Freestanding Medical Office
For Sale
Contact for pricing
2565 E Flamingo Rd, Las Vegas, NV 89121
Existing medical buildout with reception, procedure rooms, support areas, covered parking, and emergency generator infrastructure.
Property Size18,384 SF
Lot Size2.37 Acres
Days on Market47
Property Features for 2565 E Flamingo Rd
General Information
Standard status
Active
Size
18,384 SF
Total Parking Spaces
140
Lot size
2.37 Acres
Property subtype
Office
Zoning
CG
Additional Details
Road Access
Yes
Amenities
covered parking
emergency generator infrastructure
Building Details
Building Size
18,384 SF
Buildings
1
Stories
1
Listed By:
Margaret Hand
(702) 460-4419
Source:
Lpc
Added: Sep 5
Changed: Oct 1
Last Checked: Oct 20 at 5:20PM
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 Margaret Hand
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Investment Insights
Based on property information with market context.
This freestanding medical office facility contains 18,384 SF on 2.37 acres and is configured for healthcare operations. The existing buildout includes reception and waiting areas, procedure rooms, and supporting spaces. Approximately 140 parking spaces are provided, including covered parking, and emergency generator infrastructure is installed on site.
The property fronts E. Flamingo Road in Las Vegas, with access to an established healthcare and commercial corridor. It is near Sunrise Hospital, UNLV, Harry Reid International Airport, the Las Vegas Resort Corridor, and surrounding retail and employment centers. CG (Commercial General) zoning allows a range of commercial and medical uses.
The property fronts E. Flamingo Road in Las Vegas, with access to an established healthcare and commercial corridor. It is near Sunrise Hospital, UNLV, Harry Reid International Airport, the Las Vegas Resort Corridor, and surrounding retail and employment centers. CG (Commercial General) zoning allows a range of commercial and medical uses.
Key Highlights
- 18,384 SF freestanding medical facility on 2.37 acres
- Existing buildout includes reception, waiting areas, procedure rooms, and support spaces
- Approximately 140 parking spaces, including covered parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$257,367
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,147,340
$5.1M
Cap Rate 7%
$3,676,671
$3.7M
Cap Rate 9%
$2,859,633
$2.9M
Market Conditions
NOI Build-Up for 18,384 SF
Gross rent
$403.7K $21.96/SF
− Vacancy
−$60.6K −$3.29/SF
EGI
$343.2K $18.67/SF
− OpEx
−$85.8K −$4.67/SF
NOI
$257.4K $14.00/SF
Area
ZIP 89121
Vacancy
15.00%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,147,340
Cap Rate 7%
$3,676,671
Cap Rate 9%
$2,859,633
Alternative Uses
Best Use
Healthcare Medical
$3.83M
$3.35M – $4.47M
NOI $267,906 @ 7.0% cap · market cap 26,790,600.00%
Second Best
Office B
$3.68M
$3.22M – $4.29M
NOI $257,367 @ 7.0% cap · market cap 25,736,700.00%
Theoretical Best
Office A
$4.77M
$4.17M – $5.57M
NOI $333,955 @ 7.0% cap · market cap 33,395,500.00%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,889
Businesses Nearby
Under-served
Demand for This Use
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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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Market
Vacancy Rate% for Office in Las Vegas, NV
Similar Off Market Nearby
- Zaccagnino Diane DVM — 2675 E Flamingo Rd # 1, Las Vegas, NV 89121
- Flamingo Pet Clinic — 2675 E Flamingo Rd # 1, Las Vegas, NV 89121
Frequently Asked Questions
What type of property is this?
Medical Office Space - Existing medical buildout with reception, procedure rooms, support areas, covered parking, and emergency generator infrastructure.
Where is this medical office space located?
The property is located at 2565 E Flamingo Rd Las Vegas, NV.
What are key features of this property?
This property features: 18,384 SF freestanding medical facility on 2.37 acres; Existing buildout includes reception, waiting areas, procedure rooms, and support spaces; Approximately 140 parking spaces, including covered parking
