Office Building with Valley
For Sale
Contact for pricing
701 N Green Vly Pkwy, Henderson, NV 89074
Expansive office space with sweeping Las Vegas Valley views and reserved covered parking.
Property Size50,000 SF
Price / SF$420
Days on Market198
Property Features for 701 N Green Vly Pkwy
General Information
Standard status
Active
Size
50,000 SF
Property subtype
OFFICE
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Business Included
No
Amenities
fiber optic infrastructure
high-efficiency air conditioning systems
recycling programs
waste management
reserved parking
covered parking
Listing Agency:
JLL | Las Vegas
(702) 360-4907
Listed By:
Travis Landes, SIOR
(702) 369-4846
Source:
Moodyscre
Added: Mar 27
Changed: Oct 4
Last Checked: Oct 9 at 8:20PM
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 JLL | Las Vegas
Investment Insights
Based on property information with market context.
This office building offers expansive office spaces with sweeping views of the Las Vegas Valley. The property includes advanced fiber optic infrastructure and provides reserved and covered parking for tenant use.
The location includes direct access to the CC-215 Beltway via the Green Valley Parkway interchange. It is approximately 7 miles from Harry Reid International Airport and about 10 miles from the Las Vegas Strip. The District at Green Valley is within walking distance, with nearby shopping, dining, fitness facilities, financial institutions, and gas stations.
For on-site efficiency and environmental responsibility, the building notes high-efficiency air conditioning systems along with robust recycling and responsible waste management practices.
The location includes direct access to the CC-215 Beltway via the Green Valley Parkway interchange. It is approximately 7 miles from Harry Reid International Airport and about 10 miles from the Las Vegas Strip. The District at Green Valley is within walking distance, with nearby shopping, dining, fitness facilities, financial institutions, and gas stations.
For on-site efficiency and environmental responsibility, the building notes high-efficiency air conditioning systems along with robust recycling and responsible waste management practices.
Key Highlights
- Expansive office space with sweeping views of the Las Vegas Valley
- Direct access to the CC‑215 Beltway via the Green Valley Parkway interchange
- 7 miles to Harry Reid International Airport and about 10 miles to the Las Vegas Strip
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$820,463
Cap Rate
3.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$16,409,260
$16.4M
Cap Rate 7%
$11,720,900
$11.7M
Cap Rate 9%
$9,116,256
$9.1M
Market Conditions
NOI Build-Up for 50,000 SF
Gross rent
$1.33M $26.52/SF
− Vacancy
−$232.0K −$4.64/SF
EGI
$1.09M $21.88/SF
− OpEx
−$273.5K −$5.47/SF
NOI
$820.5K $16.41/SF
Area
ZIP 89074
Vacancy
17.50%
Lease Rate
$26.52 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$16,409,260
Cap Rate 7%
$11,720,900
Cap Rate 9%
$9,116,256
Alternative Uses
Best Use
Office B
$11.72M
$10.26M – $13.67M
NOI $820,463 @ 7.0% cap · market cap 3.91%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$17.28M
$15.12M – $20.16M
NOI $1,209,398 @ 7.0% cap · market cap 5.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,188
Businesses Nearby
Explore this area
Business Placement
Demographics for 89074, NV
52,243
Population
22,310
Households
2.3
Avg Household Size
42
Median Age
37%
College-Educated
94%
High-School Grad
9.1 sq mi
ZIP Area
5,741
Density / Sq Mi
$85,995
Median Household Income
$48,656
Median Earnings
$1,782
Median Rent
$436,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Office building - Expansive office space with sweeping Las Vegas Valley views and reserved covered parking.
Where is this office building located?
The property is located at 701 N Green Vly Pkwy Henderson, 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: Expansive office space with sweeping views of the Las Vegas Valley; Direct access to the CC‑215 Beltway via the Green Valley Parkway interchange; 7 miles to Harry Reid International Airport and about 10 miles to the Las Vegas Strip
