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    8870 Maryland Pkwy Las Vegas, NV 89123

    Sponsored
    For Sale
    $1,899,800

    Las Vegas Executive Office Complex - High NOI

    Property size:
    5,428 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a freestanding Class C office building in the vibrant Scottsdale Plaza of Las Vegas, Nevada. Located at 8870 S Maryland Pkwy, zip code 89123, this 5,428 square foot building is currently 74.23% occupied, generating a strong net operating income (NOI) of $102,224. The asking price is $1,899,800, translating to $350 per square foot. The property features ten units across one building, with seven tenants currently leasing under a gross lease agreement. Built in 2005, this multi-tenant property benefits from a convenient location, just one mile from the freeway, and is situated within a thriving mixed-use environment. Amenities within walking distance include a Dunkin', Tesla Supercharging stations, restaurants, and a convenience store. The property boasts ample parking, both covered and uncovered, and is zoned Commercial General (CG), allowing for flexible office or retail uses. This presents a compelling opportunity for owner-users or investors seeking a well-located, income-producing asset in a dynamic Las Vegas market. The property's strong NOI and strategic location make it an attractive investment with significant potential for future growth.

    Property Features for 8870 Maryland Pkwy

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    5,428 SF
    Class
    C

    Building Details

    Buildings
    1
    Units
    10

    HighLights

    • $1,899,800 asking price ($350/SF).
    • 5,428 SF Class C office building, 74.23% occupied, with 25.77% vacancy.
    • $102,224 annual net operating income (NOI).
    • Located at 8870 S Maryland Pkwy, Las Vegas, NV 89123, one mile from freeway.
    Property Profile Location Intelligence

    Current Use by Public Records

    Amanda M. Partin, ... Psychotherapist Luther Capital Financial Consultant Law Office of Clay ... Personal Injury Attorney ASAP Locksmith Emergency Locksmith Service Heath Gaumer - COUNTRY ... Insurance Agency

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.134767
    Latitude
    36.0287852

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    FAQs

    What type of property is this?
    Office Property / Space - Las Vegas Executive Office Complex - High NOI
    Where is this office property / space located?
    The property is located at 8870 Maryland Pkwy Las Vegas, NV.
    What is the asking price?
    The asking price for this property is $1,899,800.
    What are key features of this property?
    This property features: $1,899,800 asking price ($350/SF).; 5,428 SF Class C office building, 74.23% occupied, with 25.77% vacancy.; $102,224 annual net operating income (NOI).
    (702) 592-7187
    Request Owner's contact information
    8870 Maryland Pkwy Las Vegas, NV 89123
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    Las Vegas, NV 89123
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    Realmo Value Estimation

    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.

    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.

    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
    8870 Maryland Pkwy Las Vegas, NV 89123
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