Freestanding Office/Medical Building on
3820 S Jones Blvd Las Vegas, NV 89103
Well-maintained office/medical building with long-term tenant in central Las Vegas.
Type:Office
Property size:
13,840 SFLot size:
1.00 AcrePrice / SF:
$281.79/SF- Added:
- May 26, 2025
- Days on Market:
- 415
- Last Refresh:
- Jul 5 at 11:54 am
Property Features for 3820 S Jones Blvd
General Information
- Standard status
- Active
- Size
- 13,840 SF
- Lot size
- 1.00 Acre
- Property subtype
- Office
Building Details
- Year Built
- 1998
Listing office Executive Realty Services
Listing date May 26, 2025
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 Executive Realty Services
Investment Insights
Based on property information with market context.
This well-maintained, contemporary-style, freestanding, one-story office/medical building offers approximately 13,840 square feet of space. The property is located on S Jones Boulevard, just south of Spring Mountain Road, on the east side of the street. It features full building signage, excellent accessibility, and visibility from Jones Boulevard. The building is situated on one acre and is zoned C-1 for neighborhood commercial use. The property is currently occupied by a single tenant, Progressive Choices (PCI), which operates a vocational training center. PCI has been providing vocational training and job coaching in Clark County since 1997 and has approximately 8 years remaining on its lease with annual rent increases. The lease rate is currently below market value, offering potential for future growth. The property is conveniently located in the center of town, with a bus stop nearby and only 3 miles from the Strip. It is situated on a heavily trafficked road, providing excellent visibility. Businesses will benefit from incredible access to the Las Vegas Strip, approximately a 5-minute drive away. The property also offers superior highway connectivity, with Interstate 15, Nevada 159/W Charleston Blvd, and Interstate 215 approximately three miles away. The building is near medical facilities, such as the Spring Valley Medical Center, which is a six-minute drive away. Located in the Spring Valley residential neighborhood, the property offers convenient commuting and access to retail areas.
Key Highlights
- Freestanding, one‑story, +/-13,840‑square‑foot building with full building signage and excellent visibility.
- Long‑term lease (~8 years remaining) with established tenant (PCI) and annual rent increases.
- Below‑market lease rate with potential for future rent growth.
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 | $332.2k | $24.00 |
| − Vacancy | −$48.2k | −$3.48 |
| EGI | $284.0k | $20.52 |
| − OpEx | −$71.0k | −$5.13 |
| NOI | $213.0k | $15.39 |
13,840 SF · lease $24.00/SF/yr · vacancy 14.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$3.04M
$2.66M – $3.55M
NOI $212,998 @ 7.0% cap · market cap 5.46%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.78M
$4.18M – $5.58M
NOI $334,761 @ 7.0% cap · market cap 8.58%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Chelsey Koehler
Physician
Kristilyn Jeffries
Physician
Stanley Kamimoto
Physician
Brian Werner
Physician
Kalani Ulufale
Physician
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FAQs
What type of property is this?
Office building - Well-maintained office/medical building with long-term tenant in central Las Vegas.
Where is this office building located?
The property is located at 3820 S Jones Blvd Las Vegas, NV.
What is the asking price?
The asking price for this property is $3,900,000.
What are key features of this property?
This property features: Freestanding, one‑story, +/-13,840‑square‑foot building with **full building signage and excellent visibility**.; Long‑term lease (~8 years remaining) with established tenant (PCI) and annual rent increases.; Below‑market lease rate with potential for future rent growth.
