Downtown Las Vegas Office
For Sale
Contact for pricing
601 S SEVENTH ST, Las Vegas, NV 89101
P-R-zoned professional property with a lobby, receptionist area, and two open bullpen spaces.
Property Size7,585 SF
Price / SF$425
Days on Market58
Property Features for 601 S SEVENTH ST
General Information
Standard status
Active
Size
7,585 SF
Class
B
Total Parking Spaces
17
Property subtype
Office
Zoning
P-R
Investment Type
Owner/User
Site & Location
Neighborhood
Office Core District
Amenities
professional lobby entrance
receptionist area
open bullpens for support staff
Building Details
Year Built
2000
Buildings
1
Stories
2
Units
1
Tenancy
Single
Listing Agency:
Avison Young - Las Vegas
Listed By:
James Griffis, SIOR · License #S.0170947
(702) 715-0809
Source:
Crexi
Added: Aug 28
Changed: Oct 12
Last Checked: Oct 24 at 1:25PM
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 Avison Young - Las Vegas
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Investment Insights
Based on property information with market context.
This 7,585-square-foot office building at 601 S Seventh St in Las Vegas was completed in 2000. The interior includes a professional lobby, a receptionist area, and two open bullpen areas that support office operations and staff workstations.
The property is positioned within Downtown Las Vegas’ professional office corridor, near the city’s legal and government institutions. Its P-R zoning and office configuration support continued use as a professional workplace, including an environment suited to legal and other office users.
The property is positioned within Downtown Las Vegas’ professional office corridor, near the city’s legal and government institutions. Its P-R zoning and office configuration support continued use as a professional workplace, including an environment suited to legal and other office users.
Key Highlights
- 7,585‑square‑foot office building completed in 2000
- 601 S Seventh St, Las Vegas, NV location
- P‑R zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$116,733
Cap Rate
3.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,334,660
$2.3M
Cap Rate 7%
$1,667,614
$1.7M
Cap Rate 9%
$1,297,033
$1.3M
Market Conditions
NOI Build-Up for 7,585 SF
Gross rent
$182.0K $24.00/SF
− Vacancy
−$26.4K −$3.48/SF
EGI
$155.6K $20.52/SF
− OpEx
−$38.9K −$5.13/SF
NOI
$116.7K $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 Rate 5%
$2,334,660
Cap Rate 7%
$1,667,614
Cap Rate 9%
$1,297,033
Alternative Uses
Best Use
Office B
$1.67M
$1.46M – $1.95M
NOI $116,733 @ 7.0% cap · market cap 3.62%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.62M
$2.29M – $3.06M
NOI $183,466 @ 7.0% cap · market cap 5.69%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
4,603
Businesses Nearby
Explore this area
Business Placement
Demographics for 89101, NV
42,465
Population
18,258
Households
2.3
Avg Household Size
35
Median Age
11%
College-Educated
66%
High-School Grad
5.4 sq mi
ZIP Area
7,864
Density / Sq Mi
$38,653
Median Household Income
$29,471
Median Earnings
$1,008
Median Rent
$258,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Las Vegas, NV
Frequently Asked Questions
What type of property is this?
Office building - P-R-zoned professional property with a lobby, receptionist area, and two open bullpen spaces.
Where is this office building located?
The property is located at 601 S SEVENTH ST Las Vegas, NV.
What is the asking price?
The asking price for this property is $3,223,625.
What are key features of this property?
This property features: 7,585‑square‑foot office building completed in 2000; 601 S Seventh St, Las Vegas, NV location; P‑R zoning
