Building Details

Year Built 2008

Stories 1

Listing Agency: SVN | The Equity Group

Listed By: Paul Chaffee · License #NV 1000874 Show Phone

Source: Crexi

Added: Feb 18 Changed: Oct 12 Last Checked: Oct 23 at 5:47AM

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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

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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.

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 / Yr

$22,223

Cap Rate

3.07%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$444,460 $444.5K

Cap Rate 7%

$317,471 $317.5K

Cap Rate 9%

$246,922 $246.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,444 SF

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 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 (±1% cap)

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 (±1% cap)

NOI $34,927 @ 7.0% cap · market cap 4.82%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Mariano Engineering, LLC Engineering Consultant Affiniti Studios Association Or Organization Assisted Recovery Medical Clinic Sunbelt Properties Management Real Estate Agency CPA Partners LLC Accounting Firm

Suggested Use

Top Pick Law Firm Real Estate Agency Spa & Massage Center Hair Salon Food Market Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

13.3% 2019

13% 2020

11.7% 2021

13.3% 2022

13.8% 2023

14.1% 2024

13% 2025

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Frequently Asked Questions

What type of property is this?

Office unit - Office suite with dual entry, reception, central open work area, four private offices, storage, and two restrooms.

Where is this office unit 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