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    Vacant Office Building in Las Vegas Title is generated by Realmo AI

    7690 W Cheyenne Ave, Las Vegas, NV 89129

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    Vacant office building in established Cheyenne Corporate Center.

    Type:Office
    Property size:
    74,920 SF
    Price / SF:
    $249/SF
    Added:
    Nov 13, 2024
    Days on Market:
    576
    Last Refresh:
    May 12 at 9:55 pm

    Property Features for 7690 W Cheyenne Ave

    General Information

    Standard status
    Active
    Size
    74,920 SF
    Property subtype
    Office

    Building Details

    Year Built
    2000

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    Listing Contact
    Marlene Fujita
    Marlene Fujita

    Listing agent Marlene Fujita License #S.0054013

    Listing office Cushman & Wakefield - Las Vegas, Nevada

    Listing date Nov 13, 2024

    Source Crexi

    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

    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.
    • Existing tenants include State of Nevada Physical Therapy Board, SimonMed, and others.
    • Building Six is vacant, ready for immediate occupancy or redevelopment.
    • Built in 2000.

    Overview

    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.

    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 $1.80M $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 (±1% cap)
    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 (±1% cap)
    NOI $1,812,161 @ 7.0% cap · market cap 9.71%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Holiday Systems International Travel Agency Regent Assett Management Business Management Consultant

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.262607
    Latitude
    36.220624

    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.
    (702) 605-1549 Call to check price and availability
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