Office Building with Mixed-Use
For Sale
Contact for pricing
2753 S Highland Dr, Las Vegas, NV 89109
Rehab or tear-down office property offered for sale with mixed-use zoning and easy access.
Property Size88,486 SF
Price / SF$214.72
Days on Market229
Property Features for 2753 S Highland Dr
General Information
Standard status
Active
Size
88,486 SF
Property subtype
OFFICE
Site & Location
Neighborhood
Rancho Sereno
Listing Agency:
SVN | The Equity Group
(702) 369-4300
Listed By:
Al Barbagallo · License ##BS.20613
(702) 502-1592
Source:
Moodyscre
Added: Mar 17
Changed: Oct 25
Last Checked: Oct 30 at 4:43PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This office building is being offered for sale as a rehab or tear-down opportunity. The property is associated with mixed-use zoning, making it a candidate for buyers looking for flexibility in how the site may be used.
It is located about one mile west of Las Vegas Blvd South, with easy access for day-to-day operations and site access.
Prospective buyers should plan for rehabilitation or redevelopment, based on the stated condition and the mixed-use zoning framework.
It is located about one mile west of Las Vegas Blvd South, with easy access for day-to-day operations and site access.
Prospective buyers should plan for rehabilitation or redevelopment, based on the stated condition and the mixed-use zoning framework.
Key Highlights
- Rehab or tear‑down office property for sale
- Mixed‑use zoning
- About 1 mile west of Las Vegas Blvd. South
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,361,800
Cap Rate
7.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$27,236,000
$27.2M
Cap Rate 7%
$19,454,286
$19.5M
Cap Rate 9%
$15,131,111
$15.1M
Market Conditions
NOI Build-Up for 88,486 SF
Gross rent
$2.12M $24.00/SF
− Vacancy
−$307.9K −$3.48/SF
EGI
$1.82M $20.52/SF
− OpEx
−$453.9K −$5.13/SF
NOI
$1.36M $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%
$27,236,000
Cap Rate 7%
$19,454,286
Cap Rate 9%
$15,131,111
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 authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,316
Businesses Nearby
Explore this area
Business Placement
Demographics for 89109, NV
7,728
Population
12,053
Households
0.6
Avg Household Size
47
Median Age
38%
College-Educated
92%
High-School Grad
4.1 sq mi
ZIP Area
1,885
Density / Sq Mi
$54,917
Median Household Income
$55,296
Median Earnings
$1,208
Median Rent
$494,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Las Vegas, NV
Frequently Asked Questions
What type of property is this?
Office building - Rehab or tear-down office property offered for sale with mixed-use zoning and easy access.
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: Rehab or tear‑down office property for sale; Mixed‑use zoning; About 1 mile west of Las Vegas Blvd. South
