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Grey Shell Professional Office Building
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7280 W Sunset Rd, Las Vegas, NV 89113

Three-story office building planned for grey shell delivery at a key intersection with major beltway access.

Property Size14,870 SF
Price / SF$450
Days on Market180

Property Features for 7280 W Sunset Rd

General Information

Standard status Active
Size 14,870 SF
Property subtype OFFICE

Site & Location

Highway Access Yes
Road Access Yes

Building Details

Stories 3
Listing Agency: CBRE | Las Vegas
Listed By: Ryan Martin · License #BS.0048284
Source: Moodyscre
Added: May 5 Changed: Oct 25 Last Checked: Oct 30 at 6:14PM

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 CBRE | Las Vegas

Rey
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Investment Insights

Based on property information with market context.

Sunset Canyon Corporate Center is an upcoming three-story professional office building totaling 41,207 SF. The property will be delivered in grey shell condition.

The site will be located at the northeast corner of W. Sunset Road and S. Tenaya Way, with quick access to the CC-215 Beltway via Rainbow Road or Buffalo Road. The property is positioned in the Southwest submarket and is described as having prominent street visibility and building signage.

As planned, this project provides a single multi-level office asset delivered in unfinished grey shell condition, offering flexibility for future tenant improvements.

Key Highlights

  • Upcoming 3‑story professional office building totaling approximately 41,207 SF
  • Planned delivery in grey shell condition
  • Site will be located on the NEC of W. Sunset Road and S. Tenaya Way

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$228,849
Cap Rate
3.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,576,980 $4.6M
Cap Rate 7%
$3,269,271 $3.3M
Cap Rate 9%
$2,542,767 $2.5M
Market Conditions
NOI Build-Up for 14,870 SF
Gross rent
$356.9K $24.00/SF
− Vacancy
−$51.7K −$3.48/SF
EGI
$305.1K $20.52/SF
− OpEx
−$76.3K −$5.13/SF
NOI
$228.8K $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%
$4,576,980
Cap Rate 7%
$3,269,271
Cap Rate 9%
$2,542,767

Alternative Uses

Best Use
Office B
$3.27M
$2.86M – $3.81M (±1% cap)
NOI $228,849 @ 7.0% cap · market cap 3.42%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.14M
$4.50M – $5.99M (±1% cap)
NOI $359,675 @ 7.0% cap · market cap 5.38%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Office buildings

Suggested Use

Top Pick Electrical Service Parking Lot & Garage Veterinary Clinic (Bike/Boat/Book/etc) Store Butcher Wine and Liquor Store

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

Lease Details

Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

1,505
Businesses Nearby

Demographics for 89113, NV

35,829
Population
16,151
Households
2.2
Avg Household Size
38
Median Age
39%
College-Educated
90%
High-School Grad
10.8 sq mi
ZIP Area
3,318
Density / Sq Mi
$88,750
Median Household Income
$48,342
Median Earnings
$1,759
Median Rent
$463,900
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

Frequently Asked Questions

What type of property is this?
Office building - Three-story office building planned for grey shell delivery at a key intersection with major beltway access.
Where is this office building located?
The property is located at 7280 W Sunset Rd Las Vegas, NV.
What is the asking price?
The asking price for this property is $6,691,500.
What are key features of this property?
This property features: Upcoming 3‑story professional office building totaling approximately 41,207 SF; Planned delivery in grey shell condition; Site will be located on the NEC of W. Sunset Road and S. Tenaya Way
(702) 630-2671 Call to check price and availability
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