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500 S Rancho Drive, Las Vegas, NV 89118

Office and medical business park with substantial surface parking and redevelopment flexibility.

Property Size47,304 SF
Lot Size4.63 Acres
Days on Market2

Property Features for 500 S Rancho Drive

General Information

Standard status Active
Size 47,304 SF
Class B
Total Parking Spaces 169
Lot size 4.63 Acres
Property subtype Office
Zoning Professional Office (P-R)

Site & Location

Highway Access Yes
Road Access Yes
Utilities to Site Yes

Building Details

Building Size 47,304 SF
Year Built 1988
Buildings 1
Listed By: Hayim Mizrachi, SIOR, CCIM · License #NV #B.0143643.CORP
Source: Corfac
Added: Sep 16 Changed: Sep 17 Last Checked: Sep 16 at 3:04PM

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 Hayim Mizrachi, SIOR, CCIM

Investment Insights

Based on property information with market context.

Rancho Orient Business Park is a 47,304-square-foot professional office and medical business park on a 4.63-acre site. The property includes 169 surface parking stalls, existing utilities, and a low-coverage layout that leaves additional land available for repositioning or redevelopment. Constructed in 1988, the asset is zoned Professional Office (P-R).

The property is located at 500 S. Rancho Drive in central Las Vegas, near the Las Vegas Medical District. I-11/US-95 is less than one mile away, while I-15 is approximately one mile from the site. Downtown Las Vegas, Las Vegas Boulevard, UMC, Valley Hospital, and the UNLV Shadow Lane Campus are also nearby.

Key Highlights

  • ±47,304 SF professional office and medical business park
  • ±4.63‑acre site with low‑coverage configuration
  • 169 surface parking stalls

Property Analytics

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Current Use

RCI Engineering Engineering Consultant Stephanie J. Youngblood, ... Alternative Medicine Practice Myacinth Pineda Physician Ms. Jhouleen Angelika ... Physician Sullivan Walter G ... Physician

Suggested Use

Top Pick Building Supply Real Estate Agency Auto Repair Shop Auto Parts Store Electrical Service Restaurant

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

Yes
Highway access
Yes
Paved road access
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

3,463
Businesses Nearby

Demographics for 89118, NV

22,588
Population
10,345
Households
2.2
Avg Household Size
38
Median Age
27%
College-Educated
90%
High-School Grad
10.6 sq mi
ZIP Area
2,131
Density / Sq Mi
$67,384
Median Household Income
$36,629
Median Earnings
$1,501
Median Rent
$391,800
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

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
Rey
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Frequently Asked Questions

What type of property is this?
Office building - Office and medical business park with substantial surface parking and redevelopment flexibility.
Where is this office building located?
The property is located at 500 S Rancho Drive Las Vegas, NV.
What are key features of this property?
This property features: ±47,304 SF professional office and medical business park; ±4.63‑acre site with low‑coverage configuration; 169 surface parking stalls
More about this property
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