Office Building with
New
For Sale
$1,650,000
6312 West Cheyenne Avenue, Las Vegas, NV 89108
Vacant professional office space includes partial furnishings, a storage container, and separate basement storage.
Property Size4,400 SF
Lot Size0.63 Acres
Price / SF$375
Days on Market2
Property Features for 6312 West Cheyenne Avenue
General Information
Standard status
Active
Size
4,400 SF
Class
C
Lot size
0.63 Acres
Property subtype
Office
Zoning
P-R
Additional Details
Furnished
Yes
Highway Access
Yes
Property Use
Office
Building Details
Building Size
4,400 SF
Year Built
1965
Buildings
1
Listing Agency:
MDL Group
Listed By:
Jarrad Katz, SIOR, CCIM · License #NV #B.0145888.LLC
(702) 610-1002
Source:
Corfac
Added: Oct 23
Last Checked: Oct 23 at 5:18PM
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 MDL Group
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Investment Insights
Based on property information with market context.
Built in 1965, this freestanding office property contains approximately 4,400 square feet on ±0.63 acres. The building will be vacant at delivery and includes partial furnishings, a storage container, and a basement used for storage. Its P-R zoning designation is Professional Offices and Parking.
The property is near West Cheyenne Avenue and North Torrey Pines Drive, east of I-95 and the Cheyenne exit. MountainView Medical Center and North Las Vegas Airport are nearby. Retail and dining options in the surrounding area include Smith’s, Walmart, Ross, Burger King, Olive Garden, and IHOP.
The property is near West Cheyenne Avenue and North Torrey Pines Drive, east of I-95 and the Cheyenne exit. MountainView Medical Center and North Las Vegas Airport are nearby. Retail and dining options in the surrounding area include Smith’s, Walmart, Ross, Burger King, Olive Garden, and IHOP.
Key Highlights
- Freestanding office building with approximately 4,400 square feet on ±0.63 acres
- P‑R zoning: Professional Offices and Parking
- Vacant delivery with partial furnishings and an included storage container
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$76,181
Cap Rate
4.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,523,620
$1.5M
Cap Rate 7%
$1,088,300
$1.1M
Cap Rate 9%
$846,456
$846.5K
Market Conditions
NOI Build-Up for 4,400 SF
Gross rent
$118.8K $27.00/SF
− Vacancy
−$17.2K −$3.92/SF
EGI
$101.6K $23.09/SF
− OpEx
−$25.4K −$5.77/SF
NOI
$76.2K $17.31/SF
Area
ZIP 89108
Vacancy
14.50%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,523,620
Cap Rate 7%
$1,088,300
Cap Rate 9%
$846,456
Alternative Uses
Best Use
Office B
$1.09M
$952.3K – $1.27M
NOI $76,181 @ 7.0% cap · market cap 4.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.49M
$1.30M – $1.74M
NOI $104,238 @ 7.0% cap · market cap 6.32%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
509
Businesses Nearby
Explore this area
Business Placement
Demographics for 89108, NV
73,637
Population
28,377
Households
2.6
Avg Household Size
35
Median Age
15%
College-Educated
80%
High-School Grad
8.9 sq mi
ZIP Area
8,274
Density / Sq Mi
$57,403
Median Household Income
$36,383
Median Earnings
$1,431
Median Rent
$304,400
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
Frequently Asked Questions
What type of property is this?
Office building - Vacant professional office space includes partial furnishings, a storage container, and separate basement storage.
Where is this office building located?
The property is located at 6312 West Cheyenne Avenue Las Vegas, NV.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Freestanding office building with approximately 4,400 square feet on ±0.63 acres; P‑R zoning: Professional Offices and Parking; Vacant delivery with partial furnishings and an included storage container
