Corporate Office Center Near
For Sale
Contact for pricing
6070 S Eastern Ave, Las Vegas, NV 89119
For sale corporate office center adjacent to Harry Reid International Airport with easy access to I-15 and I-215.
Property Size13,859 SF
Price / SF$180.39
Days on Market74
Property Features for 6070 S Eastern Ave
General Information
Standard status
Active
Size
13,859 SF
Property subtype
OFFICE
Additional Details
Highway Access
Yes
Listing Agency:
Logic Commercial Real Estate | Las Vegas
(702) 888-3500
Listed By:
Scott Donaghe · License #S.0172934
(310) 880-8054
Source:
Moodyscre
Added: Jun 29
Changed: Sep 3
Last Checked: Sep 9 at 5:38AM
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 | Las Vegas
Investment Insights
Based on property information with market context.
Eastern Corporate Center is a for-sale office property located at 6070 S Eastern Ave, Las Vegas, NV 89119. The offering totals 13,859 square feet.
The property is conveniently situated adjacent to Harry Reid International Airport and is in close proximity to I-15 and I-215, as well as the Las Vegas Strip. Surrounding the building are business services and amenities including banks, restaurants, shopping centers, UPS, Fed Ex, and the United States Postal Service.
This location-focused office building is positioned within a dense mix of services and daily-use retailers, supporting convenient access for employees and visitors.
The property is conveniently situated adjacent to Harry Reid International Airport and is in close proximity to I-15 and I-215, as well as the Las Vegas Strip. Surrounding the building are business services and amenities including banks, restaurants, shopping centers, UPS, Fed Ex, and the United States Postal Service.
This location-focused office building is positioned within a dense mix of services and daily-use retailers, supporting convenient access for employees and visitors.
Key Highlights
- Corporate office center adjacent to Harry Reid International Airport
- Convenient access to I‑15 and I‑215
- In close proximity to the Las Vegas Strip
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
$213,290
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
8.53%
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%
$4,265,800
$4.3M
Cap Rate 7%
$3,047,000
$3.0M
Cap Rate 9%
$2,369,889
$2.4M
Market Conditions
NOI Build-Up for 13,859 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
$332.6K $24.00/SF
− Vacancy
−$48.2K −$3.48/SF
EGI
$284.4K $20.52/SF
− OpEx
−$71.1K −$5.13/SF
NOI
$213.3K $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%
$4,265,800
Cap Rate 7%
$3,047,000
Cap Rate 9%
$2,369,889
Alternative Uses
Best Use
Office B
$3.05M
$2.67M – $3.55M
NOI $213,290 @ 7.0% cap · market cap 8.53%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.79M
$4.19M – $5.59M
NOI $335,221 @ 7.0% cap · market cap 13.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,862
Businesses Nearby
Explore this area
Business Placement
Demographics for 89119, NV
48,895
Population
24,756
Households
2
Avg Household Size
36
Median Age
20%
College-Educated
84%
High-School Grad
12.9 sq mi
ZIP Area
3,790
Density / Sq Mi
$46,472
Median Household Income
$32,590
Median Earnings
$1,184
Median Rent
$301,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Las Vegas, NV
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Frequently Asked Questions
What type of property is this?
Office building - For sale corporate office center adjacent to Harry Reid International Airport with easy access to I-15 and I-215.
Where is this office building located?
The property is located at 6070 S Eastern Ave Las Vegas, NV.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Corporate office center adjacent to Harry Reid International Airport; Convenient access to I‑15 and I‑215; In close proximity to the Las Vegas Strip
