2465 E TWAIN AVE, Las Vegas, NV 89121

Building Details

Year Built 1997 More

Stories 2 More

Listing Agency: Cushman & Wakefield - Las Vegas, Nevada

Listed By: Marlene Fujita · License NV S.0054013 Show Phone

Source: Crexi

Added: Oct 20 Changed: Nov 8 Last Checked: Nov 8 at 3:47PM

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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 Cushman & Wakefield - Las Vegas, Nevada

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Investment Insights

Based on property information with market context.

This two-story rehabilitation facility in Las Vegas spans approximately ±70,789 square feet on ±4.97 acres. Built in 1997, the property has 148 beds and 101 rooms and currently serves as a behavioral health and addiction treatment center. Its campus configuration supports a substantial institutional healthcare operation, with potential applications including senior care, assisted living, rehabilitation, and specialty medical services.

The property is located near Eastern Avenue, Desert Inn Road, and Harry Reid International Airport. Retail amenities, medical services, transportation corridors, and workforce housing are present in the surrounding area. Ownership plans to deliver the property vacant at closing unless otherwise negotiated.

Key Highlights

• Approximately ±70,789 square feet on ±4.97 acres
• 148 beds and 101 rooms
• Two‑story facility constructed in 1997

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$1,031,594

Cap Rate

4.16%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$20,631,880 $20.6M

Cap Rate 7%

$14,737,057 $14.7M

Cap Rate 9%

$11,462,156 $11.5M

Is this asking price fair?

Market Conditions

NOI Build-Up for 70,789 SF

Gross rent

$1.87M $26.40/SF

− Vacancy

−$149.5K −$2.11/SF

EGI

$1.72M $24.29/SF

− OpEx

−$687.7K −$9.72/SF

NOI

$1.03M $14.57/SF

Area

ZIP 89121

Vacancy

8.00%

Lease Rate

$26.40 /SF/Yr

Expense Ratio

40.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$20,631,880

Cap Rate 7%

$14,737,057

Cap Rate 9%

$11,462,156

Alternative Uses

Best Use

Healthcare Medical

$14.74M

$12.89M – $17.19M (±1% cap)

NOI $1,031,594 @ 7.0% cap · market cap 4.16%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$18.37M

$16.07M – $21.43M (±1% cap)

NOI $1,285,918 @ 7.0% cap · market cap 5.19%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

WILLIAM CORNELIUS BAUER Physician Albert Ofori Physician ALBERT KWAKU OFORI Physician SURESH G BHUSHAN Physician Dr. Leslie Howell Physician

Suggested Use

Top Pick Building Supply HVAC Service Electrical Service Kitchen & Bath Showroom Bakery Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,855

Businesses Nearby

Explore this area Business Placement

Demographics for 89121, NV

68,692

Population

29,012

Households

2.4

Avg Household Size

39

Median Age

16%

College-Educated

78%

High-School Grad

9.2 sq mi

ZIP Area

7,467

Density / Sq Mi

$54,667

Median Household Income

$32,776

Median Earnings

$1,306

Median Rent

$288,400

Median Home Value

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Frequently Asked Questions

What type of property is this?

Rehabilitation center - The two-story campus currently operates as a behavioral health and addiction treatment facility.

Where is this rehabilitation center located?

The property is located at 2465 E TWAIN AVE Las Vegas, NV.

What is the asking price?

The asking price for this property is $24,780,000.

What are key features of this property?

This property features: Approximately ±70,789 square feet on ±4.97 acres; 148 beds and 101 rooms; Two‑story facility constructed in 1997