Single-Story Office Building For
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5852 S Pecos Rd, Las Vegas, NV 89120
6,025 SF office building near Harry Reid International Airport.
Property Size6,025 SF
Lot Size0.62 Acres
Price / SF$248.96
Days on Market167
Property Features for 5852 S Pecos Rd
General Information
Standard status
Active
Size
6,025 SF
Class
B
Lot size
0.62 Acres
Property subtype
Office
Zoning
C-P
Building Details
Year Built
1998
Buildings
1
Stories
1
Listing Agency:
LOGIC Commercial Real Estate
(702) 538-6802
Listed By:
Adrian Pak · License #NV 0200217
Source:
Crexi
Added: Mar 11
Changed: Aug 24
Last Checked: Aug 23 at 5:46AM
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 LOGIC Commercial Real Estate
Investment Insights
Based on property information with market context.
The property at 5852 South Pecos Road is a single-story office building with approximately 6,025 square feet of space. Constructed in 1998, it is located within the Parc Place Professional Center in the Las Vegas Airport submarket. The building is situated on a parcel of approximately 0.62 acres. Its location east of Harry Reid International Airport provides convenient access to I-215 and I-15, as well as proximity to various retail amenities. The property is zoned C-P (Commercial Professional) and is suitable for owner/users.
Key Highlights
- Ideal for owner/users with C‑P (Commercial Professional) zoning
- Convenient access to I‑215 and I‑15 highways
- Proximity to Harry Reid International Airport
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
$92,725
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
6.18%
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%
$1,854,500
$1.9M
Cap Rate 7%
$1,324,643
$1.3M
Cap Rate 9%
$1,030,278
$1.0M
Market Conditions
NOI Build-Up for 6,025 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
$144.6K $24.00/SF
− Vacancy
−$21.0K −$3.48/SF
EGI
$123.6K $20.52/SF
− OpEx
−$30.9K −$5.13/SF
NOI
$92.7K $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%
$1,854,500
Cap Rate 7%
$1,324,643
Cap Rate 9%
$1,030,278
Alternative Uses
Best Use
Office B
$1.32M
$1.16M – $1.55M
NOI $92,725 @ 7.0% cap · market cap 6.18%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.08M
$1.82M – $2.43M
NOI $145,732 @ 7.0% cap · market cap 9.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
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 - 6,025 SF office building near Harry Reid International Airport.
Where is this office building located?
The property is located at 5852 S Pecos Rd Las Vegas, NV.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Ideal for owner/users with C‑P (Commercial Professional) zoning; Convenient access to I‑215 and I‑15 highways; Proximity to Harry Reid International Airport
