Technical
Financial
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Property profile

404 Maryland Pkwy Las Vegas, NV 89101

OFF-MARKET
Office Spaces
Property ID
US62-0411349
2,828 SF 0.55 ac lot Built 1953
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Property summary

AI-generated overview

This exceptional investment opportunity presents a 2,828 square foot office building situated on three contiguous parcels totaling 0.55 acres in the heart of Downtown Las Vegas. Built in 1953, the property boasts abundant parking and is ideally located on the corner of Lewis Avenue and Maryland Parkway, offering excellent visibility and convenient access to major freeways (I-15 and US-95). The R-4 zoning permits apartment residential development, making this a prime site for future multi-family construction. The existing office building provides immediate income potential, while the land's zoning and location offer significant long-term development upside. This property is minutes from the Las Vegas Medical District, Fremont East Entertainment District, and major cultural attractions, ensuring high visibility and proximity to a thriving urban environment. The property's APN is 139-34-811-042, 139-34-811-043, and 139-34-811-044. The asking price is $1,250,000, with an occupancy date of September 4, 2024. This is a rare chance to acquire a strategically positioned asset in a rapidly developing area of Las Vegas.

Property profile

Verified
Property type Office Spaces
Year built 1953
Total area 2,828 SF
Lot 0.55 ac (23,958 SF)
UPID US62-0411349

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

404 Maryland Pkwy Las Vegas, NV 89101
Las Vegas metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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