Turnkey Office Building with
For Sale
Contact for pricing
2410 Fire Mesa St., Las Vegas, NV 89128
Fully built-out office building with immediate income potential.
Property Size9,007 SF
Price / SF$325
Days on Market159
Property Features for 2410 Fire Mesa St.
General Information
Standard status
Active
Size
9,007 SF
Property subtype
Office
Zoning
cp
Building Details
Buildings
1
Stories
1
Units
1
Listing Agency:
Millennium Commercial Properties LLC
Listed By:
jeff chain · License #B26141
Source:
Crexi
Added: Mar 20
Changed: Aug 12
Last Checked: Aug 24 at 3:33PM
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 Millennium Commercial Properties LLC
Investment Insights
Based on property information with market context.
This fully built-out, turnkey professional office building is strategically located at the intersection of Buffalo Drive and Smoke Ranch Road, less than one mile from Mountain View Hospital, within one of Northwest Las Vegas's established medical and professional office corridors. Currently operating as a REGUS managed executive suite facility, this fully furnished asset offers immediate income potential and operational readiness. The building features 32 private offices, two conference rooms, a large break room, a server room, and a rear warehouse/storage area. The property offers a combination of professional office infrastructure with supplemental storage. The parking ratio is 5:1, providing abundant surface parking. This offering is suited for medical groups, professional services firms, financial institutions, and investors seeking stabilized Northwest Las Vegas office product. The property has a size of 9007 square feet.
Key Highlights
- Fully built‑out, turnkey professional office building with immediate income potential.
- Strategically located near Mountain View Hospital in an established medical/professional office corridor.
- Currently operating as a REGUS managed executive suite facility.
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
$138,618
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
4.74%
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%
$2,772,360
$2.8M
Cap Rate 7%
$1,980,257
$2.0M
Cap Rate 9%
$1,540,200
$1.5M
Market Conditions
NOI Build-Up for 9,007 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
$216.2K $24.00/SF
− Vacancy
−$31.3K −$3.48/SF
EGI
$184.8K $20.52/SF
− OpEx
−$46.2K −$5.13/SF
NOI
$138.6K $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%
$2,772,360
Cap Rate 7%
$1,980,257
Cap Rate 9%
$1,540,200
Alternative Uses
Best Use
Office B
$1.98M
$1.73M – $2.31M
NOI $138,618 @ 7.0% cap · market cap 4.74%
Second Best
Warehouse
$928.2K
$812.1K – $1.08M
NOI $64,971 @ 7.0% cap · market cap 2.22%
Theoretical Best
Specialty Retail
$3.11M
$2.72M – $3.63M
NOI $217,861 @ 7.0% cap · market cap 7.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,479
Businesses Nearby
Explore this area
Business Placement
Demographics for 89128, NV
37,882
Population
16,840
Households
2.2
Avg Household Size
40
Median Age
31%
College-Educated
91%
High-School Grad
6.0 sq mi
ZIP Area
6,314
Density / Sq Mi
$70,641
Median Household Income
$41,581
Median Earnings
$1,621
Median Rent
$378,600
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 - Fully built-out office building with immediate income potential.
Where is this office building located?
The property is located at 2410 Fire Mesa St. Las Vegas, NV.
What is the asking price?
The asking price for this property is $2,927,275.
What are key features of this property?
This property features: Fully built‑out, turnkey professional office building with immediate income potential.; Strategically located near Mountain View Hospital in an established medical/professional office corridor.; Currently operating as a REGUS managed executive suite facility.
