Renovated Furnished Office
New
For Sale
Contact for pricing
5844 S PECOS RD, Las Vegas, NV 89120
Single-story professional office with flexible rooms, shared work areas, and furnishings included.
Property Size5,470 SF
Price / SF$246.80
Days on Market6
Property Features for 5844 S PECOS RD
General Information
Standard status
Active
Size
5,470 SF
Property subtype
Office
Additional Details
Furnished
Yes
Office Units
15
Amenities
kitchen/break area
employee lounge/game room
conference room
HEPA filtration
UV-light technology
smart thermostats
decorative interior fountains
storage room
mailbox configuration
flat screen TVs
security cameras
Building Details
Year Built
1998
Buildings
1
Stories
1
Building Size
5,470 SF
Listing Agency:
KW Commercial
Listed By:
Blake Leavitt · License #BS.0145665.LLC
Source:
Crexi
Added: Sep 10
Changed: Sep 12
Last Checked: Sep 15 at 8:20AM
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 KW Commercial
Investment Insights
Based on property information with market context.
Located at 5844 S Pecos Rd in Las Vegas, this renovated single-story office property offers a flexible layout for multiple departments or business operations. The 5,470 SF building includes 15 designated office suites, additional enclosed private rooms, two workstation areas with 11 cubicles, a conference room, kitchen and break area, lounge and game room, and a waiting area near the main foyer. Two restrooms, three closets, a dedicated storage room, five HVAC zones with smart thermostats, and abundant surface parking add practical functionality.
The property is approximately two miles from Harry Reid International Airport. Furnishings, equipment, and artwork remain throughout the building, along with five flat-screen TVs, a laser printer, Wi-Fi and routing infrastructure, integrated Bluetooth-compatible speakers, and security camera equipment. Individual digital locks and physical keys serve each suite and enclosed private room, while a 12-mailbox setup outside the rear entrance supports executive suites, separate departments, or multiple business operations.
The property is approximately two miles from Harry Reid International Airport. Furnishings, equipment, and artwork remain throughout the building, along with five flat-screen TVs, a laser printer, Wi-Fi and routing infrastructure, integrated Bluetooth-compatible speakers, and security camera equipment. Individual digital locks and physical keys serve each suite and enclosed private room, while a 12-mailbox setup outside the rear entrance supports executive suites, separate departments, or multiple business operations.
Key Highlights
- 5,470 SF single‑story office building
- 15 designated office suites plus additional enclosed private rooms
- Two workstation areas with a total of 11 cubicles
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
$84,183
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
6.24%
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%
$1,683,660
$1.7M
Cap Rate 7%
$1,202,614
$1.2M
Cap Rate 9%
$935,367
$935.4K
Market Conditions
NOI Build-Up for 5,470 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
$131.3K $24.00/SF
− Vacancy
−$19.0K −$3.48/SF
EGI
$112.2K $20.52/SF
− OpEx
−$28.1K −$5.13/SF
NOI
$84.2K $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%
$1,683,660
Cap Rate 7%
$1,202,614
Cap Rate 9%
$935,367
Alternative Uses
Best Use
Office B
$1.20M
$1.05M – $1.40M
NOI $84,183 @ 7.0% cap · market cap 6.24%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.89M
$1.65M – $2.21M
NOI $132,308 @ 7.0% cap · market cap 9.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
15
Office units
Location Intelligence
Trade Area within ½ mile
1,657
Businesses Nearby
Explore this area
Business Placement
Demographics for 89120, NV
24,813
Population
9,861
Households
2.5
Avg Household Size
40
Median Age
26%
College-Educated
88%
High-School Grad
7.1 sq mi
ZIP Area
3,495
Density / Sq Mi
$75,813
Median Household Income
$38,774
Median Earnings
$1,467
Median Rent
$364,800
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Single-story professional office with flexible rooms, shared work areas, and furnishings included.
Where is this office building located?
The property is located at 5844 S PECOS RD Las Vegas, NV.
What is the asking price?
The asking price for this property is $1,349,999.
What are key features of this property?
This property features: 5,470 SF single‑story office building; 15 designated office suites plus additional enclosed private rooms; Two workstation areas with a total of 11 cubicles
