Reconfigurable Office
For Sale
Contact for pricing
2500 N Buffalo Drive Suite 120, Las Vegas, NV 89128
Professional suite supports medical, wellness, legal, financial, and general office uses within the Las Vegas NW Medical District.
Property Size10,335 SF
Price / SF$325
Days on Market204
Property Features for 2500 N Buffalo Drive Suite 120
General Information
Standard status
Active
Size
10,335 SF
Property subtype
Office
Additional Details
Highway Access
Yes
Listing Agency:
Millennium Commercial Properties LLC
Listed By:
jeff chain · License #B26141
Source:
Crexi
Added: Mar 30
Changed: Oct 11
Last Checked: Oct 19 at 4:42AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Suite 120 provides approximately 10,335 SF of professional office space in the Las Vegas NW Medical District. The interior offers a functional office configuration, with the ability to combine or reconfigure suites for larger occupancy needs or specific layout requirements. The space can accommodate medical, wellness, legal, financial services, and general office users.
Access to Summerlin Parkway, US-95, and the 215 Beltway connects the property with destinations throughout the Las Vegas Valley. The surrounding setting includes residential neighborhoods, retail centers, and medical and professional office users. Building features include professionally maintained common areas and parking serving employees and visitors.
Access to Summerlin Parkway, US-95, and the 215 Beltway connects the property with destinations throughout the Las Vegas Valley. The surrounding setting includes residential neighborhoods, retail centers, and medical and professional office users. Building features include professionally maintained common areas and parking serving employees and visitors.
Key Highlights
- Approximately 10,335 SF of professional office space
- Suites may be combined or reconfigured for larger users or customized layouts
- Located within the Las Vegas NW Medical District
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$159,056
Cap Rate
4.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,181,120
$3.2M
Cap Rate 7%
$2,272,229
$2.3M
Cap Rate 9%
$1,767,289
$1.8M
Market Conditions
NOI Build-Up for 10,335 SF
Gross rent
$248.0K $24.00/SF
− Vacancy
−$36.0K −$3.48/SF
EGI
$212.1K $20.52/SF
− OpEx
−$53.0K −$5.13/SF
NOI
$159.1K $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 Rate 5%
$3,181,120
Cap Rate 7%
$2,272,229
Cap Rate 9%
$1,767,289
Alternative Uses
Best Use
Office B
$2.27M
$1.99M – $2.65M
NOI $159,056 @ 7.0% cap · market cap 4.74%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.57M
$3.12M – $4.17M
NOI $249,982 @ 7.0% cap · market cap 7.44%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,851
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
Frequently Asked Questions
What type of property is this?
Office unit - Professional suite supports medical, wellness, legal, financial, and general office uses within the Las Vegas NW Medical District.
Where is this office unit located?
The property is located at 2500 N Buffalo Drive Suite 120 Las Vegas, NV.
What is the asking price?
The asking price for this property is $3,358,875.
What are key features of this property?
This property features: Approximately 10,335 SF of professional office space; Suites may be combined or reconfigured for larger users or customized layouts; Located within the Las Vegas NW Medical District
