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Freestanding Office Building with Parking
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6882 EDNA AVE, Las Vegas, NV 89146

Freestanding CP-zoned office with reception, private offices, conference room, and gated parking plus fiber internet.

Property Size2,925 SF
Price / SF$350.43
Days on Market119

Property Features for 6882 EDNA AVE

General Information

Standard status Active
Size 2,925 SF
Class B
Total Parking Spaces 12
Property subtype Office
Zoning CP

Building Details

Year Built 1977
Year Renovated 2020
Buildings 1
Stories 1
Units 11
Listing Agency: Commercial Executives Real Estate Services
Listed By: Bobbi Miracle SIOR, CCIM · License #NV BS.145625
Source: Crexi
Added: Jun 12 Changed: Oct 4 Last Checked: Oct 7 at 9:58AM

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 Commercial Executives Real Estate Services

Investment Insights

Based on property information with market context.

This freestanding office building totals 2,925 square feet and was constructed in 1977, with commercial conversion supported by CP zoning in Clark County. The interior features open-beam ceilings and an efficient layout that includes a reception and waiting area, a conference room, four private offices, and three restrooms, including a private restroom within the executive office. A full kitchen with stove adds convenience for staff and visitors.

The property is positioned along Rainbow Boulevard, providing visibility from a high-traffic corridor. Parking includes a secure gated rear area with four covered spaces and eight additional uncovered spaces at the front of the building, supporting client and employee access. The site also includes a private putting green.

Recent improvements include new HVAC units installed in 2021, along with interior renovations intended to support day-to-day operations. The building has an owned solar energy system installed on the roof that will convey with the sale, and it is serviced by fiber internet. With on-site parking, established office layout, and no association fees noted, the property can suit an owner-user looking for a centrally located office asset or an investor seeking a maintained, functional professional space.

Key Highlights

  • 2,925 SF freestanding office building on Rainbow Boulevard in Las Vegas (89146)
  • Built in 1977; CP (Commercial Professional) zoning in Clark County
  • Recent upgrades include new HVAC units installed in 2021 and interior renovations

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$45,016
Cap Rate
4.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$900,320 $900.3K
Cap Rate 7%
$643,086 $643.1K
Cap Rate 9%
$500,178 $500.2K
Market Conditions
NOI Build-Up for 2,925 SF
Gross rent
$70.2K $24.00/SF
− Vacancy
−$10.2K −$3.48/SF
EGI
$60.0K $20.52/SF
− OpEx
−$15.0K −$5.13/SF
NOI
$45.0K $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 Rate 5%
$900,320
Cap Rate 7%
$643,086
Cap Rate 9%
$500,178

Alternative Uses

Best Use
Office B
$643.1K
$562.7K – $750.3K (±1% cap)
NOI $45,016 @ 7.0% cap · market cap 4.39%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.01M
$884.4K – $1.18M (±1% cap)
NOI $70,750 @ 7.0% cap · market cap 6.90%
Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Open Analytics

Current Use

Webster & Associates Law Firm Collaborative Divorce Group ... Consultant

Suggested Use

Top Pick Parking Lot & Garage Electrical Service Garden Center (Bike/Boat/Book/etc) Store Carpet & Flooring Store Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,466
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Office in Las Vegas, NV

13.3% 2019
13% 2020
11.7% 2021
13.3% 2022
13.8% 2023
14.1% 2024
13% 2025
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Frequently Asked Questions

What type of property is this?
Office building - Freestanding CP-zoned office with reception, private offices, conference room, and gated parking plus fiber internet.
Where is this office building located?
The property is located at 6882 EDNA AVE Las Vegas, NV.
What is the asking price?
The asking price for this property is $1,025,000.
What are key features of this property?
This property features: 2,925 SF freestanding office building on Rainbow Boulevard in Las Vegas (89146); Built in 1977; CP (Commercial Professional) zoning in Clark County; Recent upgrades include new HVAC units installed in 2021 and interior renovations
More about this property
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