Downtown Las Vegas Landmark
For Sale
Contact for pricing
500-516 S 4th St, Las Vegas, NV
Prime downtown location with immediate usability and income potential.
Property Size11,230 SF
Lot Size0.65 Acres
Price / SF$489.31
Days on Market467
Property Features for 500-516 S 4th St
General Information
Standard status
Active
Size
11,230 SF
Lot size
0.65 Acres
Property subtype
OFFICE
Listing Agency:
Hatrak Commercial
(702) 826-0050
Listed By:
Rob Hatrak · License #B.144920,PM.168447.BKR
(702) 271-3520
Source:
Moodyscre
Added: Jul 4, 2025
Changed: Aug 8
Last Checked: Jul 24 at 11:29AM
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 Hatrak Commercial
Investment Insights
Based on property information with market context.
Located in Downtown Las Vegas, the property at 500–516 S 4th Street is recognized as the headquarters of attorney Ed Bernstein. The property is situated on a hard corner, directly across from the Nevada Supreme Court and near legal, governmental, and civic institutions. The property offers immediate usability as a move-in-ready professional office, along with interim income from a separately leased suite. The two freestanding buildings are separately demised and metered, offering flexibility for owner-users planning future growth or investors seeking strategic lease-up potential. The property offers a Downtown address tied to the city’s legal and professional identity. The property has a total size of 11,230 square feet.
Key Highlights
- Landmark downtown Las Vegas location directly across from the Nevada Supreme Court.
- Move‑in‑ready professional office space with a separately leased suite providing immediate usability and interim income.
- High‑profile address recognized as the former headquarters of legendary attorney Ed Bernstein.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$172,830
Cap Rate
3.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,456,600
$3.5M
Cap Rate 7%
$2,469,000
$2.5M
Cap Rate 9%
$1,920,333
$1.9M
Market Conditions
NOI Build-Up for 11,230 SF
Gross rent
$269.5K $24.00/SF
− Vacancy
−$39.1K −$3.48/SF
EGI
$230.4K $20.52/SF
− OpEx
−$57.6K −$5.13/SF
NOI
$172.8K $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 Rate 5%
$3,456,600
Cap Rate 7%
$2,469,000
Cap Rate 9%
$1,920,333
Alternative Uses
Best Use
Office B
$2.47M
$2.16M – $2.88M
NOI $172,830 @ 7.0% cap · market cap 3.15%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.88M
$3.40M – $4.53M
NOI $271,631 @ 7.0% cap · market cap 4.94%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
5,234
Businesses Nearby
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Business Placement
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Las Vegas, NV
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Frequently Asked Questions
What type of property is this?
Office building - Prime downtown location with immediate usability and income potential.
Where is this office building located?
The property is located at 500-516 S 4th St Las Vegas, NV.
What is the asking price?
The asking price for this property is $5,495,000.
What are key features of this property?
This property features: Landmark downtown Las Vegas location directly across from the Nevada Supreme Court.; Move‑in‑ready professional office space with a separately leased suite providing immediate usability and interim income.; High‑profile address recognized as the former headquarters of legendary attorney Ed Bernstein.
