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 Size5,540 SF
Price / SF$245
Days on Market1341
Property Features for 730 S Las Vegas Blvd
General Information
Standard status
Active
Size
5,540 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: Oct 18
Last Checked: Oct 16 at 8:54AM
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
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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 a total area of 40,342 square feet. 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 3,679 square feet, Suite 102 with 2,817 square feet, Suite 103 with 2,723 square feet, Suite 105 with 3,259 square feet, and Suite 106 with 3,619 square feet. Available second-floor suites include Suite 201 with 3,662 square feet, Suite 202 with 2,905 square feet, Suite 203 with 2,702 square feet, Suite 204 with 4,503 square feet, Suite 205 with 2,954 square feet, and Suite 206 with 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.
- Accessibility to federal & municipal courthouses, the Medical District, Symphony Park, the Arts District, and Fremont Street.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$85,261
Cap Rate
6.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,705,220
$1.7M
Cap Rate 7%
$1,218,014
$1.2M
Cap Rate 9%
$947,344
$947.3K
Market Conditions
NOI Build-Up for 5,540 SF
Gross rent
$133.0K $24.00/SF
− Vacancy
−$19.3K −$3.48/SF
EGI
$113.7K $20.52/SF
− OpEx
−$28.4K −$5.13/SF
NOI
$85.3K $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 Rate 5%
$1,705,220
Cap Rate 7%
$1,218,014
Cap Rate 9%
$947,344
Alternative Uses
Best Use
Office B
$1.22M
$1.07M – $1.42M
NOI $85,261 @ 7.0% cap · market cap 6.28%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.91M
$1.68M – $2.23M
NOI $134,001 @ 7.0% cap · market cap 9.87%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Las Vegas, NV
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 $1,357,300.
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.; Accessibility to federal & municipal courthouses, the Medical District, Symphony Park, the Arts District, and Fremont Street.
