Professional Office/Medical Suite
For Sale
Contact for pricing
3650 S Eastern Ave #150, Las Vegas, NV 89169
Professional office/medical suite for sale in central Las Vegas.
Property Size2,950 SF
Price / SF$303.39
Days on Market152
Property Features for 3650 S Eastern Ave #150
General Information
Standard status
Active
Size
2,950 SF
Total Parking Spaces
10
Property subtype
Hospitality, Office, Senior Living
Zoning
C-P
Lease Type
NNN
Investment Type
Owner/User
Net Operating Income
$48,000
Building Details
Year Built
1984
Year Renovated
2022
Buildings
1
Stories
1
Units
1
Tenancy
Single
Listing Agency:
International Realty LV
(702) 248-1818
Listed By:
Lawrence Strychalski · License #NV B.1003087
Source:
Crexi
Added: Mar 13
Changed: Aug 8
Last Checked: Aug 8 at 10:57AM
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 International Realty LV
Investment Insights
Based on property information with market context.
A professional office and medical suite is available for purchase. Located at 3650 S Eastern Ave #150 in Las Vegas, Nevada, the property is zoned CP (Commercial Professional). This zoning permits a range of uses, including medical, wellness, therapy, and general professional offices. The suite has a size of 2950 square feet. The location offers convenient central access and ample parking.
Key Highlights
- Zoned CP (Commercial Professional) allowing for medical, wellness, therapy, and general professional offices.
- Convenient central Las Vegas location.
- Ample parking available.
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
$45,401
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
5.07%
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%
$908,020
$908.0K
Cap Rate 7%
$648,586
$648.6K
Cap Rate 9%
$504,456
$504.5K
Market Conditions
NOI Build-Up for 2,950 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
$70.8K $24.00/SF
− Vacancy
−$10.3K −$3.48/SF
EGI
$60.5K $20.52/SF
− OpEx
−$15.1K −$5.13/SF
NOI
$45.4K $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 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%
$908,020
Cap Rate 7%
$648,586
Cap Rate 9%
$504,456
Alternative Uses
Best Use
Office B
$648.6K
$567.5K – $756.7K
NOI $45,401 @ 7.0% cap · market cap 5.07%
Second Best
Healthcare Medical
$558.3K
$488.5K – $651.4K
NOI $39,082 @ 7.0% cap · market cap 4.37%
Theoretical Best
Specialty Retail
$1.02M
$891.9K – $1.19M
NOI $71,354 @ 7.0% cap · market cap 7.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,934
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 89169, NV
25,938
Population
14,070
Households
1.8
Avg Household Size
36
Median Age
19%
College-Educated
79%
High-School Grad
3.4 sq mi
ZIP Area
7,629
Density / Sq Mi
$39,740
Median Household Income
$32,457
Median Earnings
$1,159
Median Rent
$299,900
Median Home Value
Market
Vacancy Rate% for Office in Las Vegas, NV
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Flamingo Pet Clinic — 2675 E Flamingo Rd # 1, Las Vegas, NV 89121
- VCA Desert Inn Animal Hospital — 3065 E Desert Inn Rd, Las Vegas, NV 89121
- Farnsworth Joel DVM — 3065 E Desert Inn Rd, Las Vegas, NV 89121
- Zaccagnino Diane DVM — 2675 E Flamingo Rd # 1, Las Vegas, NV 89121
- Laughlin Robert DVM — 3065 E Desert Inn Rd, Las Vegas, NV 89121
Frequently Asked Questions
What type of property is this?
Medical Office Space - Professional office/medical suite for sale in central Las Vegas.
Where is this medical office space located?
The property is located at 3650 S Eastern Ave #150 Las Vegas, NV.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Zoned CP (Commercial Professional) allowing for medical, wellness, therapy, and general professional offices.; Convenient central Las Vegas location.; Ample parking available.
