Downtown Las Vegas Office
For Sale
Contact for pricing
730 S Las Vegas Blvd, Las Vegas, NV 89101
Office condos for sale in downtown Las Vegas.
Property Size3,679 SF
Price / SF$245
Days on Market1289
Property Features for 730 S Las Vegas Blvd
General Information
Standard status
Active
Size
3,679 SF
Property subtype
Office
Zoning
C2
Building Details
Year Built
1963
Stories
2
Listing Agency:
IREPLV LLC
Listed By:
Mike Young · License #B.0146036.LLC
Source:
Crexi
Added: Feb 16, 2023
Changed: Aug 22
Last Checked: Aug 26 at 5:57AM
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 IREPLV LLC
Investment Insights
Based on property information with market context.
Located in the heart of downtown Las Vegas, The Office @ 730 S. Las Vegas Blvd is a 2-story office building with approximately 40,342 square feet of space. Situated at the corner of Gass Avenue and Las Vegas Boulevard, the building offers accessibility to federal and municipal courthouses, the Medical District, Symphony Park, the Arts District, and Fremont Street. Office condos are available for sale on both the first and second floors. Available first-floor suites include Suite 101 with approximately 3,679 square feet, Suite 102 with approximately 2,817 square feet, Suite 103 with approximately 2,723 square feet, Suite 105 with approximately 3,259 square feet, and Suite 106 with approximately 3,619 square feet. Available second-floor suites include Suite 201 with approximately 3,662 square feet, Suite 202 with approximately 2,905 square feet, Suite 203 with approximately 2,702 square feet, Suite 204 with approximately 4,503 square feet, Suite 205 with approximately 2,954 square feet, and Suite 206 with approximately 3,742 square feet.
Key Highlights
- Office condos for sale in Downtown Las Vegas.
- Located in the heart of downtown at the corner of Gass Avenue and Las Vegas Boulevard.
- +40,342 sq. ft. office building.
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
$56,620
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
6.28%
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%
$1,132,400
$1.1M
Cap Rate 7%
$808,857
$808.9K
Cap Rate 9%
$629,111
$629.1K
Market Conditions
NOI Build-Up for 3,679 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
$88.3K $24.00/SF
− Vacancy
−$12.8K −$3.48/SF
EGI
$75.5K $20.52/SF
− OpEx
−$18.9K −$5.13/SF
NOI
$56.6K $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%
$1,132,400
Cap Rate 7%
$808,857
Cap Rate 9%
$629,111
Alternative Uses
Best Use
Office B
$808.9K
$707.8K – $943.7K
NOI $56,620 @ 7.0% cap · market cap 6.28%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.27M
$1.11M – $1.48M
NOI $88,987 @ 7.0% cap · market cap 9.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,095
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 units - Office condos for sale in downtown Las Vegas.
Where is this office units located?
The property is located at 730 S Las Vegas Blvd Las Vegas, NV.
What is the asking price?
The asking price for this property is $901,355.
What are key features of this property?
This property features: Office condos for sale in Downtown Las Vegas.; Located in the heart of downtown at the corner of Gass Avenue and Las Vegas Boulevard.; +40,342 sq. ft. office building.
