Commercial Property on Eastern
3847 S Eastern Ave Las Vegas, NV 89169
3847 S Eastern Ave, Las Vegas, NV, 89169
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For Sale
Contact for pricing
Commercial property with C-P zoning, suitable for office or retail.
Property Size4,600 SF
Price / SF$172.83
Days on Market960
Property Features for 3847 S Eastern Ave
General Information
- Standard status
- Active
- Size
- 4,600 SF
- Property subtype
- Office
Building Details
- Year Built
- 1978
Listing Agency
International Realty LV
(702) 248-1818
Listed by
Lawrence Strychalski · License #NV B.1003087
Source
Crexi
Added: Nov 30, 2023 Checked: Jul 16 at 9:37 am
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 International Realty LV
Investment Insights
Based on property information with market context.
The property, currently operating as a house with a swimming pool and a jacuzzi, is zoned C-P (commercial professional) and suitable for office or retail use. It is located on Eastern Avenue, a major street, and is very close to Flamingo Avenue. The location is central, with an 8-minute drive to the airport and a 5-minute drive to the Las Vegas Strip. The property is situated on the west side of Eastern Avenue, north of Flamingo Road. The property size is 4,600 square feet.
Key Highlights
- Commercial zoning (C‑P) allows for office or retail use.
- Excellent central location: 8 minutes to the airport, 5 minutes to the Las Vegas Strip.
- Owner financing available with 35% down payment.
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 | $110.4k | $24.00 |
| − Vacancy | −$16.0k | −$3.48 |
| EGI | $94.4k | $20.52 |
| − OpEx | −$23.6k | −$5.13 |
| NOI | $70.8k | $15.39 |
4,600 SF · lease $24.00/SF/yr · vacancy 14.50% · expense 25.00%
Alternative Uses
Best Use
Retail
$1.48M
$1.30M – $1.73M
NOI $103,847 @ 7.0% cap · market cap 13.06%
Second Best
Office B
$1.01M
$884.9K – $1.18M
NOI $70,794 @ 7.0% cap · market cap 8.90%
Theoretical Best
Specialty Retail
$1.59M
$1.39M – $1.85M
NOI $111,265 @ 7.0% cap · market cap 14.00%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office Spaces
Similar For Sale Nearby
Similar Off Market Nearby
- OBETEC — 1810 E Sahara Ave SUITE 765, Las Vegas, NV 89104
- LVCELLFIX — 2520 S Eastern Ave #5, Las Vegas, NV 89169
- Las Vegas Projectors — 2522 Palma Vista Ave, Las Vegas, NV 89121
- Unlimited Systems Solutions LLC — 1810 E Sahara Ave #212, Las Vegas, NV 89104
FAQs
What type of property is this?
Office space - Commercial property with C-P zoning, suitable for office or retail.
Where is this office space located?
The property is located at 3847 S Eastern Ave Las Vegas, NV.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: Commercial zoning (C‑P) allows for office or retail use.; Excellent central location: **8 minutes to the airport, 5 minutes to the Las Vegas Strip.**; Owner financing available with 35% down payment.
