Elevator-Served Office
3591 E Bonanza Road, Las Vegas, NV 89110
For Sale
Contact for pricing
Two stories include private offices, a conference room with balcony, and parking in a secured lot.
Property Size20,154 SF
Price / SF$194.75
Days on Market28
Property Features for 3591 E Bonanza Road
General Information
Standard status
Size
Total Parking Spaces
Elevators
Property subtype
Site & Location
Neighborhood
Highway Access
Additional Details
Gross Income
Tenant in Place
Property Use
Building Details
Year Built
Buildings
Stories
Building Size
Tenancy
Listing Agency:
Avison Young - Las Vegas
Listed By:
James Griffis, SIOR · License NV S.0170947
(702) 715-0809
Source:
Crexi
Added: Oct 14
Changed: Nov 10
Last Checked: Nov 10 at 5:11AM
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 Avison Young - Las Vegas
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Investment Insights
Based on property information with market context.
Built in 2007, this two-story professional office building contains 20,154 square feet, including 9,040 square feet of second-floor space available for an owner-user. The layout includes private perimeter offices, a reception and lobby area, a large conference room with balcony, an IT/server room, and a break room with kitchen. An elevator serves the building, and the secured lot has 79 parking spaces. Existing tenant and billboard income are part of the property’s current configuration; the tenant’s term runs through September 30, 2027.
The building is directly across from the Eighth Judicial District Family Court. US-95 is approximately 1.0–1.5 miles away via Pecos Road and Lamb Boulevard. Downtown Las Vegas is approximately 3 miles east, and the Medical District/UMC Hospital is approximately 4 miles east.
The building is directly across from the Eighth Judicial District Family Court. US-95 is approximately 1.0–1.5 miles away via Pecos Road and Lamb Boulevard. Downtown Las Vegas is approximately 3 miles east, and the Medical District/UMC Hospital is approximately 4 miles east.
Key Highlights
- 20,154‑square‑foot, two‑story office building built in 2007
- 9,040 square feet of second‑floor space available for an owner‑user
- 79 parking spaces in a secured lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$348,941
Cap Rate
8.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,978,820
$7.0M
Cap Rate 7%
$4,984,871
$5.0M
Cap Rate 9%
$3,877,122
$3.9M
Market Conditions
NOI Build-Up for 20,154 SF
Gross rent
$544.2K $27.00/SF
− Vacancy
−$78.9K −$3.92/SF
EGI
$465.3K $23.09/SF
− OpEx
−$116.3K −$5.77/SF
NOI
$348.9K $17.31/SF
Area
ZIP 89110
Vacancy
14.50%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,978,820
Cap Rate 7%
$4,984,871
Cap Rate 9%
$3,877,122
Alternative Uses
Best Use
Office B
$4.98M
$4.36M – $5.82M
NOI $348,941 @ 7.0% cap · market cap 8.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.63M
$5.80M – $7.73M
NOI $463,961 @ 7.0% cap · market cap 11.82%
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
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
346
Businesses Nearby
Explore this area
Business Placement
Demographics for 89110, NV
73,954
Population
23,701
Households
3.1
Avg Household Size
32
Median Age
10%
College-Educated
68%
High-School Grad
9.6 sq mi
ZIP Area
7,704
Density / Sq Mi
$54,858
Median Household Income
$34,509
Median Earnings
$1,292
Median Rent
$304,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Office buildings in Las Vegas
Vacancy Rate% for Office in Las Vegas, NV
Frequently Asked Questions
What type of property is this?
Office building - Two stories include private offices, a conference room with balcony, and parking in a secured lot.
Where is this office building located?
The property is located at 3591 E Bonanza Road Las Vegas, NV.
What is the asking price?
The asking price for this property is $3,925,000.
What are key features of this property?
This property features: 20,154‑square‑foot, two‑story office building built in 2007; 9,040 square feet of second‑floor space available for an owner‑user; 79 parking spaces in a secured lot
