Single-Tenant Corporate Office
For Sale
Contact for pricing
6595 S Jones Blvd, Las Vegas, NV 89118
Custom-designed headquarters with a long-term NNN lease extending through 2030.
Property Size46,041 SF
Price / SF$456.12
Days on Market179
Property Features for 6595 S Jones Blvd
General Information
Standard status
Active
Size
46,041 SF
Class
A
Property subtype
Office
Zoning
C-2
Occupancy
100%
Lease Type
NNN
Investment Type
Stabilized
Net Operating Income
$1,398,648
Additional Details
Highway Access
Yes
Building Details
Year Built
2005
Buildings
1
Stories
2
Units
1
Tenancy
Single
Building Size
46,041 SF
Listing Agency:
Northcap Commercial
(702) 340-9490
Listed By:
Derek Belanus · License #NV BS.143114.PC
Source:
Crexi
Added: Mar 4
Changed: Aug 29
Last Checked: Jul 18 at 1:07AM
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 Northcap Commercial
Investment Insights
Based on property information with market context.
This single-tenant office building serves as the corporate headquarters of Golden Entertainment Inc. The custom-designed property contains approximately 46,041 square feet and features a Class A, ultra-modern interior. Recent tenant-funded improvements and upgrades have enhanced the building’s finish and functionality.
The property is positioned in the Southwest Las Vegas submarket with access to the 215 Beltway, I-15 Freeway, and Las Vegas Strip. The NNN lease extends through December 2030, includes annual rental increases, and places limited responsibilities on the landlord. A full corporate guarantee further supports the lease structure.
The property is positioned in the Southwest Las Vegas submarket with access to the 215 Beltway, I-15 Freeway, and Las Vegas Strip. The NNN lease extends through December 2030, includes annual rental increases, and places limited responsibilities on the landlord. A full corporate guarantee further supports the lease structure.
Key Highlights
- Golden Entertainment Inc. corporate headquarters
- Approximately 46,041‑square‑foot custom‑designed office building
- Class A ultra‑modern interior with recent improvements and upgrades
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
$708,571
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
3.37%
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%
$14,171,420
$14.2M
Cap Rate 7%
$10,122,443
$10.1M
Cap Rate 9%
$7,873,011
$7.9M
Market Conditions
NOI Build-Up for 46,041 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
$1.10M $24.00/SF
− Vacancy
−$160.2K −$3.48/SF
EGI
$944.8K $20.52/SF
− OpEx
−$236.2K −$5.13/SF
NOI
$708.6K $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%
$14,171,420
Cap Rate 7%
$10,122,443
Cap Rate 9%
$7,873,011
Alternative Uses
Best Use
Office B
$10.12M
$8.86M – $11.81M
NOI $708,571 @ 7.0% cap · market cap 3.37%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$15.91M
$13.92M – $18.56M
NOI $1,113,637 @ 7.0% cap · market cap 5.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
278
Businesses Nearby
Explore this area
Business Placement
Demographics for 89118, NV
22,588
Population
10,345
Households
2.2
Avg Household Size
38
Median Age
27%
College-Educated
90%
High-School Grad
10.6 sq mi
ZIP Area
2,131
Density / Sq Mi
$67,384
Median Household Income
$36,629
Median Earnings
$1,501
Median Rent
$391,800
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 building - Custom-designed headquarters with a long-term NNN lease extending through 2030.
Where is this office building located?
The property is located at 6595 S Jones Blvd Las Vegas, NV.
What is the asking price?
The asking price for this property is $21,000,000.
What are key features of this property?
This property features: Golden Entertainment Inc. corporate headquarters; Approximately 46,041‑square‑foot custom‑designed office building; Class A ultra‑modern interior with recent improvements and upgrades
