Vacant Office Building in Las
For Sale
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7690 W Cheyenne Ave, Las Vegas, NV 89129
Vacant office building in established Cheyenne Corporate Center.
Property Size74,920 SF
Price / SF$249
Days on Market711
Property Features for 7690 W Cheyenne Ave
General Information
Standard status
Active
Size
74,920 SF
Property subtype
Office
Zoning
C-1
Site & Location
Neighborhood
Desert Shores
Building Details
Year Built
2000
Listing Agency:
Cushman & Wakefield - Las Vegas, Nevada
Listed By:
Marlene Fujita · License #S.0054013
(702) 688-6884
Source:
Crexi
Added: Nov 13, 2024
Changed: Oct 21
Last Checked: Oct 24 at 3:05PM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$1,153,019
Cap Rate
6.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$23,060,380
$23.1M
Cap Rate 7%
$16,471,700
$16.5M
Cap Rate 9%
$12,811,322
$12.8M
Market Conditions
NOI Build-Up for 74,920 SF
Gross rent
$1.80M $24.00/SF
− Vacancy
−$260.7K −$3.48/SF
EGI
$1.54M $20.52/SF
− OpEx
−$384.3K −$5.13/SF
NOI
$1.15M $15.39/SF
Area
Las Vegas, NV
Vacancy
14.50%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$23,060,380
Cap Rate 7%
$16,471,700
Cap Rate 9%
$12,811,322
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 authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
879
Businesses Nearby
Explore this area
Business Placement
Demographics for 89129, NV
54,067
Population
21,941
Households
2.5
Avg Household Size
39
Median Age
33%
College-Educated
93%
High-School Grad
10.0 sq mi
ZIP Area
5,407
Density / Sq Mi
$87,544
Median Household Income
$48,690
Median Earnings
$1,767
Median Rent
$420,400
Median Home Value
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Market
Vacancy Rate% for Office in Las Vegas, NV
Frequently Asked Questions
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.
