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400 Shadow Ln $1.75/SF/Mo

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Listing Agency: Newmark | Las Vegas l***@nmrk.com Show Phone

Listed By: Michael A. Tabeek · License #74477

Source: Moodyscre

Added: Nov 24, 2025 Changed: Jul 6 Last Checked: Jul 21 at 5:47AM

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Investment Insights

Based on property information with market context.

Shadow Professional Center, a two-story office building with a total area of 41,849 square feet, is situated in the Las Vegas Medical District, adjacent to UMC and Valley Hospital. The property offers prominent exterior signage and direct frontage on Alta Drive, with convenient access to I-15. There are two suites available, ranging in size from 1,788 square feet to 6,127 square feet. The lease rate is $1.50 per square foot NNN, with CAM charges of $0.63 per square foot. The parking ratio is 4.66 to 1,000.

Key Highlights

• Located in the Las Vegas Medical District adjacent to UMC and Valley Hospital.
• Prominent exterior signage.**
• Direct frontage on Alta Drive with easy access to I‑15.

Property Analytics

Property Profile

Current Use

Shadow Park LLC Medical Clinic Clinical Studies Ltd Medical Clinic Water Resources Division Social Service Agency Oscar Batugal, MD Medical Clinic LILNETRA GRADY Physician

Suggested Use

Top Pick Locksmith (Bike/Boat/Book/etc) Store Barber Shop Veterinary Clinic Tanning Salon Wine and Liquor Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)

Lease Type

$0.63 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

4,251

Businesses Nearby

Explore this area Business Placement

Market

Lease Benchmarks for Las Vegas, NV

$14.87 /SF/Yr

Avg Asking Price

$0.67–$34.8 /SF/Yr

Price Range

19,754 SF

Avg Space Size

Vacancy Rate% for Office in Las Vegas, NV

13.3% 2019

13% 2020

11.7% 2021

13.3% 2022

13.8% 2023

14.1% 2024

13% 2025

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Frequently Asked Questions

What type of property is this?

Office units - Office space in Las Vegas Medical District, easy I-15 access.

Where is this office units located?

The property is located at 400 Shadow Ln Las Vegas, NV.

What are key features of this property?

This property features: Located in the Las Vegas Medical District adjacent to UMC and Valley Hospital.; Prominent exterior signage.**; Direct frontage on Alta Drive with easy access to I‑15.