Single-Story Office Condo
For Sale
$325,080
295 East Warm Springs Road, Las Vegas, NV 89119
Two single-story office buildings offer flexible condo units with prominent Warm Springs Road frontage.
Property Size1,032 SF
Days on Market240
Property Features for 295 East Warm Springs Road
General Information
Standard status
Active
Size
1,032 SF
Class
B
Property subtype
Office
Building Details
Building Size
1,032 SF
Year Built
2002
Listing Agency:
MDL Group
Listed By:
Michael Greene, CCIM · License #NV #S.0186326
(917) 414-9558
Source:
Corfac
Added: Feb 26
Changed: Oct 23
Last Checked: Oct 23 at 4:54AM
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 MDL Group
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Investment Insights
Based on property information with market context.
Bermuda Springs Corporate Plaza presents two single-story office buildings totaling 21,892 SF on 2.16 acres. The property includes well-maintained condo units ranging from 1,032 SF to 11,288 SF, with configurations that can be subdivided to support smaller office acquisitions. Built in 2002 and refurbished in 2025, the campus is zoned Commercial Professional (C-P) and is offered both as individual condo units and as a combined purchase.
The buildings benefit from strong access and prominent frontage along Warm Springs Road. The property is described as being within a short driving distance to Las Vegas Boulevard and the I-15 / I-215 interchange.
On-site parking totals 119 surface stalls, with covered parking available.
The buildings benefit from strong access and prominent frontage along Warm Springs Road. The property is described as being within a short driving distance to Las Vegas Boulevard and the I-15 / I-215 interchange.
On-site parking totals 119 surface stalls, with covered parking available.
Key Highlights
- Two single‑story office buildings totaling 21,892 SF on 2.16 acres, built in 2002
- Office condo units range from 1,032 SF to 11,288 SF (Building 285: 10,604 SF/6 units; Building 295: 11,288 SF/5 units)
- Units are configured as condos and can be easily subdivided/demised for smaller acquisitions
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,882
Cap Rate
4.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$317,640
$317.6K
Cap Rate 7%
$226,886
$226.9K
Cap Rate 9%
$176,467
$176.5K
Market Conditions
NOI Build-Up for 1,032 SF
Gross rent
$24.8K $24.00/SF
− Vacancy
−$3.6K −$3.48/SF
EGI
$21.2K $20.52/SF
− OpEx
−$5.3K −$5.13/SF
NOI
$15.9K $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%
$317,640
Cap Rate 7%
$226,886
Cap Rate 9%
$176,467
Alternative Uses
Best Use
Office B
$226.9K
$198.5K – $264.7K
NOI $15,882 @ 7.0% cap · market cap 4.89%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$356.6K
$312.0K – $416.0K
NOI $24,962 @ 7.0% cap · market cap 7.68%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,282
Businesses Nearby
Explore this area
Business Placement
Demographics for 89119, NV
48,895
Population
24,756
Households
2
Avg Household Size
36
Median Age
20%
College-Educated
84%
High-School Grad
12.9 sq mi
ZIP Area
3,790
Density / Sq Mi
$46,472
Median Household Income
$32,590
Median Earnings
$1,184
Median Rent
$301,000
Median Home Value
Market
Vacancy Rate% for Office in Las Vegas, NV
Frequently Asked Questions
What type of property is this?
Office building - Two single-story office buildings offer flexible condo units with prominent Warm Springs Road frontage.
Where is this office building located?
The property is located at 295 East Warm Springs Road Las Vegas, NV.
What is the asking price?
The asking price for this property is $325,080.
What are key features of this property?
This property features: Two single‑story office buildings totaling 21,892 SF on 2.16 acres, built in 2002; Office condo units range from 1,032 SF to 11,288 SF (Building 285: 10,604 SF/6 units; Building 295: 11,288 SF/5 units); Units are configured as condos and can be easily subdivided/demised for smaller acquisitions
