Two-Story Office Unit at The
For Sale
Contact for pricing
7336 W Post Rd, Las Vegas, NV 89118
Professional space with open work areas, storage, restroom, and two reserved parking spaces.
Property Size1,521 SF
Price / SF$460.22
Days on Market176
Property Features for 7336 W Post Rd
General Information
Standard status
Active
Size
1,521 SF
Class
B
Property subtype
Office
Zoning
CP
Lease Type
NNN
Building Details
Year Built
2017
Stories
2
Units
1
Listing Agency:
Elite Commercial Real Estate
Listed By:
Catherine Kuo · License #B.1002255
(702) 240-1688
Source:
Crexi
Added: Mar 12
Changed: Sep 2
Last Checked: Aug 31 at 2:08PM
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 Elite Commercial Real Estate
Investment Insights
Based on property information with market context.
Suite 108 at The Square is a 1,521-square-foot office condominium arranged across two stories. Built in 2017, the unit is zoned CP and includes an entry, open office area, storage, and restroom on the first floor, with additional open office space above. The interior is currently unoccupied and offers a shell configuration for customization.
The property is located at 7336 W Post Rd in Las Vegas, near the Rainbow Boulevard and Sunset Road cross streets. Rainbow Boulevard carries reported traffic of 46,500 VPD, and nearby amenities include In-N-Out and Dunkin'. Two reserved parking spaces are included with the unit.
The property is located at 7336 W Post Rd in Las Vegas, near the Rainbow Boulevard and Sunset Road cross streets. Rainbow Boulevard carries reported traffic of 46,500 VPD, and nearby amenities include In-N-Out and Dunkin'. Two reserved parking spaces are included with the unit.
Key Highlights
- 1,521 SF office condominium in Suite 108 at The Square
- Two‑story layout with open office areas on both levels
- CP zoning supports professional office use
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$23,408
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.34%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$468,160
$468.2K
Cap Rate 7%
$334,400
$334.4K
Cap Rate 9%
$260,089
$260.1K
Market Conditions
NOI Build-Up for 1,521 SF
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.
Gross rent
$36.5K $24.00/SF
− Vacancy
−$5.3K −$3.48/SF
EGI
$31.2K $20.52/SF
− OpEx
−$7.8K −$5.13/SF
NOI
$23.4K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$468,160
Cap Rate 7%
$334,400
Cap Rate 9%
$260,089
Alternative Uses
Best Use
Office B
$334.4K
$292.6K – $390.1K
NOI $23,408 @ 7.0% cap · market cap 3.34%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$525.6K
$459.9K – $613.2K
NOI $36,790 @ 7.0% cap · market cap 5.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,706
Businesses Nearby
Explore this area
Business Placement
Demographics for 89118, NV
22,588
Population
10,345
Households
2.2
Avg Household Size
38
Median Age
27%
College-Educated
90%
High-School Grad
10.6 sq mi
ZIP Area
2,131
Density / Sq Mi
$67,384
Median Household Income
$36,629
Median Earnings
$1,501
Median Rent
$391,800
Median Home Value
Market
Vacancy Rate% for Office in Las Vegas, NV
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Professional space with open work areas, storage, restroom, and two reserved parking spaces.
Where is this office units located?
The property is located at 7336 W Post Rd Las Vegas, NV.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: 1,521 SF office condominium in Suite 108 at The Square; Two‑story layout with open office areas on both levels; CP zoning supports professional office use
