For Sale
$1,400,000
6889 S Eastern Ave, Las Vegas, NV 89119
Office Units
Property Size3,538 SF
Days on Market203
Property Features for 6889 S Eastern Ave
General Information
Standard status
Active
Size
3,538 SF
Class
B
Property subtype
Office
Occupancy
100%
Site & Location
Traffic Count
70,500 vehicles/day
Road Access
Yes
Building Details
Building Size
3,538 SF
Year Built
2006
Listed By:
Galit Kimerling-Moreau, SIOR · License #NV #S.0065773
(323) 244-1628
Source:
Corfac
Added: Apr 1
Changed: Oct 15
Last Checked: Oct 19 at 4:53AM
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 Galit Kimerling-Moreau, SIOR
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Investment Insights
Based on property information with market context.
Key Highlights
- Year built: 2006
- 100% occupied investment opportunity with Unifi Aviation (Condo B)
- Located at 6889 S. Eastern Ave., in Palm Court Business Park
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,450
Cap Rate
3.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,089,000
$1.1M
Cap Rate 7%
$777,857
$777.9K
Cap Rate 9%
$605,000
$605.0K
Market Conditions
NOI Build-Up for 3,538 SF
Gross rent
$84.9K $24.00/SF
− Vacancy
−$12.3K −$3.48/SF
EGI
$72.6K $20.52/SF
− OpEx
−$18.1K −$5.13/SF
NOI
$54.4K $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%
$1,089,000
Cap Rate 7%
$777,857
Cap Rate 9%
$605,000
Alternative Uses
Best Use
Office B
$777.9K
$680.6K – $907.5K
NOI $54,450 @ 7.0% cap · market cap 3.89%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.22M
$1.07M – $1.43M
NOI $85,577 @ 7.0% cap · market cap 6.11%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
70,500 VPD
Traffic count
100%
Occupancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,440
Businesses Nearby
Explore this area
Business Placement
Demographics for 89119, NV
48,895
Population
24,756
Households
2
Avg Household Size
36
Median Age
20%
College-Educated
84%
High-School Grad
12.9 sq mi
ZIP Area
3,790
Density / Sq Mi
$46,472
Median Household Income
$32,590
Median Earnings
$1,184
Median Rent
$301,000
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
Where is this office unit located?
The property is located at 6889 S Eastern Ave Las Vegas, NV.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Year built: 2006; 100% occupied investment opportunity with Unifi Aviation (Condo B); Located at 6889 S. Eastern Ave., in Palm Court Business Park
