Vacant Office Building Redevelopment
2753 S Highland Dr Las Vegas, NV 89109
New
For Sale
$19,000,000
2-story office building on 5.38 acres with 1962 construction and 800 feet of Highland Dr. frontage.
Property Size88,486 SF
Lot Size5.38 Acres
Price / SF$214.72
Days on Market4
Property Features for 2753 S Highland Dr
General Information
- Standard status
- Active
- Size
- 88,486 SF
- Lot size
- 5.38 Acres
- Property subtype
- VacantLand
Building Details
- Year Built
- 1962
Listing Agency:
SVN | The Equity Group
Listed By:
Al Barbagallo · License #BS.0020613
Source:
Commercialcafe
Added: Jul 20
Changed: Jul 22
Last Checked: Jul 23 at 6:01AM
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 SVN | The Equity Group
Investment Insights
Based on property information with market context.
The property includes an office building originally built in 1962, totaling 88,486 square feet. The structure is a two-story block exterior with concrete slabs and is currently 100% vacant, requiring rehab or potential tear down.
The site is described as being about one-half mile from the I-15 & Sahara off ramps and approximately one mile west of Las Vegas Blvd. South, with access to the surrounding freeway and major corridor. It also has frontage on Highland Dr. and Presidio Ave.
Based on the current zoning plan, the property is shown as “Entertainment Mixed Use,” with listed uses including office, retail, high-rise apartments or condos, H-1 hotel, and industrial.
The site is described as being about one-half mile from the I-15 & Sahara off ramps and approximately one mile west of Las Vegas Blvd. South, with access to the surrounding freeway and major corridor. It also has frontage on Highland Dr. and Presidio Ave.
Based on the current zoning plan, the property is shown as “Entertainment Mixed Use,” with listed uses including office, retail, high-rise apartments or condos, H-1 hotel, and industrial.
Key Highlights
- 5.38‑acre site with an office building totaling 88,486 SF (2 stories) built in 1962
- 800 ft of frontage on Highland Dr. and 305 ft frontage on Presidio Ave.
- Exterior features include block construction with concrete slabs
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $2.12M | $24.00 |
| − Vacancy | −$307.9k | −$3.48 |
| EGI | $1.82M | $20.52 |
| − OpEx | −$453.9k | −$5.13 |
| NOI | $1.36M | $15.39 |
88,486 SF · lease $24.00/SF/yr · vacancy 14.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$19.45M
$17.02M – $22.70M
NOI $1,361,800 @ 7.0% cap · market cap 7.17%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$30.58M
$26.75M – $35.67M
NOI $2,140,295 @ 7.0% cap · market cap 11.26%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Blitz Media Inc
Publishing House
FAQs
What type of property is this?
Office building - 2-story office building on 5.38 acres with 1962 construction and 800 feet of Highland Dr. frontage.
Where is this office building located?
The property is located at 2753 S Highland Dr Las Vegas, NV.
What is the asking price?
The asking price for this property is $19,000,000.
What are key features of this property?
This property features: 5.38‑acre site with an office building totaling 88,486 SF (2 stories) built in 1962; 800 ft of frontage on Highland Dr. and 305 ft frontage on Presidio Ave.; Exterior features include block construction with concrete slabs
