Premier Office Condo For
8876 Spanish Ridge Avenue Las Vegas, NV 89148
For Sale
$1,469,000
First-floor office condo in desirable Southwest sub-market.
Property Size4,520 SF
Price / SF$325
Days on Market123
Property Features for 8876 Spanish Ridge Avenue
General Information
- Standard status
- Active
- Size
- 4,520 SF
- Property subtype
- Office
Listing Agency:
(702) 369-4924
Listed By:
Linda Gonzales · License #BS. 0049667
(702) 369-4924
Source:
Cbre
Added: Mar 25
Changed: Jul 6
Last Checked: Jul 25 at 2:09AM
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 Linda Gonzales
Investment Insights
Based on property information with market context.
Located at The Premier Park at Spanish Ridge, 8876 Spanish Ridge Avenue, Suite 104 is a first-floor office condo offering approximately 4,520 square feet of space suitable for professional and medical office users. The condo is situated within a two-story office building that measures approximately 35,500 gross square feet. The Park at Spanish Ridge, developed by Smith & Glen Development, is a 40-acre master-planned business park featuring 62,000 square feet of single and multi-story Class A offices. The property benefits from a high-profile interior design and building signage. It provides convenient access to the 215-Beltway and is located in the Southwest sub-market, near Spanish Hills, Spanish Trails, and South Summerlin. The location offers proximity to Southern Hills Hospital and Medical Center, a 265-bed hospital managed by HCA Healthcare, as well as the new Durango Casino & Resort and the new mixed-use development, UnCommons. The suite has two separate entrances. Covered parking and building signage are available. The property has beautiful common areas with mature landscaping and large interior windows. The net square footage is approximately 3,931 square feet, while the gross square footage is approximately 4,520 square feet. The zoning is C-P.
Key Highlights
- First‑floor office condo in a Class A business park.
- Easy access to the 215‑Beltway.
- Located in the desirable Southwest sub‑market.
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 | $108.5k | $24.00 |
| − Vacancy | −$15.7k | −$3.48 |
| EGI | $92.8k | $20.52 |
| − OpEx | −$23.2k | −$5.13 |
| NOI | $69.6k | $15.39 |
4,520 SF · lease $24.00/SF/yr · vacancy 14.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$993.8K
$869.5K – $1.16M
NOI $69,563 @ 7.0% cap · market cap 4.74%
Second Best
Healthcare Medical
$888.5K
$777.4K – $1.04M
NOI $62,192 @ 7.0% cap · market cap 4.23%
Theoretical Best
Office A
$1.35M
$1.18M – $1.58M
NOI $94,595 @ 7.0% cap · market cap 6.44%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Jason L. Downey, ...
Dental Office
Arista Wealth Management
Financial Advisor
Christina Nguyen, MD
Physician
Puma Management Group
Consultant
Gabrielle Peterson
Physician
FAQs
What type of property is this?
Office units - First-floor office condo in desirable Southwest sub-market.
Where is this office units located?
The property is located at 8876 Spanish Ridge Avenue Las Vegas, NV.
What is the asking price?
The asking price for this property is $1,469,000.
What are key features of this property?
This property features: First‑floor office condo in a Class A business park.; Easy access to the 215‑Beltway.; Located in the desirable Southwest sub‑market.
