Downtown Office Investment
721 South 8th Street Las Vegas, NV 89101
For Sale
Contact for pricing
For-sale office property positioned for downtown investment or owner-user use.
Property Size1,488 SF
Price / SF$356.18
Days on Market83
Property Features for 721 South 8th Street
General Information
- Standard status
- Active
- Size
- 1,488 SF
- Property subtype
- Office
Building Details
- Year Built
- 1946
Listing Agency:
Michaels Follmer Real Estate
Listed By:
Grant Bergdoll · License #NV. S.0204379
Source:
Crexi
Added: May 4
Changed: Jul 22
Last Checked: Jul 23 at 12:45PM
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 Michaels Follmer Real Estate
Investment Insights
Based on property information with market context.
This for-sale office property presents a downtown investment or owner-user opportunity. The offering includes commercial office space totaling 1,488 square feet.
The property is located at 721 South 8th Street in Las Vegas, Nevada 89101. It is being marketed as a flexible office use within a downtown setting, suitable for buyers evaluating an owner-occupied scenario or a controlled investment strategy.
With a defined office footprint and a compact total size, the space is positioned for purchasers seeking an office asset rather than a larger multi-tenant building.
The property is located at 721 South 8th Street in Las Vegas, Nevada 89101. It is being marketed as a flexible office use within a downtown setting, suitable for buyers evaluating an owner-occupied scenario or a controlled investment strategy.
With a defined office footprint and a compact total size, the space is positioned for purchasers seeking an office asset rather than a larger multi-tenant building.
Key Highlights
- Office property built in 1946
- Positioned for downtown investment or owner‑user use
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $35.7k | $24.00 |
| − Vacancy | −$5.2k | −$3.48 |
| EGI | $30.5k | $20.52 |
| − OpEx | −$7.6k | −$5.13 |
| NOI | $22.9k | $15.39 |
1,488 SF · lease $24.00/SF/yr · vacancy 14.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$327.1K
$286.3K – $381.7K
NOI $22,900 @ 7.0% cap · market cap 4.32%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$514.2K
$449.9K – $599.9K
NOI $35,992 @ 7.0% cap · market cap 6.79%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office Units
FAQs
What type of property is this?
Office units - For-sale office property positioned for downtown investment or owner-user use.
Where is this office units located?
The property is located at 721 South 8th Street Las Vegas, NV.
What is the asking price?
The asking price for this property is $530,000.
What are key features of this property?
This property features: Office property built in 1946; Positioned for downtown investment or owner‑user use
