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    8766 Maryland Pkwy Las Vegas, NV 89123

    Sponsored
    For Sale
    $1,753,375

    Las Vegas Executive Office Investment

    Property size:
    5,395 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional Las Vegas office building, part of the Scottsdale Plaza complex, presents a compelling investment opportunity. Located at 8766 S Maryland Pkwy, Las Vegas, NV 89123, this Class C, 5,395 square foot building is currently 29.56% occupied, offering significant upside potential. The property features seven units across one building, with three existing tenants generating a net operating income (NOI) of $25,622. The asking price is $1,753,375, translating to $325 per square foot. Built in 2005, this freestanding building benefits from a gross lease structure and is situated in a vibrant mixed-use environment. Convenient amenities include a nearby Dunkin', Tesla Supercharging stations, restaurants, and a convenience store. Ample parking, both covered and uncovered, is available. The Commercial General (CG) zoning allows for flexible office or retail uses. The property's proximity to the freeway (one mile) enhances its accessibility and appeal. This is an ideal opportunity for owner-users seeking a prime location or investors looking to capitalize on the potential for increased occupancy and rental income. The building offers a unique blend of established tenancy and significant vacancy, presenting a chance to shape the future of this thriving commercial space.

    Property Features for 8766 Maryland Pkwy

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    5,395 SF
    Class
    C

    Building Details

    Buildings
    1
    Units
    7

    HighLights

    • List Price: $1,753,375 ($325/SF)
    • Building Size: 5,395 SF
    • Occupancy: 29.56%, Vacancy: 70.44%
    • Net Operating Income (NOI): $25,622.95
    Property Profile Location Intelligence

    Current Use by Public Records

    Passport Health South ... Travel Clinic Wellness From Within ... Counselor Desert Aggregates Sand & Gravel Supplier Whitney Garr Social Worker Trudy Gilbert-Eliot, PhD, ... Mental Health Service

    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
    -115.13441
    Latitude
    36.0300609

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    FAQs

    What type of property is this?
    Office Property / Space - Las Vegas Executive Office Investment
    Where is this office property / space located?
    The property is located at 8766 Maryland Pkwy Las Vegas, NV.
    What is the asking price?
    The asking price for this property is $1,753,375.
    What are key features of this property?
    This property features: List Price: $1,753,375 ($325/SF); Building Size: 5,395 SF; Occupancy: 29.56%, Vacancy: 70.44%
    (702) 592-7187
    Request Owner's contact information
    8766 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
    8766 Maryland Pkwy Las Vegas, NV 89123
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