Vacant Building in Cheyenne
3280 N Cimarron Rd Las Vegas, NV 89129
3280 N Cimarron Rd, Las Vegas, NV, 89129
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For Sale
Contact for pricing
Vacant building in mixed-use campus near medical facilities.
Property Size36,200 SF
Price / SF$249.99
Days on Market755
Property Features for 3280 N Cimarron Rd
General Information
- Standard status
- Active
- Size
- 36,200 SF
- Property subtype
- Office
Building Details
- Year Built
- 2000
Listing Agency
Cushman & Wakefield - Las Vegas, Nevada
(702) 605-1549
Listed by
Marlene Fujita · License #S.0054013
Source
Crexi
Added: Jun 27, 2024 Updated: Jul 6 at 8:06 am Checked: Jul 20 at 6:10 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 Cushman & Wakefield - Las Vegas, Nevada
Investment Insights
Based on property information with market context.
Located within Cheyenne Corporate Center, the vacant building at 3280 N. Cimarron Road (Building Four) is available for acquisition. Building Four is part of a mixed-use campus comprising nine buildings with office, medical office, and retail tenants. The entire campus encompasses approximately 321,245 square feet across nine parcels and is managed by a commercial association responsible for the common areas, which reduces management responsibilities for individual building owners. Other occupants within the center include the State of Nevada Physical Therapy Board, SimonMed, Davita, TPx/MPower Communications, and Dennett Winspear Attorneys at Law. Cheyenne Corporate Center has historically attracted medical tenants due to its proximity to medical facilities, including the approximately 425-bed Mountainview Hospital (Sunrise Health System), the Optum (United HealthGroup) multi-building campus, and the recently opened UNLV Health clinic. The property offers convenient access to US 95 (one mile East) and I-215 (3.5 miles West), providing a central location for the North, Northwest, and West trade areas. The building has a size of 36,200 square feet.
Key Highlights
- Located within Cheyenne Corporate Center, a well‑established mixed‑use campus.
- Proximity to Mountainview Hospital, Optum, and UNLV Health clinic, attracting medical tenants.
- Minimal management required due to commercial association.
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 | $868.8k | $24.00 |
| − Vacancy | −$126.0k | −$3.48 |
| EGI | $742.8k | $20.52 |
| − OpEx | −$185.7k | −$5.13 |
| NOI | $557.1k | $15.39 |
36,200 SF · lease $24.00/SF/yr · vacancy 14.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$7.96M
$6.96M – $9.29M
NOI $557,118 @ 7.0% cap · market cap 6.16%
Second Best
Healthcare Medical
$6.85M
$5.99M – $7.99M
NOI $479,578 @ 7.0% cap · market cap 5.30%
Theoretical Best
Specialty Retail
$12.51M
$10.95M – $14.59M
NOI $875,604 @ 7.0% cap · market cap 9.68%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
LogistiCare - Nevada
Freight Service
TSD Global
Telecommunications Service
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Vacant building in mixed-use campus near medical facilities.
Where is this office building located?
The property is located at 3280 N Cimarron Rd Las Vegas, NV.
What is the asking price?
The asking price for this property is $9,049,638.
What are key features of this property?
This property features: Located within Cheyenne Corporate Center, a well‑established mixed‑use campus.; Proximity to Mountainview Hospital, Optum, and UNLV Health clinic, attracting medical tenants.; Minimal management required due to commercial association.
