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    Class A Office Building Title is generated by Realmo AI

    5550 Painted Mirage Rd, Las Vegas, NV 89149

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    Prime location with upscale corporate image and ample parking.

    Type:Office
    Added:
    Feb 25, 2026
    Days on Market:
    102
    Last Refresh:
    Feb 25 at 8:52 pm

    Property Features for 5550 Painted Mirage Rd

    General Information

    Standard status
    Active
    Property subtype
    Office

    Building Details

    Year Built
    2005

    We can help!

    Listing Contact
    David Livingston
    David Livingston

    Listing agent David Livingston License #NV #BS.146519

    Listing office

    Listing date Feb 25, 2026

    Source Svn-theequitygroup

    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 David Livingston

    HighLights

    • Prime location directly adjacent to US‑95 Freeway with high visibility (100,000+ vehicles/day).
    • One of only six "Class A" office buildings in the Centennial Hills submarket, projecting an upscale corporate image.
    • Ample parking with a 5:1 parking ratio in a parking garage.
    • Backup generator ensures uninterrupted operations.
    • Modern interiors with ample natural light and versatile floor plans.
    • Includes common area amenities: break room, restrooms, and balconies.

    Overview

    Located at 5550 Painted Mirage Rd in Las Vegas, NV, this property presents an exceptional leasing opportunity. It is one of only six "Class A" office buildings in the Centennial Hills submarket, projecting an upscale corporate image. The property is directly adjacent to the US-95 Freeway, offering quick and easy access at Ann Road, with traffic counts exceeding 100,000 vehicles per day. A parking garage provides a 5:1 parking ratio. The building features a fully built-out Class C surgery center, a professional office suite, and an entire full floor plate office penthouse available for lease. Common area amenities include a break room, restrooms, and balconies. A backup generator ensures uninterrupted operations. The property features modern interiors with ample natural light and versatile floor plans. Well-maintained landscaping contributes to a professional setting. The location offers high visibility and is strategically positioned to attract and serve clientele with proximity to amenities and resources for business convenience.
    Location Intelligence

    Current Use by Public Records

    Realty One Group: ... Real Estate Agency MARLENI WOHLSCHLAGEL Lic# ... Real Estate Agency Bright Eyes Beauty ... Hair Salon Origin Transport Trucking Company JAWS Insurance Agency Insurance Agency

    Suggested Use

    Law Firm Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.254888
    Latitude
    36.261583

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    FAQs

    What type of property is this?
    Office building - Prime location with upscale corporate image and ample parking.
    Where is this office building located?
    The property is located at 5550 Painted Mirage Rd Las Vegas, NV.
    What are key features of this property?
    This property features: Prime location directly adjacent to US‑95 Freeway with high visibility (100,000+ vehicles/day).; One of only six "Class A" office buildings in the Centennial Hills submarket, projecting an upscale corporate image.; Ample parking with a 5:1 parking ratio in a parking garage.
    (702) 533-9562
    We can help!
    Listing Contact
    David Livingston
    David Livingston
    Real Estate License ID: NV #BS.146519
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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    5550 Painted Mirage Rd | Las Vegas, NV 89149
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