Technology Showroom with
For Sale
Contact for pricing
5245 South Durango Drive, Las Vegas, NV 89113
The property combines a technology-focused showroom with office space under Commercial General zoning.
Property Size6,020 SF
Price / SF$697.67
Days on Market97
Property Features for 5245 South Durango Drive
General Information
Standard status
Active
Size
6,020 SF
Class
A
Property subtype
Office, Business for Sale
Zoning
Commercial General
Occupancy
100%
Investment Type
Owner/User
Additional Details
Business Included
Yes
Building Details
Year Built
2008
Buildings
1
Units
23
Listing Agency:
New Market Commercial Real Estate Advisors
(702) 510-4172
Listed By:
Kyle Wilcox · License #NV BS 146028
Source:
Crexi
Added: May 27
Changed: Aug 29
Last Checked: Aug 29 at 1:45PM
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 New Market Commercial Real Estate Advisors
Investment Insights
Based on property information with market context.
This 6,020-square-foot showroom and office property was built in 2008 and is configured for a technology-focused business. The operating company serves recurring clientele and functions as an authorized dealer for several luxury audio/visual brands. The showroom is refreshed to present current technology and product options for residential and commercial applications.
The property is located at 5245 South Durango Drive in Las Vegas, Nevada. Key employees are expected to remain, and current ownership will provide training to the incoming team. The offering also includes an established business operation associated with the showroom, subject to the applicable transaction process.
The property is located at 5245 South Durango Drive in Las Vegas, Nevada. Key employees are expected to remain, and current ownership will provide training to the incoming team. The offering also includes an established business operation associated with the showroom, subject to the applicable transaction process.
Key Highlights
- 6,020‑square‑foot showroom and office property
- Built in 2008
- Commercial General zoning
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$135,904
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.24%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,718,080
$2.7M
Cap Rate 7%
$1,941,486
$1.9M
Cap Rate 9%
$1,510,044
$1.5M
Market Conditions
NOI Build-Up for 6,020 SF
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.
Gross rent
$205.9K $34.20/SF
− Vacancy
−$11.7K −$1.95/SF
EGI
$194.1K $32.25/SF
− OpEx
−$58.2K −$9.68/SF
NOI
$135.9K $22.58/SF
Area
Las Vegas, NV
Vacancy
5.70%
Lease Rate
$34.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,718,080
Cap Rate 7%
$1,941,486
Cap Rate 9%
$1,510,044
Alternative Uses
Best Use
Retail
$1.94M
$1.70M – $2.27M
NOI $135,904 @ 7.0% cap · market cap 3.24%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.08M
$1.82M – $2.43M
NOI $145,611 @ 7.0% cap · market cap 3.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
994
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 89113, NV
35,829
Population
16,151
Households
2.2
Avg Household Size
38
Median Age
39%
College-Educated
90%
High-School Grad
10.8 sq mi
ZIP Area
3,318
Density / Sq Mi
$88,750
Median Household Income
$48,342
Median Earnings
$1,759
Median Rent
$463,900
Median Home Value
Market
Vacancy Rate% for Retail in Las Vegas, NV
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Showroom - The property combines a technology-focused showroom with office space under Commercial General zoning.
Where is this showroom located?
The property is located at 5245 South Durango Drive Las Vegas, NV.
What is the asking price?
The asking price for this property is $4,200,000.
What are key features of this property?
This property features: 6,020‑square‑foot showroom and office property; Built in 2008; Commercial General zoning
