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    3301 Cheyenne Ave & Buffalo Dr Las Vegas, NV 89129

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    For Lease
    Contact for pricing

    Las Vegas office suites, ample parking, modern design.

    Lot size:
    323,000 SF

    Property Features for 3301 Cheyenne Ave & Buffalo Dr

    General Information

    Property type
    Office properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    323,000 SF
    Total Rate
    710600

    Building Details

    Year Built
    2000

    Spaces For Lease

    at 3301 Cheyenne Ave & Buffalo Dr, Las Vegas, NV 89129 Contact us
    Unit 7660 W. Cheyenne Ave, 114

    $26 /Mo

    Size
    4,437 SF
    Contact us
    Unit 3301 North Buffalo Drive, Suite 160

    $26 /Mo

    Size
    16,225 SF
    Contact us
    Unit 7690 W. Cheyenne Ave Suite 110

    $26 /Mo

    Size
    7,195 SF
    Contact us
    Unit 7690 W. Cheyenne Ave Suite 195

    $26 /Mo

    Size
    14,309 SF
    Contact us
    Unit 7690 W. Cheyenne Ave Suite 200

    $26 /Mo

    Size
    37,820 SF
    Contact us
    Unit 7710 W. Cheyenne Ave

    $26 /Mo

    Size
    33,980 SF
    Contact us
    Unit 3291 N. - Bldg. A, Suite 100

    $26 /Mo

    Size
    6,328 SF
    Contact us
    Unit 3291 N. Bldg. B, Suite 125

    $26 /Mo

    Size
    6,757 SF
    Contact us
    Unit 7730 W. Cheyenne Ave Suite 109

    $26 /Mo

    Size
    2,275 SF
    Contact us
    Unit 3280 N. Cimarron Rd

    $26 /Mo

    Size
    35,238 SF
    Contact us
    Unit 3301 N Bldg. A, Suite 130

    $26 /Mo

    Size
    1,738 SF
    Contact us
    Unit 7660 W. Cheyenne Ave, Suite 115

    $26 /Mo

    Size
    4,098 SF
    Contact us
    Unit 7660 W. Cheyenne Ave, Suite 106

    $26 /Mo

    Size
    10,933 SF
    Contact us
    Show more

    We can help!

    Listing Contact
    Jayne Cayton
    Jayne Cayton

    Listing Agency: Avison Young Las Vegas Listing Agent: Jayne Cayton

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    The Cheyenne Corporate Center, a premier Las Vegas office destination, offers 323,000 square feet of modern, multi-tenant office space in an 11-building complex. Located at 3301 N -7690 West Cheyenne Avenue & Buffalo Drive, Las Vegas, NV 89129, this property boasts a strategic location on the northwest corner of West Cheyenne Avenue and North Buffalo Drive in Clark County. The complex features single and two-story buildings with a contemporary architectural design. Suites range from a minimum of 2,837 square feet to a maximum contiguous space of 16,225 square feet, with a total of 18 suites available. Currently, 19,062 square feet are vacant, offering various options for businesses of different sizes. The property includes an impressive 8 parking spaces per 1,000 square feet, ensuring ample parking for tenants and visitors. Built in 2000, the center provides excellent street visibility and includes an on-site food court. The West Cheyenne Avenue building offers prominent frontage, providing exceptional signage opportunities for tenants. The property is adaptable to various business needs, including medical users, and a tenant improvement allowance is available to assist with tenant-specific design requirements.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.2603665
    Latitude
    36.21832

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    FAQs

    What type of property is this?
    Office property - Las Vegas office suites, ample parking, modern design.
    Where is this office property located?
    The property is located at 3301 Cheyenne Ave & Buffalo Dr Las Vegas, NV.
    What is the lease rate?
    The lease rate is $26 SF/Yr.
    What are key features of this property?
    This property features: 323,000 SF multi-tenant office complex in 11 buildings, located at 3301 N Cheyenne Ave, Las Vegas, NV.; High visibility at Cheyenne & Buffalo intersection.; One mile from US-95 freeway.
    (702) 306-3205 Call to check price and availability
    Request Owner's contact information
    3301 Cheyenne Ave & Buffalo Dr Las Vegas, NV 89129
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    Las Vegas, NV 89129
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3301 Cheyenne Ave & Buffalo Dr Las Vegas, NV 89129
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    Contact for Pricing
    Please call us for current price
    and status of this listing Jayne Cayton
    Jayne Cayton
    Real Estate License ID: 0043335
    (702) 306-3205 (702) 472-7979 (725) 228-6022
    Learn more
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