311 E Warm Springs Rd Las Vegas, NV 89119
25,000 SF professional office building near Harry Reid Airport.
Property Features for 311 E Warm Springs Rd
General Information
- Standard status
- Active
- Size
- 25,000 SF
- Property subtype
- Office
Building Details
- Year Built
- 2007
Listing office MDL Group (702) 388-1800
Listing date Mar 29, 2023
Source Crexi
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
Investment Insights
Based on property information with market context.
Key Highlights
- Prime Location: Centrally located near Harry Reid International Airport, Town Square, and the Las Vegas Strip.
- Excellent Accessibility: Convenient access to the 215 Beltway and I‑15 Interstate.
- High‑Traffic Frontage: Located on heavily trafficked Warm Springs Road.
Local 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 | $600.0k | $24.00 |
| − Vacancy | −$87.0k | −$3.48 |
| EGI | $513.0k | $20.52 |
| − OpEx | −$128.3k | −$5.13 |
| NOI | $384.8k | $15.39 |
