2200 Rancho Dr Las Vegas, NV 89102
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125,884 SF, 87% Occupancy, High NOI
Property size:
125,884 SFProperty Features for 2200 Rancho Dr
General Information
- Property type
- Office Properties & Spaces
- Square Feet
- 125,884 SF
- Class
- B
- Lot Size
- 97,139 SF
Building Details
- Buildings
- 2
- Stories
- 2
Listing Agency: CBRE Las Vegas Listing Agent: Michael Hsu
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional investment opportunity presents two Class B office buildings totaling 125,884 net rentable square feet, situated on a 2.23-acre lot in Las Vegas, NV. Built in 1980 and 2004, the property boasts a strong 87% occupancy rate and a substantial net operating income (NOI) of $1,302,602, yielding an 8.00% cap rate. The asking price is $16,300,000, translating to $129.48 per square foot. The property features a diverse tenant mix, including legal firms, State of Nevada agencies, healthcare providers, a trade school, and unions, offering a stable and diversified income stream with built-in annual rent increases. Its prime location offers convenient access to I-15 freeway at Sahara Avenue, placing it within close proximity to Downtown Las Vegas, the Las Vegas Strip, and Harry Reid International Airport. The property is adjacent to the Las Vegas Medical District, a burgeoning hub of healthcare services, including major hospitals, medical schools, and dental schools. This presents a significant value-add opportunity through potential medical office conversion, capitalizing on the strong and growing demand for medical office space in the area. The property's proximity to the Regional Justice Center and other federal courts further enhances its appeal. The surrounding area offers abundant amenities, including dining, retail, hotels, and banking services. This is a rare chance to acquire a well-positioned, cash-flowing asset with significant upside potential.
Property Profile
Location Intelligence
Current Use by Public Records
Appeals Office
State Government Office
AMS Center
Medical Clinic
Concentra Advanced Specialists
Physician
Manual Therapy Consultants
Physician
Attorney For Injured Workers
State Government Office
Location Insight
- Map
- Local Demand
- City
- Las Vegas
- County
- Clark
- State
- Nevada
- Longitude
- -115.1726583
- Latitude
- 36.1468703
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FAQs
What type of property is this?
Office Property / Space - 125,884 SF, 87% Occupancy, High NOI
Where is this office property / space located?
The property is located at 2200 Rancho Dr Las Vegas, NV.
What is the asking price?
The asking price for this property is $16,300,000.
What are key features of this property?
This property features: Two Class B office buildings totaling 125,884 net rentable square feet on a 2.23-acre lot in Las Vegas, NV.; 87% occupancy, $1,302,602 NOI, 8.00% cap rate, $16,300,000 asking price ($129.48/SF).; Strong tenant mix including legal, state agencies, healthcare, and education, providing stable income with built-in rent increases.
