8870 S Maryland Pkwy Las Vegas, NV 89123
Two office buildings for sale in central Las Vegas.
Property Features for 8870 S Maryland Pkwy
General Information
- Standard status
- Active
- Size
- 5,430 SF
- Property subtype
- Office
Building Details
- Year Built
- 2005
Listing office CAST (702) 592-7187
Listing date Apr 15, 2024
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of CAST
Investment Insights
Based on property information with market context.
Key Highlights
- Opportunity to own freestanding office buildings with existing tenant income in a mixed‑use plaza.
- Prime location in central Las Vegas with convenient access to amenities.
- Zoned Commercial General (CG), allowing for office or retail uses.
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 | $130.3k | $24.00 |
| − Vacancy | −$18.9k | −$3.48 |
| EGI | $111.4k | $20.52 |
| − OpEx | −$27.9k | −$5.13 |
| NOI | $83.6k | $15.39 |
