9950 W Cheyenne Ave, Las Vegas, NV
33,098 SF vacant office building near Summerlin in Las Vegas.
- Added:
- May 12, 2025
- Days on Market:
- 397
- Last Refresh:
- May 20 at 8:45 pm
Property Features for 9950 W Cheyenne Ave
General Information
- Standard status
- Active
- Size
- 33,098 SF
- Lot size
- 2.20 Acres
- Property subtype
- OFFICE
Listing agent Mica Berg
Listing office Adelphi Property Advisors LLC (702) 755-5486
Listing date May 12, 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 Adelphi Property Advisors LLC
HighLights
- Located on the edge of the highly desirable Summerlin master‑planned community.
- Priced below replacement cost at $184 PSF.
- Immediate access to CC 215 Beltway and nearby Summerlin Parkway.
- 33,098 SF vacant office building.
- Formerly occupied by a law firm with significant buildout investment.
- Summerlin projected to grow by 7.0% in the next 5 years.
Overview
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 | $794.4k | $24.00 |
| − Vacancy | −$115.2k | −$3.48 |
| EGI | $679.2k | $20.52 |
| − OpEx | −$169.8k | −$5.13 |
| NOI | $509.4k | $15.39 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Las Vegas
- County
- Clark
- State
- Nevada
- Longitude
- -115.313
- Latitude
- 36.2197
