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    3650 Eastern Ave Las Vegas, NV 89169

    Sponsored
    For Sale
    $1,600,000

    Las Vegas Office Building: High ROI

    Property size:
    8,600 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a 1-story, Class B office complex in Las Vegas, Nevada. Located at 3650 S Eastern Ave, this 8,600 square foot property sits on a 20-acre lot and boasts 16 units within three buildings. Built in 1984 and renovated in 2015, the property currently enjoys 100% occupancy, generating a Net Operating Income (NOI) of $110,938, with a projected NOI of $155,575. The asking price is $1,600,000, representing a current cap rate of 6.93% and a pro-forma cap rate of 7.83%. The property is zoned C-P and offers excellent visibility and access directly on S Eastern Avenue, near amenities such as CVS Pharmacy, Starbucks, and Ross. The property is fee simple ownership and is ideally suited for a variety of professional or medical uses. This value-add investment presents a strong potential for future appreciation within a thriving Las Vegas location. The property's strategic location within the Fountain Park Medical & Professional Center, a well-established complex, further enhances its appeal. The building features a durable wood frame with stucco and brick veneer exteriors. The current occupancy date is November 1, 2024.

    Property Features for 3650 Eastern Ave

    General Information

    Property type
    Retirement homes
    Square Feet
    8,600 SF
    Class
    B
    Lot Size
    871,200 SF

    Building Details

    Year Built/Renovated
    1984/2015
    Buildings
    3
    Stories
    1
    Units
    16

    HighLights

    • Class "B" medical office building, ±0.14 acres, at 3650 S. Eastern Ave #100, Las Vegas, NV 89169.
    • Located in the Fountain Park Medical & Professional Center, an 18‑building complex.
    • Single‑story wood‑frame building with stucco and brick veneer.
    • Prime investment opportunity in a thriving medical hub.
    • Ideal for investors seeking stable, long‑term appreciation.
    Property Profile Location Intelligence

    Current Use by Public Records

    personal service and expertise Consultant Phamatech Laboratories & Diagnostics Drug Testing Service Nguyen C H ... Dentist Precious Care Agency Home Health Care Service creative induction Resume Service

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop 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
    -115.1179737
    Latitude
    36.1236403

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    FAQs

    What type of property is this?
    Retirement home - Las Vegas Office Building: High ROI
    Where is this retirement home located?
    The property is located at 3650 Eastern Ave Las Vegas, NV.
    What is the asking price?
    The asking price for this property is $1,600,000.
    What are key features of this property?
    This property features: Class "B" medical office building, ±0.14 acres, at 3650 S. Eastern Ave #100, Las Vegas, NV 89169.; Located in the Fountain Park Medical & Professional Center, an 18-building complex.; Single-story wood-frame building with stucco and brick veneer.
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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
    3650 Eastern Ave Las Vegas, NV 89169
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