Las Vegas Office Buildings For
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8766 S Maryland Pkwy, Las Vegas, NV 89123
Two office buildings for sale in central Las Vegas.
Property Size5,395 SF
Price / SF$350
Days on Market924
Property Features for 8766 S Maryland Pkwy
General Information
Standard status
Active
Size
5,395 SF
Class
C
Property subtype
Office
Zoning
CP
Lease Type
Gross
Investment Type
Owner/User
Building Details
Year Built
2005
Buildings
1
Stories
1
Units
7
Tenancy
Multi
Listing Agency:
CAST
Listed By:
Steve Neiger · License #NV B.0146583
(702) 592-7187
Source:
Crexi
Added: Apr 15, 2024
Changed: Oct 25
Last Checked: Oct 24 at 2:27PM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$83,029
Cap Rate
4.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,660,580
$1.7M
Cap Rate 7%
$1,186,129
$1.2M
Cap Rate 9%
$922,544
$922.5K
Market Conditions
NOI Build-Up for 5,395 SF
Gross rent
$129.5K $24.00/SF
− Vacancy
−$18.8K −$3.48/SF
EGI
$110.7K $20.52/SF
− OpEx
−$27.7K −$5.13/SF
NOI
$83.0K $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%
$1,660,580
Cap Rate 7%
$1,186,129
Cap Rate 9%
$922,544
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 authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
491
Businesses Nearby
Explore this area
Business Placement
Demographics for 89123, NV
55,584
Population
25,246
Households
2.2
Avg Household Size
42
Median Age
32%
College-Educated
92%
High-School Grad
10.4 sq mi
ZIP Area
5,345
Density / Sq Mi
$80,992
Median Household Income
$46,838
Median Earnings
$1,641
Median Rent
$424,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Las Vegas, NV
Frequently Asked Questions
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.
