Renovated Downtown Office
510 South 9th Street Las Vegas, NV 89101
For Sale
$1,499,999
Renovated 1985 office building offering a reception area, private offices, open workspaces, and on-site parking.
Property Size4,185 SF
Price / SF$358.42
Days on Market16
Property Features for 510 South 9th Street
General Information
- Standard status
- Active
- Size
- 4,185 SF
- Property subtype
- OFC
Building Details
- Year Built
- 1985
Listing Agency:
(702) 809-8387
Listed By:
Blake Leavitt
(702) 809-8387
Source:
Realnex
Added: Jul 9
Changed: Jul 23
Last Checked: Jul 23 at 5:16PM
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 Blake Leavitt
Investment Insights
Based on property information with market context.
510 S 9th St is a renovated and well-maintained office property originally built in 1985. The interior totals 4,185 square feet and includes one large reception area, seven private offices, two open workspaces, and five bathrooms, supported by a recently installed brand new roof in 2025. Parking is available on site with nine parking spots, including three spaces in an attached covered garage.
Key Highlights
- Renovated office property built in 1985 with interior space of 4,185 SF
- Interior layout includes 1 large reception area, 7 private offices, 2 open workspaces, and 5 bathrooms
- On‑site parking for 9 vehicles, including 3 spaces in an attached 667 SF covered garage
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $100.4k | $24.00 |
| − Vacancy | −$14.6k | −$3.48 |
| EGI | $85.9k | $20.52 |
| − OpEx | −$21.5k | −$5.13 |
| NOI | $64.4k | $15.39 |
4,185 SF · lease $24.00/SF/yr · vacancy 14.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$920.1K
$805.1K – $1.07M
NOI $64,407 @ 7.0% cap · market cap 4.29%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.45M
$1.27M – $1.69M
NOI $101,227 @ 7.0% cap · market cap 6.75%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Leavitt Law Firm
Law Firm
Ellis III, Frank ...
Law Firm
Ellis Law, P.C.
Law Firm
FAQs
What type of property is this?
Office building - Renovated 1985 office building offering a reception area, private offices, open workspaces, and on-site parking.
Where is this office building located?
The property is located at 510 South 9th Street Las Vegas, NV.
What is the asking price?
The asking price for this property is $1,499,999.
What are key features of this property?
This property features: Renovated office property built in 1985 with interior space of 4,185 SF; Interior layout includes 1 large reception area, 7 private offices, 2 open workspaces, and 5 bathrooms; On‑site parking for 9 vehicles, including 3 spaces in an attached 667 SF covered garage
