Office
For Sale
Contact for pricing
3037 E Warm Springs Rd, Las Vegas, NV 89120
Office space offered for sale in Las Vegas.
Property Size3,062 SF
Price / SF$270
Days on Market15
Property Features for 3037 E Warm Springs Rd
General Information
Standard status
Active
Size
3,062 SF
Class
B
Property subtype
Office
Building Details
Buildings
1
Listing Agency:
LOGIC Commercial Real Estate
(702) 538-6802
Listed By:
Gil Villegas · License #0182234
Source:
Crexi
Added: Jul 29
Changed: Aug 10
Last Checked: Aug 11 at 6:14PM
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 LOGIC Commercial Real Estate
Investment Insights
Based on property information with market context.
This office unit comprises approximately 3,062 square feet and is identified as Suite 300. The property is offered for sale at 3037 E Warm Springs Rd, Las Vegas, NV 89120.
The stated area is approximate and not warranted, so the buyer or tenant should independently verify the measurement.
The stated area is approximate and not warranted, so the buyer or tenant should independently verify the measurement.
Key Highlights
- Approximately 3,062 square feet of office space
- Suite 300 at 3037 E Warm Springs Rd, Las Vegas, NV 89120
- Offered for sale
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$69,126
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.36%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,382,520
$1.4M
Cap Rate 7%
$987,514
$987.5K
Cap Rate 9%
$768,067
$768.1K
Market Conditions
NOI Build-Up for 3,062 SF
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.
Gross rent
$104.7K $34.20/SF
− Vacancy
−$6.0K −$1.95/SF
EGI
$98.8K $32.25/SF
− OpEx
−$29.6K −$9.68/SF
NOI
$69.1K $22.58/SF
Area
Las Vegas, NV
Vacancy
5.70%
Lease Rate
$34.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,382,520
Cap Rate 7%
$987,514
Cap Rate 9%
$768,067
Alternative Uses
Best Use
Retail
$987.5K
$864.1K – $1.15M
NOI $69,126 @ 7.0% cap · market cap 8.36%
Second Best
Office B
$673.2K
$589.1K – $785.4K
NOI $47,124 @ 7.0% cap · market cap 5.70%
Theoretical Best
Specialty Retail
$1.06M
$925.8K – $1.23M
NOI $74,064 @ 7.0% cap · market cap 8.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
890
Businesses Nearby
Explore this area
Business Placement
Demographics for 89120, NV
24,813
Population
9,861
Households
2.5
Avg Household Size
40
Median Age
26%
College-Educated
88%
High-School Grad
7.1 sq mi
ZIP Area
3,495
Density / Sq Mi
$75,813
Median Household Income
$38,774
Median Earnings
$1,467
Median Rent
$364,800
Median Home Value
Market
Vacancy Rate% for Office in Las Vegas, NV
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Office space offered for sale in Las Vegas.
Where is this office units located?
The property is located at 3037 E Warm Springs Rd Las Vegas, NV.
What is the asking price?
The asking price for this property is $826,740.
What are key features of this property?
This property features: Approximately 3,062 square feet of office space; Suite 300 at 3037 E Warm Springs Rd, Las Vegas, NV 89120; Offered for sale
