Vacant Office Building in Las
7690 W Cheyenne Ave Las Vegas, NV 89129
For Sale
Contact for pricing
Vacant office building in established Cheyenne Corporate Center.
Property Size74,920 SF
Price / SF$249
Days on Market621
Property Features for 7690 W Cheyenne Ave
General Information
- Standard status
- Active
- Size
- 74,920 SF
- Property subtype
- Office
Building Details
- Year Built
- 2000
Listing Agency:
Cushman & Wakefield - Las Vegas, Nevada
(702) 605-1549
Listed By:
Marlene Fujita · License #S.0054013
Source:
Crexi
Added: Nov 13, 2024
Changed: Jul 6
Last Checked: Jul 27 at 5:21AM
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 Cushman & Wakefield - Las Vegas, Nevada
Investment Insights
Based on property information with market context.
Located within Cheyenne Corporate Center, this vacant building at 7690 W. Cheyenne Ave. (Building Six) is available for acquisition. Building Six is part of a mixed-use campus comprising nine buildings with office, medical office, and retail tenants. The entire campus spans approximately 321,245 square feet across nine parcels and is managed by a commercial association, minimizing management responsibilities for the building owner. Other occupants within the center include the State of Nevada Physical Therapy Board, SimonMed, Davita, TPx/MPower Communications, and Dennett Winspear Attorneys at Law. The property size is 74920 square feet.
Key Highlights
- Located within Cheyenne Corporate Center, a mixed‑use campus.
- Part of a campus consisting of ±321,245 square feet across nine parcels.
- Managed by a commercial association, minimizing owner responsibilities.
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 | $1.80M | $24.00 |
| − Vacancy | −$260.7k | −$3.48 |
| EGI | $1.54M | $20.52 |
| − OpEx | −$384.3k | −$5.13 |
| NOI | $1.15M | $15.39 |
74,920 SF · lease $24.00/SF/yr · vacancy 14.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$16.47M
$14.41M – $19.22M
NOI $1,153,019 @ 7.0% cap · market cap 6.18%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$25.89M
$22.65M – $30.20M
NOI $1,812,161 @ 7.0% cap · market cap 9.71%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Holiday Systems International
Travel Agency
Regent Assett Management
Business Management Consultant
FAQs
What type of property is this?
Office building - Vacant office building in established Cheyenne Corporate Center.
Where is this office building located?
The property is located at 7690 W Cheyenne Ave Las Vegas, NV.
What is the asking price?
The asking price for this property is $18,655,080.
What are key features of this property?
This property features: Located within Cheyenne Corporate Center, a mixed‑use campus.; Part of a campus consisting of ±321,245 square feet across nine parcels.; Managed by a commercial association, minimizing owner responsibilities.
