Residential Income Property for
For Sale
$775,000
1705 Breckenwood Court, Las Vegas, NV 89115
Income-producing residential property with convenient walk and transit accessibility metrics.
Property Size3,920 SF
Days on Market60
Property Features for 1705 Breckenwood Court
General Information
Standard status
Active
Size
3,920 SF
Property subtype
Multi Family Home
Taxes and HOA fees
Annual Taxes
$1,389
Building Details
Building Size
3,920 SF
Year Built
1971
Buildings
1
Stories
2
Units
4
Listing Agency:
Executive Realty Services
(702) 902-9970
Listed By:
Zohra Dagar · License #S.0180716
(702) 902-9970
Source:
Landandmore
Added: Jun 27
Changed: Aug 24
Last Checked: Aug 24 at 1:50PM
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 Executive Realty Services
Investment Insights
Based on property information with market context.
This offering is categorized as an other residential income property, presented for sale as an income-oriented residential asset. The available information does not specify building count, unit mix, or interior improvements, so prospective buyers should plan to review the financials and property details directly with the listing broker.
The property is located at 1705 Breckenwood Ct in Las Vegas, Nevada. The surrounding mobility profile shows a Walk Score of 60 and Bike Score of 46, with a Transit Score of 43, indicating that daily errands may be achievable on foot to a moderate extent while transit options appear more limited. These scores can be useful context for tenant convenience and rental appeal.
For buyers or investors seeking a residential income property, the primary takeaway is the property’s income-focused classification and its general neighborhood walk/transit characteristics. Because no additional specifics are provided regarding current occupancy, leasing terms, or property condition, due diligence will be important to confirm the details that typically drive underwriting and investment decisions.
The property is located at 1705 Breckenwood Ct in Las Vegas, Nevada. The surrounding mobility profile shows a Walk Score of 60 and Bike Score of 46, with a Transit Score of 43, indicating that daily errands may be achievable on foot to a moderate extent while transit options appear more limited. These scores can be useful context for tenant convenience and rental appeal.
For buyers or investors seeking a residential income property, the primary takeaway is the property’s income-focused classification and its general neighborhood walk/transit characteristics. Because no additional specifics are provided regarding current occupancy, leasing terms, or property condition, due diligence will be important to confirm the details that typically drive underwriting and investment decisions.
Key Highlights
- Built in 1971
- walkScore: 60 (somewhat walkable)
- transitScore: 43 (some transit)
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
$38,916
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
5.02%
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%
$778,320
$778.3K
Cap Rate 7%
$555,943
$555.9K
Cap Rate 9%
$432,400
$432.4K
Market Conditions
NOI Build-Up for 3,920 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
$74.3K $18.96/SF
− Vacancy
−$3.6K −$0.91/SF
EGI
$70.8K $18.05/SF
− OpEx
−$31.8K −$8.12/SF
NOI
$38.9K $9.93/SF
Area
ZIP 89115
Vacancy
4.80%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
45.00%
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%
$778,320
Cap Rate 7%
$555,943
Cap Rate 9%
$432,400
Alternative Uses
Best Use
Apartment 5plus
$555.9K
$486.5K – $648.6K
NOI $38,916 @ 7.0% cap · market cap 5.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.17M
$1.03M – $1.37M
NOI $82,038 @ 7.0% cap · market cap 10.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
606
Businesses Nearby
Explore this area
Business Placement
Demographics for 89115, NV
67,043
Population
21,670
Households
3.1
Avg Household Size
29
Median Age
9%
College-Educated
70%
High-School Grad
24.9 sq mi
ZIP Area
2,692
Density / Sq Mi
$49,648
Median Household Income
$32,198
Median Earnings
$1,294
Median Rent
$258,900
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Income-producing residential property with convenient walk and transit accessibility metrics.
Where is this residential income property located?
The property is located at 1705 Breckenwood Court Las Vegas, NV.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: Built in 1971; walkScore: 60 (somewhat walkable); transitScore: 43 (some transit)
