720 S 7th St Las Vegas, NV 89101
28,366 SF office building in Downtown Las Vegas.
Property Features for 720 S 7th St
General Information
- Standard status
- Active
- Size
- 28,366 SF
- Lot size
- 0.75 Acres
- Property subtype
- Office
Listing office SVN | The Equity Group (702) 369-4811
Listing date Aug 12, 2024
Source Crexi
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 SVN | The Equity Group
Investment Insights
Based on property information with market context.
Key Highlights
- Prime location in Downtown Las Vegas' historic Lawyers Row, near prominent courts and government facilities.
- +\-28,366 SF three‑story building on an +\-0.56 acre site with additional +\-0.19 acres of uncovered parking.
- Ideal for an Owner/User seeking a professional image in a highly visible location.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $680.8k | $24.00 |
| − Vacancy | −$98.7k | −$3.48 |
| EGI | $582.1k | $20.52 |
| − OpEx | −$145.5k | −$5.13 |
| NOI | $436.6k | $15.39 |
