Class A Office
For Sale
Contact for pricing
8379 W Sunset Rd, Las Vegas, NV 89113
Class A office building in the Centra Park business complex with immaculately maintained office space.
Property Size40,972 SF
Price / SF$510.10
Days on Market51
Property Features for 8379 W Sunset Rd
General Information
Standard status
Active
Size
40,972 SF
Class
A
Property subtype
Office
Zoning
Commercial General
Lease Type
NNN
Investment Type
Owner/User
Building Details
Year Built
2004
Buildings
2
Stories
2
Listing Agency:
JLL - Las Vegas, Nevada
Listed By:
Travis Landes · License #S.177027
Source:
Crexi
Added: Jul 9
Changed: Aug 17
Last Checked: Aug 25 at 10:45PM
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 JLL - Las Vegas, Nevada
Investment Insights
Based on property information with market context.
8379 W Sunset Road is a Class A office building offered for lease, located within the Centra Park business complex in the Southwest Submarket. The property includes immaculately maintained office space with a variety of amenities, and offers flexibility for an owner-user while also providing additional vacant space for rental income.
The offering is positioned within the Centra Park business complex in Las Vegas, Nevada, and is presented as an opportunity for companies looking to establish a headquarters while having space available for other uses within the building.
This is a commercial office asset with office-focused amenities and a maintained interior, suited to tenants seeking a higher-end workplace environment within a larger business park setting.
The offering is positioned within the Centra Park business complex in Las Vegas, Nevada, and is presented as an opportunity for companies looking to establish a headquarters while having space available for other uses within the building.
This is a commercial office asset with office-focused amenities and a maintained interior, suited to tenants seeking a higher-end workplace environment within a larger business park setting.
Key Highlights
- Class A office building in the Centra Park business complex
- Built in 2004
- Available for lease at 8379 W Sunset Road in the Southwest Submarket
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
$630,559
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
3.02%
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%
$12,611,180
$12.6M
Cap Rate 7%
$9,007,986
$9.0M
Cap Rate 9%
$7,006,211
$7.0M
Market Conditions
NOI Build-Up for 40,972 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
$983.3K $24.00/SF
− Vacancy
−$142.6K −$3.48/SF
EGI
$840.7K $20.52/SF
− OpEx
−$210.2K −$5.13/SF
NOI
$630.6K $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%
$12,611,180
Cap Rate 7%
$9,007,986
Cap Rate 9%
$7,006,211
Alternative Uses
Best Use
Office B
$9.01M
$7.88M – $10.51M
NOI $630,559 @ 7.0% cap · market cap 3.02%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$14.16M
$12.39M – $16.52M
NOI $991,029 @ 7.0% cap · market cap 4.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,240
Businesses Nearby
Explore this area
Business Placement
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
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 building - Class A office building in the Centra Park business complex with immaculately maintained office space.
Where is this office building located?
The property is located at 8379 W Sunset Rd Las Vegas, NV.
What is the asking price?
The asking price for this property is $20,900,000.
What are key features of this property?
This property features: Class A office building in the Centra Park business complex; Built in 2004; Available for lease at 8379 W Sunset Road in the Southwest Submarket
