Building Details

Year Built 1998

Buildings 1

Building Size 5,750 SF

Tenancy Multi

Listing Agency: Coldwell Banker Commercial | Premier Realty Show Phone

Listed By: Lance Hamrick · License #S.71654 Show Phone

Source: Moodyscre

Added: Mar 24, 2025 Changed: Oct 25 Last Checked: Oct 30 at 5:49PM

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Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This four-unit office building totals 5,750 SF and was constructed in 1998. The property is currently 76% occupied and is configured as four office units, offering an investor or operator a multi-tenant setup within a single building.

Located at 5868 S Pecos Rd in Las Vegas, NV 89120, the building is zoned C-P County. Its office-unit design supports a range of office tenancy needs consistent with the property’s existing configuration.

With four units and an in-place occupancy of 76%, the building provides a straightforward platform for managing multiple office spaces under one ownership structure.

Key Highlights

• 4 office units within a 5,750 SF office building
• Built in 1998
• Currently 76% occupied

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$88,493

Cap Rate

7.38%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,769,860 $1.8M

Cap Rate 7%

$1,264,186 $1.3M

Cap Rate 9%

$983,256 $983.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 5,750 SF

Gross rent

$138.0K $24.00/SF

− Vacancy

−$20.0K −$3.48/SF

EGI

$118.0K $20.52/SF

− OpEx

−$29.5K −$5.13/SF

NOI

$88.5K $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 Rate 5%

$1,769,860

Cap Rate 7%

$1,264,186

Cap Rate 9%

$983,256

Alternative Uses

Best Use

Office B

$1.26M

$1.11M – $1.47M (±1% cap)

NOI $88,493 @ 7.0% cap · market cap 7.38%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$1.99M

$1.74M – $2.32M (±1% cap)

NOI $139,081 @ 7.0% cap · market cap 11.60%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Immigration Law Office ... Law Firm Second Chance Corporate Office Ameralinx Telecommunications Service Union Pacific Furniture & Home Goods Sayed Karim Raiyn Dental Office

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Parking Lot & Garage Restaurant Butcher Fish Market Barber Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4

Office units

76%

Occupancy

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

1,657

Businesses Nearby

Explore this area Business Placement

Demographics for 89120, NV

24,813

Population

9,861

Households

2.5

Avg Household Size

40

Median Age

26%

College-Educated

88%

High-School Grad

7.1 sq mi

ZIP Area

3,495

Density / Sq Mi

$75,813

Median Household Income

$38,774

Median Earnings

$1,467

Median Rent

$364,800

Median Home Value

Market

Vacancy Rate% for Office in Las Vegas, NV

13.3% 2019

13% 2020

11.7% 2021

13.3% 2022

13.8% 2023

14.1% 2024

13% 2025

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Frequently Asked Questions

What type of property is this?

Office unit - A four-unit office building with 5,750 SF, built in 1998, currently 76% occupied and zoned C-P County.

Where is this office unit located?

The property is located at 5868 S Pecos Rd Las Vegas, NV.

What is the asking price?

The asking price for this property is $1,199,000.

What are key features of this property?

This property features: 4 office units within a 5,750 SF office building; Built in 1998; Currently 76% occupied