Turnkey Office Building in Office
For Sale
$1,920,000
5125 S Durango Drive, Las Vegas, NV 89113
Turnkey office layout totaling 4,045 SF within Durango Trails Professional Complex, with ample on-site parking.
Property Size4,045 SF
Price / SF$474.66
Days on Market130
Property Features for 5125 S Durango Drive
General Information
Standard status
Active
Size
4,045 SF
Class
B
Property subtype
Office
Zoning
C-P
Building Details
Building Size
4,045 SF
Year Built
2005
Listing Agency:
MDL Group
(917) 414-9558
Listed By:
Michael Greene, CCIM · License #NV #S.0186326
(917) 414-9558
Source:
Corfac
Added: Apr 2
Changed: Aug 8
Last Checked: Aug 9 at 5:36AM
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 MDL Group
Investment Insights
Based on property information with market context.
MDL Group is pleased to present 5125 S Durango Dr, an owner-user office building located within the Durango Trails Professional Complex. The property offers a functional, turnkey office layout totaling 4,045 SF, suitable for a range of professional office uses.
The building is part of a well-maintained office environment that includes multiple single-story buildings and ample on-site parking for tenants and visitors. The property is zoned for Commercial Professional (C-P).
Set within the Southwest submarket, this office building provides a straightforward option for an owner-occupant looking for an established, professionally maintained setting.
The building is part of a well-maintained office environment that includes multiple single-story buildings and ample on-site parking for tenants and visitors. The property is zoned for Commercial Professional (C-P).
Set within the Southwest submarket, this office building provides a straightforward option for an owner-occupant looking for an established, professionally maintained setting.
Key Highlights
- 4,045 SF office space with a functional, turnkey office layout
- Located in the Durango Trails Office Park / Durango Trails Professional Complex
- Zoned for Commercial Professional (C‑P)
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$62,253
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.24%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,245,060
$1.2M
Cap Rate 7%
$889,329
$889.3K
Cap Rate 9%
$691,700
$691.7K
Market Conditions
NOI Build-Up for 4,045 SF
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.
Gross rent
$97.1K $24.00/SF
− Vacancy
−$14.1K −$3.48/SF
EGI
$83.0K $20.52/SF
− OpEx
−$20.8K −$5.13/SF
NOI
$62.3K $15.39/SF
Area
Las Vegas, NV
Vacancy
14.50%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,245,060
Cap Rate 7%
$889,329
Cap Rate 9%
$691,700
Alternative Uses
Best Use
Office B
$889.3K
$778.2K – $1.04M
NOI $62,253 @ 7.0% cap · market cap 3.24%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.40M
$1.22M – $1.63M
NOI $97,840 @ 7.0% cap · market cap 5.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,241
Businesses Nearby
Explore this area
Business Placement
Demographics for 89113, NV
35,829
Population
16,151
Households
2.2
Avg Household Size
38
Median Age
39%
College-Educated
90%
High-School Grad
10.8 sq mi
ZIP Area
3,318
Density / Sq Mi
$88,750
Median Household Income
$48,342
Median Earnings
$1,759
Median Rent
$463,900
Median Home Value
Market
Vacancy Rate% for Office in Las Vegas, NV
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Turnkey office layout totaling 4,045 SF within Durango Trails Professional Complex, with ample on-site parking.
Where is this office building located?
The property is located at 5125 S Durango Drive Las Vegas, NV.
What is the asking price?
The asking price for this property is $1,920,000.
What are key features of this property?
This property features: 4,045 SF office space with a functional, turnkey office layout; Located in the Durango Trails Office Park / Durango Trails Professional Complex; Zoned for Commercial Professional (C‑P)
