Professional-Zoned Mixed-Use
1505 South Eastern Avenue, Las Vegas, NV 89104
For Sale
Contact for pricing
The property carries Professional zoning and is located in Las Vegas.
Property Size1,418 SF
Price / SF$211.56
Days on Market101
Property Features for 1505 South Eastern Avenue
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Neighborhood
Public Transit
Building Details
Year Built
Stories
Listing Agency:
Wardley Real Estate
Listed By:
Tracy Winkelman · License NV #0174101
(949) 438-4908
Source:
Crexi
Added: Aug 6
Changed: Nov 4
Last Checked: Nov 12 at 4:14AM
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 Wardley Real Estate
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Investment Insights
Based on property information with market context.
Located at 1505 South Eastern Avenue in Las Vegas, Nevada, this mixed-use commercial property was constructed in 1953. The asset is designated Professional under the stated zoning classification, supporting its commercial positioning within an established Las Vegas corridor.
The property is situated near established businesses and major transit routes. Its Eastern Avenue location places it within a developed commercial setting with access and frontage identified among the property’s physical characteristics.
The property is situated near established businesses and major transit routes. Its Eastern Avenue location places it within a developed commercial setting with access and frontage identified among the property’s physical characteristics.
Key Highlights
- Mixed‑use commercial property at 1505 South Eastern Avenue, Las Vegas, NV 89104
- Professional zoning designation
- Year built: 1953
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,823
Cap Rate
7.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$436,460
$436.5K
Cap Rate 7%
$311,757
$311.8K
Cap Rate 9%
$242,478
$242.5K
Market Conditions
NOI Build-Up for 1,418 SF
Gross rent
$34.0K $24.00/SF
− Vacancy
−$4.9K −$3.48/SF
EGI
$29.1K $20.52/SF
− OpEx
−$7.3K −$5.13/SF
NOI
$21.8K $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%
$436,460
Cap Rate 7%
$311,757
Cap Rate 9%
$242,478
Alternative Uses
Best Use
Retail
$457.3K
$400.2K – $533.5K
NOI $32,012 @ 7.0% cap · market cap 10.67%
Second Best
Office B
$311.8K
$272.8K – $363.7K
NOI $21,823 @ 7.0% cap · market cap 7.27%
Theoretical Best
Specialty Retail
$490.0K
$428.7K – $571.7K
NOI $34,299 @ 7.0% cap · market cap 11.43%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,865
Businesses Nearby
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Business Placement
Demographics for 89104, NV
41,662
Population
16,704
Households
2.5
Avg Household Size
38
Median Age
15%
College-Educated
72%
High-School Grad
5.7 sq mi
ZIP Area
7,309
Density / Sq Mi
$50,945
Median Household Income
$34,278
Median Earnings
$1,138
Median Rent
$298,700
Median Home Value
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Market
Vacancy Rate% for Office in Las Vegas, NV
Frequently Asked Questions
What type of property is this?
Mixed-use property - The property carries Professional zoning and is located in Las Vegas.
Where is this mixed-use property located?
The property is located at 1505 South Eastern Avenue Las Vegas, NV.
What is the asking price?
The asking price for this property is $299,999.
What are key features of this property?
This property features: Mixed‑use commercial property at 1505 South Eastern Avenue, Las Vegas, NV 89104; Professional zoning designation; Year built: 1953
