Owner-User Office
For Sale
Contact for pricing
3825 Raymert Dr, Las Vegas, NV 89121
Office commercial space offered for sale, sized at 2,200 square feet and suited for an owner-user setup.
Property Size2,200 SF
Price / SF$249.95
Days on Market176
Property Features for 3825 Raymert Dr
General Information
Standard status
Active
Size
2,200 SF
Class
C
Property subtype
Office
Investment Type
Owner/User
Building Details
Year Built
1973
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
Advent Realty Elite
Listed By:
Antonio Gastelum · License #B.146132
(702) 622-7601
Source:
Crexi
Added: Mar 18
Changed: Sep 4
Last Checked: Sep 8 at 8:07AM
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 Advent Realty Elite
Investment Insights
Based on property information with market context.
This office commercial space is being offered for sale and presents a straightforward opportunity for an owner-user seeking dedicated workplace space. The property size is approximately 2,200 square feet.
The address is 3825 Raymert Dr in Las Vegas, Nevada 89121.
If you’re evaluating options for an owner-occupied office, this offering may fit your needs based on the stated size and intended use as presented in the listing remarks.
The address is 3825 Raymert Dr in Las Vegas, Nevada 89121.
If you’re evaluating options for an owner-occupied office, this offering may fit your needs based on the stated size and intended use as presented in the listing remarks.
Key Highlights
- Office/commercial space for sale with 2,200 SF available for an owner‑user setup
- Built in 1973
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
$30,799
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
5.60%
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%
$615,980
$616.0K
Cap Rate 7%
$439,986
$440.0K
Cap Rate 9%
$342,211
$342.2K
Market Conditions
NOI Build-Up for 2,200 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
$48.3K $21.96/SF
− Vacancy
−$7.2K −$3.29/SF
EGI
$41.1K $18.67/SF
− OpEx
−$10.3K −$4.67/SF
NOI
$30.8K $14.00/SF
Area
ZIP 89121
Vacancy
15.00%
Lease Rate
$21.96 /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%
$615,980
Cap Rate 7%
$439,986
Cap Rate 9%
$342,211
Alternative Uses
Best Use
Office B
$440.0K
$385.0K – $513.3K
NOI $30,799 @ 7.0% cap · market cap 5.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$570.9K
$499.6K – $666.1K
NOI $39,964 @ 7.0% cap · market cap 7.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
615
Businesses Nearby
Explore this area
Business Placement
Demographics for 89121, NV
68,692
Population
29,012
Households
2.4
Avg Household Size
39
Median Age
16%
College-Educated
78%
High-School Grad
9.2 sq mi
ZIP Area
7,467
Density / Sq Mi
$54,667
Median Household Income
$32,776
Median Earnings
$1,306
Median Rent
$288,400
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 commercial space offered for sale, sized at 2,200 square feet and suited for an owner-user setup.
Where is this office units located?
The property is located at 3825 Raymert Dr Las Vegas, NV.
What is the asking price?
The asking price for this property is $549,888.
What are key features of this property?
This property features: Office/commercial space for sale with 2,200 SF available for an owner‑user setup; Built in 1973
