Downtown Las Vegas Office
730 S Las Vegas Blvd Las Vegas, NV 89101
730 S Las Vegas Blvd, Las Vegas, NV, 89101
Contact for pricing
For Sale
Contact for pricing
Office condos for sale in downtown Las Vegas.
Property Size5,540 SF
Price / SF$245
Days on Market1247
Property Features for 730 S Las Vegas Blvd
General Information
- Standard status
- Active
- Size
- 5,540 SF
- Property subtype
- Office
Building Details
- Year Built
- 1963
Listing Agency
IREPLV LLC
Listed by
Mike Young · License #B.0146036.LLC
Source
Crexi
Added: Feb 16, 2023 Checked: Jul 17 at 3:20 am
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 IREPLV LLC
Investment Insights
Based on property information with market context.
Located in the heart of downtown Las Vegas, The Office @ 730 S. Las Vegas Blvd is a 2-story office building with a total area of 40,342 square feet. Situated at the corner of Gass Avenue and Las Vegas Boulevard, the building offers accessibility to federal and municipal courthouses, the Medical District, Symphony Park, the Arts District, and Fremont Street. Office condos are available for sale on both the first and second floors. Available first-floor suites include Suite 101 with 3,679 square feet, Suite 102 with 2,817 square feet, Suite 103 with 2,723 square feet, Suite 105 with 3,259 square feet, and Suite 106 with 3,619 square feet. Available second-floor suites include Suite 201 with 3,662 square feet, Suite 202 with 2,905 square feet, Suite 203 with 2,702 square feet, Suite 204 with 4,503 square feet, Suite 205 with 2,954 square feet, and Suite 206 with 3,742 square feet.
Key Highlights
- Office condos for sale in Downtown Las Vegas.
- Located in the heart of downtown at the corner of Gass Avenue and Las Vegas Boulevard.
- Accessibility to federal & municipal courthouses, the Medical District, Symphony Park, the Arts District, and Fremont Street.
Local 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 | $133.0k | $24.00 |
| − Vacancy | −$19.3k | −$3.48 |
| EGI | $113.7k | $20.52 |
| − OpEx | −$28.4k | −$5.13 |
| NOI | $85.3k | $15.39 |
5,540 SF · lease $24.00/SF/yr · vacancy 14.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.22M
$1.07M – $1.42M
NOI $85,261 @ 7.0% cap · market cap 6.28%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.91M
$1.68M – $2.23M
NOI $134,001 @ 7.0% cap · market cap 9.87%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Gallian Welker & Associates, ...
Law Firm
Kalma Events LLC
Party Supply Store
The White Space LV
(Bike/Boat/Book/etc) Store
Jeremiah Program | LasVegas
Charitable Organization
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Office condos for sale in downtown Las Vegas.
Where is this office units located?
The property is located at 730 S Las Vegas Blvd Las Vegas, NV.
What is the asking price?
The asking price for this property is $1,357,300.
What are key features of this property?
This property features: Office condos for sale in Downtown Las Vegas.; Located in the heart of downtown at the corner of Gass Avenue and Las Vegas Boulevard.; Accessibility to federal & municipal courthouses, the Medical District, Symphony Park, the Arts District, and Fremont Street.
