Medical Office Investment
2601 N Tenaya Wy, Las Vegas, NV 89128
For Sale
Contact for pricing
Standalone medical office building in Northwest Medical District for sale.
Property Size8,800 SF
Lot Size1.08 Acres
Price / SF$369.32
Days on Market295
Property Features for 2601 N Tenaya Wy
General Information
Standard status
Size
Class
Lot size
Property subtype
Zoning
Occupancy
Site & Location
Neighborhood
Building Details
Year Built
Buildings
Stories
Listing Agency:
IS Luxury
Listed By:
Chip Madsen · License NV S.0073912
(702) 420-3332
Source:
Crexi
Added: Jan 21
Changed: Nov 4
Last Checked: Nov 10 at 6:06AM
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 IS Luxury
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Investment Insights
Based on property information with market context.
This standalone wet medical office building presents an investment opportunity in the Northwest Medical District. The single-story building encompasses approximately 8,800 square feet on a 1.08-acre lot. Currently occupied by a national credit tenant, the property offers immediate stability. The building is in excellent condition and features a functional layout that includes a reception area, 13 private offices/rooms, and three restrooms, along with dedicated kitchen and dining areas. Positioned along North Tenaya Way, the property benefits from strong frontage, signage, and substantial daytime traffic. There are 53 parking spaces available, including covered parking, resulting in a parking ratio of 5.68:1,000. The location is near MountainView Hospital, major retailers, and Interstate 95. A nearby public park with walking paths, seating, and mature shade trees enhances the surrounding environment.
Key Highlights
- Standalone wet medical office building in the Northwest Medical District.
- Currently occupied by a national credit tenant, providing immediate income.
- Excellent condition with a well‑designed layout including 13 private offices/rooms.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$135,432
Cap Rate
4.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,708,640
$2.7M
Cap Rate 7%
$1,934,743
$1.9M
Cap Rate 9%
$1,504,800
$1.5M
Market Conditions
NOI Build-Up for 8,800 SF
Gross rent
$211.2K $24.00/SF
− Vacancy
−$30.6K −$3.48/SF
EGI
$180.6K $20.52/SF
− OpEx
−$45.1K −$5.13/SF
NOI
$135.4K $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%
$2,708,640
Cap Rate 7%
$1,934,743
Cap Rate 9%
$1,504,800
Alternative Uses
Best Use
Office B
$1.93M
$1.69M – $2.26M
NOI $135,432 @ 7.0% cap · market cap 4.17%
Second Best
Healthcare Medical
$1.67M
$1.46M – $1.94M
NOI $116,582 @ 7.0% cap · market cap 3.59%
Theoretical Best
Specialty Retail
$3.04M
$2.66M – $3.55M
NOI $212,854 @ 7.0% cap · market cap 6.55%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Current Use
Location Intelligence
Trade Area within ½ mile
2,412
Businesses Nearby
Under-served
Demand for This Use
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
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Market
Properties on Market for Medical Office Space in Las Vegas
Vacancy Rate% for Office in Las Vegas, NV
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Standalone medical office building in Northwest Medical District for sale.
Where is this medical office space located?
The property is located at 2601 N Tenaya Wy Las Vegas, NV.
What is the asking price?
The asking price for this property is $3,250,000.
What are key features of this property?
This property features: Standalone wet medical office building in the Northwest Medical District.; Currently occupied by a national credit tenant, providing immediate income.; Excellent condition with a well‑designed layout including **13 private offices/rooms**.
