Turnkey Office Suite with Dual
For Sale
Contact for pricing
6040 S Durango Dr, Las Vegas, NV 89113
Office suite with dual entry, reception, central open work area, four private offices, storage, and two restrooms.
Property Size1,444 SF
Price / SF$502.08
Days on Market203
Property Features for 6040 S Durango Dr
General Information
Standard status
Active
Size
1,444 SF
Class
B
Property subtype
Office
Zoning
C-P Commercial Professional - Unincorporated Clark County
Building Details
Year Built
2008
Stories
1
Listing Agency:
SVN | The Equity Group
Listed By:
Paul Chaffee · License #NV 1000874
(702) 369-4811
Source:
Crexi
Added: Feb 18
Changed: Aug 25
Last Checked: Sep 8 at 6:52AM
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 SVN | The Equity Group
Investment Insights
Based on property information with market context.
6040 S Durango Dr, Suite 110 is a well-maintained office suite in a professional corridor within the Spring Valley submarket of Southwest Las Vegas. The space features a functional dual-entry layout with a welcoming reception area, a central open work area, four private offices, dedicated storage, and two restrooms.
The property is positioned along one of the valley’s primary arterial roadways, supporting convenient access for day-to-day operations.
This is a turnkey, move-in ready option for small to mid-sized businesses looking for a complete, flexible office configuration.
The property is positioned along one of the valley’s primary arterial roadways, supporting convenient access for day-to-day operations.
This is a turnkey, move-in ready option for small to mid-sized businesses looking for a complete, flexible office configuration.
Key Highlights
- Office suite built in 2008 in the Spring Valley submarket of Southwest Las Vegas
- Functional dual entry with a welcoming reception area
- Flexible layout with a central open work area plus four private offices
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
$22,223
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
3.07%
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%
$444,460
$444.5K
Cap Rate 7%
$317,471
$317.5K
Cap Rate 9%
$246,922
$246.9K
Market Conditions
NOI Build-Up for 1,444 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
$34.7K $24.00/SF
− Vacancy
−$5.0K −$3.48/SF
EGI
$29.6K $20.52/SF
− OpEx
−$7.4K −$5.13/SF
NOI
$22.2K $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%
$444,460
Cap Rate 7%
$317,471
Cap Rate 9%
$246,922
Alternative Uses
Best Use
Office B
$317.5K
$277.8K – $370.4K
NOI $22,223 @ 7.0% cap · market cap 3.07%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$499.0K
$436.6K – $582.1K
NOI $34,927 @ 7.0% cap · market cap 4.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,219
Businesses Nearby
Explore this area
Business Placement
Demographics for 89113, NV
35,829
Population
16,151
Households
2.2
Avg Household Size
38
Median Age
39%
College-Educated
90%
High-School Grad
10.8 sq mi
ZIP Area
3,318
Density / Sq Mi
$88,750
Median Household Income
$48,342
Median Earnings
$1,759
Median Rent
$463,900
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 units - Office suite with dual entry, reception, central open work area, four private offices, storage, and two restrooms.
Where is this office units located?
The property is located at 6040 S Durango Dr Las Vegas, NV.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Office suite built in 2008 in the Spring Valley submarket of Southwest Las Vegas; Functional dual entry with a welcoming reception area; Flexible layout with a central open work area plus four private offices
