Remodeled Medical Office
For Sale
Contact for pricing
2421 W Charleston Blvd, Las Vegas, NV 89102
Standalone healthcare facility with dedicated parking and a purpose-built clinical layout.
Property Size2,750 SF
Price / SF$354.55
Days on Market162
Property Features for 2421 W Charleston Blvd
General Information
Standard status
Active
Size
2,750 SF
Property subtype
Office
Building Details
Buildings
1
Listing Agency:
Copper Dental Transitions LLC
Listed By:
Kyle Womeldorff · License #B.1003300.LLC
Source:
Crexi
Added: Mar 25
Changed: Aug 30
Last Checked: Sep 2 at 4:13AM
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 Copper Dental Transitions LLC
Investment Insights
Based on property information with market context.
Located at 2421 W Charleston Blvd in Las Vegas, this standalone medical office property contains 2,750 square feet and has undergone a full remodel. The interior is configured for dental or other medical use, with five completed operatories and an additional operatory that is already plumbed. Updated finishes and a refreshed layout support immediate clinical occupancy without describing the space as shell condition or unfinished.
Dedicated parking serves the building, while the existing configuration provides a practical foundation for an owner-user. Dental equipment, the patient base, and goodwill are available through separate purchase arrangements, allowing the real estate to be acquired independently or alongside practice-related assets. The property is offered for sale as a medical office asset in Las Vegas.
Dedicated parking serves the building, while the existing configuration provides a practical foundation for an owner-user. Dental equipment, the patient base, and goodwill are available through separate purchase arrangements, allowing the real estate to be acquired independently or alongside practice-related assets. The property is offered for sale as a medical office asset in Las Vegas.
Key Highlights
- 2,750‑square‑foot standalone medical office building
- Fully remodeled interior with updated finishes
- Five built‑out operatories plus one additional plumbed operatory
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
$42,323
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
4.34%
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%
$846,460
$846.5K
Cap Rate 7%
$604,614
$604.6K
Cap Rate 9%
$470,256
$470.3K
Market Conditions
NOI Build-Up for 2,750 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
$66.0K $24.00/SF
− Vacancy
−$9.6K −$3.48/SF
EGI
$56.4K $20.52/SF
− OpEx
−$14.1K −$5.13/SF
NOI
$42.3K $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%
$846,460
Cap Rate 7%
$604,614
Cap Rate 9%
$470,256
Alternative Uses
Best Use
Office B
$604.6K
$529.0K – $705.4K
NOI $42,323 @ 7.0% cap · market cap 4.34%
Second Best
Healthcare Medical
$520.5K
$455.4K – $607.2K
NOI $36,432 @ 7.0% cap · market cap 3.74%
Theoretical Best
Specialty Retail
$950.2K
$831.5K – $1.11M
NOI $66,517 @ 7.0% cap · market cap 6.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,460
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
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 - Standalone healthcare facility with dedicated parking and a purpose-built clinical layout.
Where is this medical office space located?
The property is located at 2421 W Charleston Blvd Las Vegas, NV.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: 2,750‑square‑foot standalone medical office building; Fully remodeled interior with updated finishes; Five built‑out operatories plus one additional plumbed operatory
