Remodeled Freestanding Office
For Sale
Contact for pricing
912 N Eastern Ave, Las Vegas, NV 89101
Freestanding, remodeled office building with an entrance and waiting room, three offices, two bathrooms, and ample parking.
Property Size936 SF
Lot Size0.15 Acres
Price / SF$320.51
Days on Market50
Property Features for 912 N Eastern Ave
General Information
Standard status
Active
Size
936 SF
Class
B
Lot size
0.15 Acres
Property subtype
Office
Zoning
Professional Office
Lease Type
Modified Gross
Investment Type
Owner/User
Additional Details
Office Units
3
Building Details
Year Built
1960
Year Renovated
2026
Buildings
1
Units
1
Listing Agency:
Regency Realty Investments LLC
(725) 332-8111
Listed By:
Marcie Hansen · License #NV B.0145866 | CA 01824108
Source:
Crexi
Added: Jul 10
Changed: Aug 17
Last Checked: Aug 28 at 9:41AM
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 Regency Realty Investments LLC
Investment Insights
Based on property information with market context.
Freestanding office building on a corner lot that has been recently remodeled. The interior includes a large entrance and waiting room, three large offices, two bathrooms, and a breakroom, along with updates such as new lighting, laminate flooring, remodeled bathrooms, and fresh paint.
Located on a heavily trafficked street at 912 N Eastern Ave in Las Vegas, the property is positioned near the Downtown Las Vegas business district and close to federal and municipal courts. It is also described as minutes to University Medical Center (UMC), Fremont Experience, and the Las Vegas Strip.
The offering provides a straightforward office layout suitable for professional uses, with ample on-site parking for day-to-day operations.
Located on a heavily trafficked street at 912 N Eastern Ave in Las Vegas, the property is positioned near the Downtown Las Vegas business district and close to federal and municipal courts. It is also described as minutes to University Medical Center (UMC), Fremont Experience, and the Las Vegas Strip.
The offering provides a straightforward office layout suitable for professional uses, with ample on-site parking for day-to-day operations.
Key Highlights
- +/-936 SF remodeled, freestanding office building built in 1960
- Layout includes large entrance and waiting room, 3 large offices, breakroom, and 2 bathrooms
- +/-6,534 SF lot and corner‑lot location with ample parking
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$14,405
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.80%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$288,100
$288.1K
Cap Rate 7%
$205,786
$205.8K
Cap Rate 9%
$160,056
$160.1K
Market Conditions
NOI Build-Up for 936 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$22.5K $24.00/SF
− Vacancy
−$3.3K −$3.48/SF
EGI
$19.2K $20.52/SF
− OpEx
−$4.8K −$5.13/SF
NOI
$14.4K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$288,100
Cap Rate 7%
$205,786
Cap Rate 9%
$160,056
Alternative Uses
Best Use
Office B
$205.8K
$180.1K – $240.1K
NOI $14,405 @ 7.0% cap · market cap 4.80%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$323.4K
$283.0K – $377.3K
NOI $22,640 @ 7.0% cap · market cap 7.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Office units
Location Intelligence
Trade Area within ½ mile
718
Businesses Nearby
Explore this area
Business Placement
Demographics for 89101, NV
42,465
Population
18,258
Households
2.3
Avg Household Size
35
Median Age
11%
College-Educated
66%
High-School Grad
5.4 sq mi
ZIP Area
7,864
Density / Sq Mi
$38,653
Median Household Income
$29,471
Median Earnings
$1,008
Median Rent
$258,100
Median Home Value
Market
Vacancy Rate% for Office in Las Vegas, NV
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Freestanding, remodeled office building with an entrance and waiting room, three offices, two bathrooms, and ample parking.
Where is this office building located?
The property is located at 912 N Eastern Ave Las Vegas, NV.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: +/-936 SF remodeled, freestanding office building built in 1960; Layout includes large entrance and waiting room, 3 large offices, breakroom, and 2 bathrooms; +/-6,534 SF lot and corner‑lot location with ample parking
