Remodeled Medical Office
For Sale
Contact for pricing
2047 W Charleston Blvd Ste 100, Las Vegas, NV 89102
Year 3 of a 10-year lease; remodeled medical office suite with new HVAC installed in 2021.
Property Size7,980 SF
Price / SF$363.54
Days on Market92
Property Features for 2047 W Charleston Blvd Ste 100
General Information
Standard status
Active
Size
7,980 SF
Property subtype
Office
Zoning
P-C
Occupancy
100%
Lease Type
Modified Gross
Investment Type
Stabilized
Net Operating Income
$202,938
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1999
Year Renovated
2021
Tenancy
Single
Listing Agency:
JDS Real Estate Services, Inc.
Listed By:
Jennifer Stein · License #DB40618
(213) 446-5366
Source:
Crexi
Added: Jun 11
Changed: Sep 8
Last Checked: Sep 9 at 5:48AM
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 JDS Real Estate Services, Inc.
Investment Insights
Based on property information with market context.
Located at 2047 W Charleston Blvd, Ste 100, this remodeled medical office suite is currently in year 3 of a 10-year lease. The property has been updated with the installation of new HVAC units in 2021, and it is described as being in great condition with high-quality operations.
The location sits just west of Downtown Las Vegas and provides immediate access to major transportation corridors, including Interstate 15, U.S. Highway 95, and Charleston Boulevard. The surrounding area is anchored by numerous healthcare providers, specialty medical practices, and medical support services, supporting a healthcare-focused ecosystem for both patients and employees.
The location sits just west of Downtown Las Vegas and provides immediate access to major transportation corridors, including Interstate 15, U.S. Highway 95, and Charleston Boulevard. The surrounding area is anchored by numerous healthcare providers, specialty medical practices, and medical support services, supporting a healthcare-focused ecosystem for both patients and employees.
Key Highlights
- Year 3 of a 10‑year lease for a remodeled medical office suite
- New HVAC units installed in 2021
- Immediate access to major transportation corridors, including I‑15, U.S. Highway 95, and Charleston Boulevard
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
$122,812
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
4.23%
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%
$2,456,240
$2.5M
Cap Rate 7%
$1,754,457
$1.8M
Cap Rate 9%
$1,364,578
$1.4M
Market Conditions
NOI Build-Up for 7,980 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
$191.5K $24.00/SF
− Vacancy
−$27.8K −$3.48/SF
EGI
$163.7K $20.52/SF
− OpEx
−$40.9K −$5.13/SF
NOI
$122.8K $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 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%
$2,456,240
Cap Rate 7%
$1,754,457
Cap Rate 9%
$1,364,578
Alternative Uses
Best Use
Office B
$1.75M
$1.54M – $2.05M
NOI $122,812 @ 7.0% cap · market cap 4.23%
Second Best
Healthcare Medical
$1.51M
$1.32M – $1.76M
NOI $105,719 @ 7.0% cap · market cap 3.64%
Theoretical Best
Specialty Retail
$2.76M
$2.41M – $3.22M
NOI $193,020 @ 7.0% cap · market cap 6.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
3,457
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 89102, NV
36,035
Population
16,964
Households
2.1
Avg Household Size
36
Median Age
18%
College-Educated
75%
High-School Grad
5.3 sq mi
ZIP Area
6,799
Density / Sq Mi
$48,518
Median Household Income
$30,703
Median Earnings
$1,206
Median Rent
$363,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Las Vegas, NV
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Year 3 of a 10-year lease; remodeled medical office suite with new HVAC installed in 2021.
Where is this medical office space located?
The property is located at 2047 W Charleston Blvd Ste 100 Las Vegas, NV.
What is the asking price?
The asking price for this property is $2,901,036.
What are key features of this property?
This property features: Year 3 of a 10‑year lease for a remodeled medical office suite; New HVAC units installed in 2021; Immediate access to major transportation corridors, including I‑15, U.S. Highway 95, and Charleston Boulevard
