Professional Office
For Sale
Contact for pricing
2500 N Buffalo Drive Suite 220, Las Vegas, NV 89128
Flexible commercial workspace supports medical, wellness, legal, financial, and general office functions.
Property Size11,996 SF
Price / SF$325
Days on Market204
Property Features for 2500 N Buffalo Drive Suite 220
General Information
Standard status
Active
Size
11,996 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 12
Last Checked: Oct 19 at 5:24AM
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 220 comprises approximately 11,996 square feet of professional office space within the Las Vegas NW Medical District. The existing configuration can support medical, wellness, legal, financial services, and general office uses, while suite layouts may be adjusted or combined for larger space requirements.
The property is positioned in the Northwest/Summerlin area with access to Summerlin Parkway, US-95, and the 215 Beltway. Nearby surroundings include residential communities, retail centers, and medical and professional office users. Building features include maintained shared common areas and parking for employees and visitors.
The property is positioned in the Northwest/Summerlin area with access to Summerlin Parkway, US-95, and the 215 Beltway. Nearby surroundings include residential communities, retail centers, and medical and professional office users. Building features include maintained shared common areas and parking for employees and visitors.
Key Highlights
- Approximately 11,996 SF of professional office space
- Located within the Las Vegas NW Medical District
- Suites may be combined or reconfigured for larger users
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$184,618
Cap Rate
4.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,692,360
$3.7M
Cap Rate 7%
$2,637,400
$2.6M
Cap Rate 9%
$2,051,311
$2.1M
Market Conditions
NOI Build-Up for 11,996 SF
Gross rent
$287.9K $24.00/SF
− Vacancy
−$41.7K −$3.48/SF
EGI
$246.2K $20.52/SF
− OpEx
−$61.5K −$5.13/SF
NOI
$184.6K $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 Rate 5%
$3,692,360
Cap Rate 7%
$2,637,400
Cap Rate 9%
$2,051,311
Alternative Uses
Best Use
Office B
$2.64M
$2.31M – $3.08M
NOI $184,618 @ 7.0% cap · market cap 4.74%
Second Best
Healthcare Medical
$2.27M
$1.99M – $2.65M
NOI $158,923 @ 7.0% cap · market cap 4.08%
Theoretical Best
Specialty Retail
$4.15M
$3.63M – $4.84M
NOI $290,159 @ 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 - Flexible commercial workspace supports medical, wellness, legal, financial, and general office functions.
Where is this office unit located?
The property is located at 2500 N Buffalo Drive Suite 220 Las Vegas, NV.
What is the asking price?
The asking price for this property is $3,898,700.
What are key features of this property?
This property features: Approximately 11,996 SF of professional office space; Located within the Las Vegas NW Medical District; Suites may be combined or reconfigured for larger users
