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    323 Orville Wright Ct Las Vegas, NV 89119

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    For Sale
    $8,950,000

    Fully leased flex space in high-demand Airport submarket.

    Property size:
    18,007 SF
    Lot size:
    0.73 Acres

    Property Features for 323 Orville Wright Ct

    General Information

    Size
    18,007 SF
    Lot size
    0.73 Acres

    Source: Cushman & Wakefield | Las Vegas Agent Donna Alderson

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

    Overview

    Las Vegas Flex Space For Sale

    This well-maintained flex space property is 100% leased to a single tenant, generating a current net operating income of $535,200. Situated in the heart of the Airport submarket, the property benefits from an infill location with close proximity to a large workforce. The 420-acre Hughes Airport Center provides a controlled environment and tenant mix. The Airport submarket has a low vacancy rate of 3.7% as of Q4 2024. Limited construction and developable land are expected to put upward pressure on rental rates. The property is located at 323 Orville Wright Ct, Las Vegas, NV and has a total size of 18,007 square feet. The local economy is supported by migration trends, a low cost of living, and a pro-business tax environment.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Realty agency Building Supply Dental Office Law Firm Spa & Massage Wholesale Shop Auto Repair Shop 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
    -115.158686
    Latitude
    36.067977

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    FAQs

    What type of property is this?
    Flex space - Fully leased flex space in high-demand Airport submarket.
    Where is this flex space located?
    The property is located at 323 Orville Wright Ct Las Vegas, NV.
    What is the asking price?
    The asking price for this property is $8,950,000.
    What are key features of this property?
    This property features: - Stabilized Rental Income: 100% leased with current NOI of $535,200.; - Irreplaceable Location: Heart of Airport submarket with proximity to workforce.; - Strong Market Dynamic: Low 3.7% vacancy rate in Airport submarket (Q4 2024).
    (702) 796-7900
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    323 Orville Wright Ct Las Vegas, NV 89119
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    Las Vegas, NV 89119
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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
    323 Orville Wright Ct Las Vegas, NV 89119
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