Downtown Las Vegas Office
For Sale
Contact for pricing
530 S 6th St, Las Vegas, NV
8,000 SF office building in Downtown Las Vegas.
Property Size8,000 SF
Lot Size0.32 Acres
Price / SF$456.25
Days on Market257
Property Features for 530 S 6th St
General Information
Standard status
Active
Size
8,000 SF
Lot size
0.32 Acres
Property subtype
OFFICE
Listing Agency:
Hatrak Commercial
(702) 271-3520
Listed By:
Rob Hatrak
Source:
Moodyscre
Added: Nov 25, 2025
Changed: Jul 6
Last Checked: Aug 9 at 11:58AM
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.
The property at 530 S 6th Street is an approximately 8,000 square foot office building situated in Downtown Las Vegas, specifically at the corner of East Bonneville Avenue and South 6th Street. Its location provides access to US-95 and I-15, UMC & Valley Hospitals, the Regional Justice Center and Federal Courthouses, the new Supreme Court building, and Harry Reid International Airport, which is 7 miles away. The property is situated on approximately 0.31 acres and includes a private rear parking lot with 20 covered parking spaces. The building features cinder block construction and automatic metal rolling security shutters over every window and entrance. The building has been recently remodeled and is 100% occupied with 7 years remaining on the tenant’s initial lease term.
Key Highlights
- 100% occupied with 7 years remaining on the tenant’s initial lease term, providing immediate and stable income.
- Prime Downtown Las Vegas location with easy access to major transportation routes.
- Rare amenity of 20 covered parking spaces in a private rear lot.
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
$123,120
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
3.37%
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%
$2,462,400
$2.5M
Cap Rate 7%
$1,758,857
$1.8M
Cap Rate 9%
$1,368,000
$1.4M
Market Conditions
NOI Build-Up for 8,000 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
$192.0K $24.00/SF
− Vacancy
−$27.8K −$3.48/SF
EGI
$164.2K $20.52/SF
− OpEx
−$41.0K −$5.13/SF
NOI
$123.1K $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 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%
$2,462,400
Cap Rate 7%
$1,758,857
Cap Rate 9%
$1,368,000
Alternative Uses
Best Use
Office B
$1.76M
$1.54M – $2.05M
NOI $123,120 @ 7.0% cap · market cap 3.37%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.76M
$2.42M – $3.23M
NOI $193,504 @ 7.0% cap · market cap 5.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
4,294
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Office in Las Vegas, NV
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - 8,000 SF office building in Downtown Las Vegas.
Where is this office building located?
The property is located at 530 S 6th St Las Vegas, NV.
What is the asking price?
The asking price for this property is $3,650,000.
What are key features of this property?
This property features: 100% occupied with 7 years remaining on the tenant’s initial lease term, providing immediate and stable income.; Prime Downtown Las Vegas location with easy access to major transportation routes.; Rare amenity of 20 covered parking spaces in a private rear lot.
