Medical/Professional Office in Prime
For Sale
Contact for pricing
6773 W Charleston Blvd, Las Vegas, NV 89146
Well-located commercial property with strong visibility and long-term growth potential.
Property Size3,360 SF
Price / SF$319.94
Days on Market168
Property Features for 6773 W Charleston Blvd
General Information
Standard status
Active
Size
3,360 SF
Class
B
Total Parking Spaces
16
Property subtype
Office
Zoning
C-1
Investment Type
Owner/User
Building Details
Year Built
1985
Listing Agency:
Elite Commercial Real Estate
(702) 240-1688
Listed By:
Catherine Kuo · License #B.1002255
Source:
Crexi
Added: Mar 11
Changed: Aug 15
Last Checked: Aug 23 at 8:22PM
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 Elite Commercial Real Estate
Investment Insights
Based on property information with market context.
Located at 6673 W. Charleston Blvd in Las Vegas, this commercial property offers a prime opportunity in an established medical and professional corridor. Situated directly on W. Charleston Blvd between Rainbow Blvd and Jones Blvd, the property benefits from high visibility, significant daily traffic, and convenient access from all areas of the valley. The building is positioned at the front of a well-maintained professional business park, providing excellent street exposure and easy client access. The property features professional surroundings with mature landscaping, recently completed paving, and fresh parking lot striping. Currently configured for medical and professional office use, the suite is suitable for medical practices, wellness clinics, med spas, aesthetics providers, chiropractic offices, or other healthcare-related businesses. The layout accommodates treatment rooms, consultation spaces, and administrative offices. Zoned C-1 (Limited Commercial), the property supports a range of professional and commercial uses, including medical and wellness services, with potential for retail or service-based conversion, subject to tenant improvements, city approval, and buyer due diligence. Located in a dense commercial area surrounded by established businesses, medical offices, and residential neighborhoods, the property benefits from strong demographics and consistent consumer traffic. Its central location on W. Charleston Blvd ensures accessibility for patients and clients throughout the Las Vegas valley. This property is suitable for an owner-user medical professional, med spa operator, or investor seeking a well-located commercial property with strong visibility and stable surrounding businesses.
Key Highlights
- Prime location on W. Charleston Blvd in a well‑established medical/professional corridor with high visibility and traffic.
- Ideal for medical or professional office use, currently configured with treatment rooms and consultation spaces.
- Flexible C‑1 zoning allows for a wide range of commercial uses, including potential retail/service conversion.
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
$51,710
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
4.81%
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%
$1,034,200
$1.0M
Cap Rate 7%
$738,714
$738.7K
Cap Rate 9%
$574,556
$574.6K
Market Conditions
NOI Build-Up for 3,360 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
$80.6K $24.00/SF
− Vacancy
−$11.7K −$3.48/SF
EGI
$68.9K $20.52/SF
− OpEx
−$17.2K −$5.13/SF
NOI
$51.7K $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%
$1,034,200
Cap Rate 7%
$738,714
Cap Rate 9%
$574,556
Alternative Uses
Best Use
Office B
$738.7K
$646.4K – $861.8K
NOI $51,710 @ 7.0% cap · market cap 4.81%
Second Best
Healthcare Medical
$635.9K
$556.4K – $741.9K
NOI $44,513 @ 7.0% cap · market cap 4.14%
Theoretical Best
Specialty Retail
$1.16M
$1.02M – $1.35M
NOI $81,272 @ 7.0% cap · market cap 7.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,576
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 89146, NV
19,777
Population
8,385
Households
2.4
Avg Household Size
40
Median Age
25%
College-Educated
86%
High-School Grad
4.8 sq mi
ZIP Area
4,120
Density / Sq Mi
$64,330
Median Household Income
$38,121
Median Earnings
$1,407
Median Rent
$432,700
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?
Medical Office Space - Well-located commercial property with strong visibility and long-term growth potential.
Where is this medical office space located?
The property is located at 6773 W Charleston Blvd Las Vegas, NV.
What is the asking price?
The asking price for this property is $1,075,000.
What are key features of this property?
This property features: Prime location on W. Charleston Blvd in a well‑established medical/professional corridor with high visibility and traffic.; Ideal for medical or professional office use, currently configured with treatment rooms and consultation spaces.; Flexible C‑1 zoning allows for a wide range of commercial uses, including potential retail/service conversion.
