840 Grier Dr, Las Vegas, NV
Three-story, 66,212 SF office building near airport and highways.
- Added:
- Feb 14, 2025
- Days on Market:
- 482
- Last Refresh:
- May 20 at 9:44 pm
Property Features for 840 Grier Dr
General Information
- Standard status
- Active
- Size
- 66,212 SF
- Lot size
- 3.73 Acres
- Property subtype
- OFFICE
Properties For Sale
at 840 Grier Dr Contact usListing agent Cathy Jones (702) 595-8765
Listing office Logic Commercial Real Estate | Las Vegas (702) 595-8765
Listing date Feb 14, 2025
Source Moodyscre
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HighLights
- Rare ±66,212 SF full building office opportunity with versatile options: single tenant lease, multi‑tenant lease, owner‑user purchase, or condo subdivision.
- Prime location in the MGM office campus in Central Las Vegas, near I‑15 and I‑215.
- Excellent visibility with ±364 feet of frontage on Sunset Rd. (±31,600 CPD) and unobstructed views of Harry Reid International Airport.
- Located in close proximity to Harry Reid International Airport, which welcomed 57.6 million visitors in 2023.
- Existing infrastructure supports multi‑tenant occupancy, providing immediate leasing or condo conversion potential.
- Built in 1997 on ±3.73 acres.
Overview
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 | $1.59M | $24.00 |
| − Vacancy | −$230.4k | −$3.48 |
| EGI | $1.36M | $20.52 |
| − OpEx | −$339.7k | −$5.13 |
| NOI | $1.02M | $15.39 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Las Vegas
- County
- Clark
- State
- Nevada
- Longitude
- -115.145
- Latitude
- 36.0709