Two-Primary-Bedroom Residential
2775 W Pebble Road #505, Las Vegas, NV 89123
For Sale
$450,000
The top-floor home pairs updated interior finishes with private outdoor space and access to community recreation.
Property Size1,966 SF
Price / SF$228.89
Days on Market72
Property Features for 2775 W Pebble Road #505
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Amenities
pool
fitness center
sauna
BBQ grill area
sky deck
balcony
gated community
Building Details
Year Built
Listing Agency:
Keller Williams Realty Las Veg
(702) 212-2222
Listed By:
Lance Sherman · License #S.0180967
(702) 353-9160
Source:
Barberrealty
Added: Aug 28
Changed: Nov 6
Last Checked: Nov 7 at 6:21AM
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 Keller Williams Realty Las Veg
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Investment Insights
Based on property information with market context.
Unit 505 is a 1,966-square-foot, top-floor residence at Loft 5, built in 2006. Its layout includes two primary bedrooms on one level, a modern kitchen with Wolf appliances, a Sub-Zero refrigerator, an oversized island and Poggenpohl cabinetry. A recently renovated bathroom has a walk-in shower with contemporary tile and pebble flooring. New flooring, 6-inch baseboards, high ceilings, a stacked washer and dryer, a private interior sky deck and a balcony round out the home.
The residence is within a guard-gated community in Las Vegas, with Allegiant Stadium, Town Square and the Las Vegas Strip described as nearby. Community amenities include four pools, a fitness center, sauna and BBQ area.
The residence is within a guard-gated community in Las Vegas, with Allegiant Stadium, Town Square and the Las Vegas Strip described as nearby. Community amenities include four pools, a fitness center, sauna and BBQ area.
Key Highlights
- 1,966‑square‑foot top‑floor residence at Loft 5, Unit 505
- Two primary bedrooms arranged on one level
- Wolf appliances, Sub‑Zero refrigerator, oversized island and Poggenpohl cabinetry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,911
Cap Rate
4.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$418,220
$418.2K
Cap Rate 7%
$298,729
$298.7K
Cap Rate 9%
$232,344
$232.3K
Market Conditions
NOI Build-Up for 1,966 SF
Gross rent
$40.1K $20.40/SF
− Vacancy
−$2.1K −$1.06/SF
EGI
$38.0K $19.34/SF
− OpEx
−$17.1K −$8.70/SF
NOI
$20.9K $10.64/SF
Area
Las Vegas, NV
Vacancy
5.20%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$418,220
Cap Rate 7%
$298,729
Cap Rate 9%
$232,344
Alternative Uses
Best Use
Apartment 5plus
$298.7K
$261.4K – $348.5K
NOI $20,911 @ 7.0% cap · market cap 4.65%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$679.3K
$594.4K – $792.6K
NOI $47,554 @ 7.0% cap · market cap 10.57%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
281
Businesses Nearby
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Business Placement
Demographics for 89123, NV
55,584
Population
25,246
Households
2.2
Avg Household Size
42
Median Age
32%
College-Educated
92%
High-School Grad
10.4 sq mi
ZIP Area
5,345
Density / Sq Mi
$80,992
Median Household Income
$46,838
Median Earnings
$1,641
Median Rent
$424,900
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Las Vegas, NV
Properties on Market for Residential income properties in Las Vegas
Frequently Asked Questions
What type of property is this?
Residential income property - The top-floor home pairs updated interior finishes with private outdoor space and access to community recreation.
Where is this residential income property located?
The property is located at 2775 W Pebble Road #505 Las Vegas, NV.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 1,966‑square‑foot top‑floor residence at Loft 5, Unit 505; Two primary bedrooms arranged on one level; Wolf appliances, Sub‑Zero refrigerator, oversized island and Poggenpohl cabinetry
