Las Vegas Office Buildings For
8766 S Maryland Pkwy Las Vegas, NV 89123
For Sale
Contact for pricing
Two office buildings for sale in central Las Vegas.
Property Size5,395 SF
Price / SF$350
Days on Market832
Property Features for 8766 S Maryland Pkwy
General Information
- Standard status
- Active
- Size
- 5,395 SF
- Property subtype
- Office
Building Details
- Year Built
- 2005
Listing Agency:
CAST
(702) 592-7187
Listed By:
Steve Neiger · License #NV B.0146583
Source:
Crexi
Added: Apr 15, 2024
Changed: Jul 10
Last Checked: Jul 24 at 6:07PM
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 CAST
Investment Insights
Based on property information with market context.
Scottsdale Plaza in central Las Vegas presents an opportunity to acquire freestanding office buildings, suitable for business owners and investors. The sale includes two office buildings intended for owner-users looking to establish their business in a mixed-use environment. Constructed in 2005, the plaza is zoned Commercial General (CG), permitting both office and retail uses. The location offers amenities such as a Dunkin, Tesla Supercharging Stations, restaurants, and a convenience store, all within walking distance. Ample parking is available, including both covered and uncovered spaces. The property is located one mile from the freeway. The buildings offer a chance to own workspace in a professional, community-focused environment.
Key Highlights
- Opportunity to own freestanding office buildings with existing rental income.
- Prime location in central Las Vegas with high visibility and accessibility.
- Commercial General (CG) zoning allows for flexible office or retail uses.
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 | $129.5k | $24.00 |
| − Vacancy | −$18.8k | −$3.48 |
| EGI | $110.7k | $20.52 |
| − OpEx | −$27.7k | −$5.13 |
| NOI | $83.0k | $15.39 |
5,395 SF · lease $24.00/SF/yr · vacancy 14.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.19M
$1.04M – $1.38M
NOI $83,029 @ 7.0% cap · market cap 4.40%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.86M
$1.63M – $2.17M
NOI $130,494 @ 7.0% cap · market cap 6.91%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Passport Health South ...
Medical Clinic
Wellness From Within ...
Counselor
Desert Aggregates
Building Supply
Whitney Garr
Foster Care Service
Trudy Gilbert-Eliot, PhD, ...
Crisis Center
FAQs
What type of property is this?
Office building - Two office buildings for sale in central Las Vegas.
Where is this office building located?
The property is located at 8766 S Maryland Pkwy Las Vegas, NV.
What is the asking price?
The asking price for this property is $1,888,250.
What are key features of this property?
This property features: Opportunity to own freestanding office buildings with existing rental income.; Prime location in central Las Vegas with high visibility and accessibility.; Commercial General (CG) zoning allows for flexible office or retail uses.
