Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Red Rock Business Center Office Title is generated by Realmo AI

    6140-6180 Brent Thurman Way, Las Vegas, NV 89148

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Two-story office center in bustling business district for lease.

    Type:Office
    Added:
    Aug 3, 2023
    Days on Market:
    1029
    Last Refresh:
    May 12 at 9:56 pm

    Property Features for 6140-6180 Brent Thurman Way

    General Information

    Standard status
    Active
    Property subtype
    Office

    Building Details

    Year Built
    2009

    Spaces For Lease

    at 6140-6180 Brent Thurman Way Contact us

    6140 - Suite 260 $1.95/Mo

    Size
    7,741 SF
    Type
    Office
    Suite 260 is in grey-shell condition, awaiting your customized floor plan. This space...
    show more
    Contact us

    We can help!

    Listing Contact
    Pete Janemark

    Listing agent Pete Janemark License #NV S.0076731

    Listing office SVN | The Equity Group

    Listing date Aug 3, 2023

    Source Crexi

    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

    HighLights

    • Prominent location in the 215 Curve Business District.
    • Excellent parking and access.
    • Freeway frontage and signage opportunities.
    • Enjoy mountain and community views.
    • Two‑story office center with two identical buildings.
    • Built in 2009.

    Overview

    The Red Rock Business Center is a two-story office center located in the 215 Curve Business District, offering views of the mountains and surrounding communities. The property provides parking, access, and amenities. Freeway frontage and signage are available via two monument signs, with freeway signage opportunities. The property consists of two identical buildings with exterior covered walkways and storefront access from the visitor parking lot. Each building includes an elevator, and a courtyard/break area separates the buildings. The lease rate is $23.4 per square foot.
    Location Intelligence

    Current Use by Public Records

    redrock business centre Business Service Center

    Map

    City
    Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.284
    Latitude
    36.0993

    Nearby Similar for Lease

    • $129-$4,896/Mo
      11-1,292 SF

      NV, Las Vegas - South Maryland Parkway

      4220 Maryland Pkwy, Unit 2ND, Las Vegas, NV 89119
      View Details
    • $129-$4,466/Mo
      11-1,292 SF

      NV, Las Vegas - Convention Center Dr.

      101 Convention Center Dr, Unit 900, Las Vegas, NV 89109
      View Details
    • $129-$7,826/Mo
      11-1,292 SF

      The Canyons at Summerlin

      1180 Town Center Dr, Unit 100, Las Vegas, NV 89144
      View Details
    • $129-$5,766/Mo
      11-1,292 SF

      Howard Hughes Parkway

      3960 Howard Hughes Pkwy, Unit 500, Las Vegas, NV 89109
      View Details
    • Sponsored
      $129-$7,036/Mo
      11-1,292 SF

      Lake Mead Boulevard

      7251 Lake Mead Blvd, Unit 300, Las Vegas, NV 89128
      View Details
    • $129-$9,186/Mo
      11-1,292 SF

      Downtown Summerlin

      1980 Festival Plaza Dr, Unit 300, Las Vegas, NV 89135
      View Details
    • $129-$5,216/Mo
      11-1,292 SF

      City Cental Place

      400 4Th St, Unit 500, Las Vegas, NV 89101
      View Details
    • $129-$6,166/Mo
      11-1,292 SF

      Howard Hughes II

      3753 Howard Hughes Pkwy, Unit 200, Las Vegas, NV 89169
      View Details
    • $129-$7,696/Mo
      11-1,292 SF

      Arroyo Crossing

      7455 Arroyo Crossing Pkwy, Unit 220, Las Vegas, NV 89113
      View Details
    • Sponsored
      $129-$8,703/Mo
      11-1,292 SF

      Tivoli Village

      410 Rampart Blvd, Unit 390, Las Vegas, NV 89145
      View Details
    • Sponsored
      $129-$2,687/Mo
      11-1,292 SF

      NV, Las Vegas - Raymert Dr

      3838 Raymert Dr, Las Vegas, NV 89121
      View Details
    • $129-$8,847/Mo
      11-1,292 SF

      Town Square

      6671 Las Vegas Blvd, Unit D, Las Vegas, NV 89119
      View Details

    FAQs

    What type of property is this?
    Office building - Two-story office center in bustling business district for lease.
    Where is this office building located?
    The property is located at 6140-6180 Brent Thurman Way Las Vegas, NV.
    What is the lease rate?
    The lease rate is $23 SF/Yr.
    What are key features of this property?
    This property features: Prominent location in the 215 Curve Business District.; Excellent parking and access.; Freeway frontage and signage opportunities.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Pete Janemark
    Real Estate License ID: NV S.0076731
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    6140-6180 Brent Thurman Way, Las Vegas, NV 89148
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!