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    The Largest CRE Database in the US with Over 1 Million Listings

    930 4Th St Las Vegas, NV 89101

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    For Lease
    $68 SF/Yr

    Prestigious Arts District office space, 176-9600 sq ft.

    Lot size:
    9,600 SF

    Property Features for 930 4Th St

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    9,600 SF
    Class
    A
    Total Rate
    54528

    Building Details

    Year Built/Renovated
    1972/2022
    Buildings
    1
    Stories
    2

    Spaces For Lease

    at 930 4Th St, Las Vegas, NV 89101 Contact us
    Unit 208

    $68 /Mo

    Size
    176 SF
    Contact us

    We can help!

    Listing Contact
    Jamie Griffin
    Jamie Griffin

    Listing Agency: Griffin Group Realty Listing Agent: Jamie Griffin

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This Class A, 9,600 square foot executive office building, located at 930 S 4th St, Las Vegas, NV 89101, offers a unique blend of prime location and modern amenities. Built in 1972 and extensively renovated in 2022, the two-story building sits on a 0.48-acre lot in the heart of the Arts District, providing easy access to key government and professional services. The property boasts a convenient location near Las Vegas City Hall, courthouses, and federal buildings, making it ideal for law firms and government-related organizations. Enjoy the proximity to the Golden Nugget, Fremont Street, and the Downtown Events Center, while benefiting from over 25 restaurants within a quarter-mile radius. The building features one elevator, 30 parking spaces, and is served by NV Energy. Currently, there is 345 square feet of vacant space available, with a minimum divisible space of 9,600 square feet and a maximum contiguous space of 9,599 square feet. The property is zoned for General Commercial use and has an APN of 139-34-410-252. This exceptional property presents a rare opportunity to secure a highly desirable office space in a thriving downtown location. The building's recent renovation ensures modern functionality and a comfortable work environment.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    MD360 Electronics & Wireless Store Griffin Group Realty ... Real Estate Agency Vested Title & Escrow Title Company sister 2 sisterlv Charitable Organization Supreme Snackz Specialty Food Shop

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Hair Salon Dental Office Nail Salon Building Supply Law Firm Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.14879096786
    Latitude
    36.159676879965

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    FAQs

    What type of property is this?
    Office Property / Space - Prestigious Arts District office space, 176-9600 sq ft.
    Where is this office property / space located?
    The property is located at 930 4Th St Las Vegas, NV.
    What is the lease rate?
    The lease rate is $68 SF/Yr.
    What are key features of this property?
    This property features: Abundant natural light.; Open floor plan.; 24-hour access with controlled entry.
    (702) 561-1555
    Request Owner's contact information
    930 4Th St Las Vegas, NV 89101
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    Las Vegas, NV 89101
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    930 4Th St Las Vegas, NV 89101
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    Listing Contact
    Jamie Griffin
    Jamie Griffin
    Real Estate License ID: 1001570
    (702) 561-1555
    Learn more
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