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    7610 Cheyenne Ave Las Vegas, NV 89129

    Sponsored
    For Sale
    $2,900,000

    Las Vegas Office Building - 100% Occupancy

    Property size:
    7,468 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This exceptional investment opportunity presents a 7,468 square foot Class C office building located at 7610 W Cheyenne Ave, Las Vegas, NV 89129. The property, built in 2004, sits on a 0.78-acre lot and boasts a 6.25% cap rate with a Net Operating Income (NOI) of $181,267. Currently 100% occupied by a single tenant, SMI Imaging, Inc. dba SimonMed, under a modified gross lease since 2020, this building offers a stable income stream. The tenant's specialized build-out suggests long-term tenancy. The property is part of a larger, nine-building mixed-use campus (approximately 321,245 square feet) with a commercial association managing common areas, minimizing owner responsibilities. The campus includes diverse tenants such as medical offices, retail businesses, and professional services. Benefiting from a prime location, the property enjoys convenient access to major transportation arteries, including US-95 and I-215, serving the North, Northwest, and West Las Vegas trade areas. The surrounding area features significant medical facilities, including MountainView Hospital and an Optum campus, further enhancing the property's value and potential. The property's APN is 138-09-821-016 and is zoned C-1. The asking price is $2,900,000.

    Property Features for 7610 Cheyenne Ave

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    7,468 SF
    Class
    C
    Lot Size
    33,977 SF

    Building Details

    Year Built
    2004
    Units
    1

    HighLights

    • 7,468 SF Class C office building on a 0.78‑acre lot in Las Vegas, NV.
    • Built in 2004, with a 6.25% cap rate and $181,267 NOI.
    • 100% occupied by SimonMed under a modified gross lease since 2020.
    • Located in a nine‑building mixed‑use campus with a commercial association managing common areas.
    • Excellent access to US‑95 and I‑215, serving major Las Vegas trade areas.
    • Asking price: $2,900,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    SimonMed Imaging - Northwest Medical Diagnostic Imaging Center CMI - Centennial Medical ... Medical Clinic Cheyenne Medical Imaging Doctor Lewis Keith M ... Doctor

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Clothing Store Nail Salon Food Market Grocery 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
    -115.26153511968
    Latitude
    36.21858672612

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    FAQs

    What type of property is this?
    Office Property / Space - Las Vegas Office Building - 100% Occupancy
    Where is this office property / space located?
    The property is located at 7610 Cheyenne Ave Las Vegas, NV.
    What is the asking price?
    The asking price for this property is $2,900,000.
    What are key features of this property?
    This property features: 7,468 SF Class C office building on a 0.78-acre lot in Las Vegas, NV.; Built in 2004, with a 6.25% cap rate and $181,267 NOI.; 100% occupied by SimonMed under a modified gross lease since 2020.
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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
    7610 Cheyenne Ave Las Vegas, NV 89129
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