Two-Tenant Office
For Sale
Contact for pricing
2535 W Craig Rd, North Las Vegas, NV 89032
Currently occupied by a church and a tax-preparation office.
Property Size7,998 SF
Lot Size0.83 Acres
Price / SF$237.56
Days on Market455
Property Features for 2535 W Craig Rd
General Information
Standard status
Active
Size
7,998 SF
Lot size
0.83 Acres
Property subtype
Office, Special Purpose
Occupancy
100%
Lease Type
Net
Investment Type
Net Lease
Net Operating Income
$120,000
Additional Details
Office Units
1
Building Details
Year Built
2006
Buildings
1
Stories
1
Tenancy
Multi
Building Size
7,998 SF
Construction
frame/stucco
Listing Agency:
Sin City Realty LLC
Listed By:
Anna McDonough · License #B.047393
Source:
Crexi
Added: Jul 17, 2025
Changed: Oct 3
Last Checked: Oct 12 at 8:18PM
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 Sin City Realty LLC
Investment Insights
Based on property information with market context.
The office building at 2535 W Craig Rd in North Las Vegas contains 7,998 square feet on a 0.830-acre parcel. The property is occupied by two tenants, including a church and an office used by a tax preparer, with no reported vacancy.
County use classifications include Gen Comm, Retail, Stores & Shop, and Retail Trade. The building is situated in Craig Plaza along W Craig Rd, providing a commercial setting for its existing occupants.
County use classifications include Gen Comm, Retail, Stores & Shop, and Retail Trade. The building is situated in Craig Plaza along W Craig Rd, providing a commercial setting for its existing occupants.
Key Highlights
- 7,998‑square‑foot office building on a 0.830‑acre lot
- Two occupied tenant spaces with no reported vacancies
- Existing occupants include a church and a tax‑preparation office
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$110,780
Cap Rate
5.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,215,600
$2.2M
Cap Rate 7%
$1,582,571
$1.6M
Cap Rate 9%
$1,230,889
$1.2M
Market Conditions
NOI Build-Up for 7,998 SF
Gross rent
$172.8K $21.60/SF
− Vacancy
−$25.0K −$3.13/SF
EGI
$147.7K $18.47/SF
− OpEx
−$36.9K −$4.62/SF
NOI
$110.8K $13.85/SF
Area
North Las Vegas, NV
Vacancy
14.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,215,600
Cap Rate 7%
$1,582,571
Cap Rate 9%
$1,230,889
Alternative Uses
Best Use
Office B
$1.58M
$1.38M – $1.85M
NOI $110,780 @ 7.0% cap · market cap 5.83%
Second Best
Retail
$1.38M
$1.20M – $1.61M
NOI $96,341 @ 7.0% cap · market cap 5.07%
Theoretical Best
Office A
$2.16M
$1.89M – $2.53M
NOI $151,508 @ 7.0% cap · market cap 7.97%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Office units
Location Intelligence
Trade Area within ½ mile
649
Businesses Nearby
Explore this area
Business Placement
Demographics for 89032, NV
47,324
Population
16,514
Households
2.9
Avg Household Size
36
Median Age
16%
College-Educated
82%
High-School Grad
10.0 sq mi
ZIP Area
4,732
Density / Sq Mi
$74,661
Median Household Income
$40,155
Median Earnings
$1,646
Median Rent
$346,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Office building - Currently occupied by a church and a tax-preparation office.
Where is this office building located?
The property is located at 2535 W Craig Rd North Las Vegas, NV.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: 7,998‑square‑foot office building on a 0.830‑acre lot; Two occupied tenant spaces with no reported vacancies; Existing occupants include a church and a tax‑preparation office
