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    218 Maryland Pkwy Las Vegas, NV 89101

    For Sale
    $895,000

    Prime location, 2,664 sq ft office.

    Property size:
    2,664 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This single-story, 2,664-square-foot Class B office building is ideally situated in the heart of Downtown Las Vegas at 218 S Maryland Parkway. Built in 1957, the property sits on a 0.16-acre lot and is zoned for Apartment Residence District (R-4). The interior boasts a functional layout including seven individual offices, a dedicated conference room, a convenient kitchenette, a welcoming reception/lobby area, two bathrooms, and two storage rooms. The building's location benefits significantly from the completed Project Neon, providing easy freeway access via multiple points. Its proximity to the Federal Justice Center and Clark County Justice Center adds to its strategic appeal. The asking price is $895,000, translating to $298.42 per square foot. This presents a compelling opportunity for owner-users seeking a well-appointed space in a vibrant, central location. The property offers significant potential for various business uses given its zoning and convenient location.

    Property Features for 218 Maryland Pkwy

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    2,664 SF
    Class
    B
    Lot Size
    6,970 SF

    Building Details

    Year Built
    1957

    HighLights

    • 2,664 SF single‑story office building in Downtown Las Vegas.
    • Seven offices, conference room, kitchenette, reception area, two bathrooms, IT room, and two storage rooms.
    • 0.16‑acre lot.
    • R‑4 zoning.
    • Excellent freeway access via Project Neon.
    • Near the Federal and Clark County Justice Centers.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Spa & Massage Dental Office Restaurant Hair Salon Nail Salon Building Supply Gym & Fitness Clothing Store Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.1341287
    Latitude
    36.1640782

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    FAQs

    What type of property is this?
    Office Property / Space - Prime location, 2,664 sq ft office.
    Where is this office property / space located?
    The property is located at 218 Maryland Pkwy Las Vegas, NV.
    What is the asking price?
    The asking price for this property is $895,000.
    What are key features of this property?
    This property features: 2,664 SF single-story office building in Downtown Las Vegas.; Seven offices, conference room, kitchenette, reception area, two bathrooms, IT room, and two storage rooms.; 0.16-acre lot.
    Request Owner's contact information
    218 Maryland Pkwy Las Vegas, NV 89101
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    Las Vegas, NV 89101
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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
    218 Maryland Pkwy Las Vegas, NV 89101
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