with versatile options: single tenant lease, multi‑tenant lease, owner‑user purchase, or condo subdivision.
    • Prime location in the MGM office campus in Central Las Vegas, near I‑15 and I‑215.
    • Excellent visibility with ±364 feet of frontage on Sunset Rd. (±31,600 CPD) and unobstructed views of Harry Reid International Airport.
    • Located in close proximity to Harry Reid International Airport, which welcomed 57.6 million visitors in 2023.
    • Existing infrastructure supports multi‑tenant occupancy, providing immediate leasing or condo conversion potential.
    • Built in 1997 on ±3.73 acres.

    Overview

    Located within the MGM office campus in Central Las Vegas, 840 Grier Dr. is a three-story office building totaling approximately 66,212 square feet on approximately 3.73 acres. Constructed in 1997, the property is ideally positioned near major highways I-15 and I-215. The property has approximately 364 feet of frontage along Sunset Rd., which sees approximately 31,600 cars per day, and enjoys unobstructed visibility from the main runway at Harry Reid International Airport, which welcomed 57.6 million visitors in 2023. This vacant building presents versatile opportunities for an investor to lease it to a large single tenant or multiple tenants, or the property could be sold to an owner-user or subdivided as condos for sale to multiple owner-users. The building's existing infrastructure supports all these options, having previously functioned as a multi-tenant facility before the most recent tenant vacated at the conclusion of their lease term.

    Local Financial Insights For Office B

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $1.59M $24.00
    − Vacancy −$230.4k −$3.48
    EGI $1.36M $20.52
    − OpEx −$339.7k −$5.13
    NOI $1.02M $15.39
    66,212 SF · lease $24.00/SF/yr · vacancy 14.50% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $14.56M
    $12.74M – $16.98M (±1% cap)
    NOI $1,019,003 @ 7.0% cap · market cap 5.60%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Specialty Retail
    $22.88M
    $20.02M – $26.69M (±1% cap)
    NOI $1,601,533 @ 7.0% cap · market cap 8.80%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    MGM Resorts International ... Corporate Office Dr. Mark Fotovat Dental Office RBC Builder Construction Company

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Auto Repair Shop Big Box & Wholesale Store Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.145
    Latitude
    36.0709

    FAQs

    What type of property is this?
    Office building - Three-story, 66,212 SF office building near airport and highways.
    Where is this office building located?
    The property is located at 840 Grier Dr Las Vegas, NV.
    What is the asking price?
    The asking price for this property is $18,208,000.
    What are key features of this property?
    This property features: Rare ±66,212 SF full building office opportunity with versatile options: single tenant lease, multi‑tenant lease, owner‑user purchase, or condo subdivision.; Prime location in the MGM office campus in Central Las Vegas, near I‑15 and I‑215.; Excellent visibility with ±364 feet of frontage on Sunset Rd. (±31,600 CPD) and unobstructed views of Harry Reid International Airport.
    (702) 595-8765 Call to check price and availability
    More about this property
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