Ground-Floor Office
9960 W CHEYENNE AVE Las Vegas, NV 89129
New
For Sale
Contact for pricing
Ground-floor office suite with reception, waiting room, conference room, six windowed offices, cubicles, and two entrances.
Property Size2,550 SF
Price / SF$431.37
Days on Market3
Property Features for 9960 W CHEYENNE AVE
General Information
- Standard status
- Active
- Size
- 2,550 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2002
Listing Agency:
SVN | The Equity Group
(702) 885-7383
Listed By:
Pete Janemark · License #NV S.0076731
Source:
Crexi
Added: Jul 23
Changed: Jul 25
Last Checked: Jul 25 at 6:37AM
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.
This ground-floor off-lobby office condo is laid out for front-office reception and team work. The unit includes a reception area and waiting room, a large conference room, six large windowed offices, four cubicles, a copy/document room, an IT closet, and a break room.
The suite has one public entrance directly off the lobby and one private entrance, supporting separate guest and internal access.
With a mix of offices, open workstations, and meeting space, the layout is designed to support day-to-day operations from a single ground-floor suite.
The suite has one public entrance directly off the lobby and one private entrance, supporting separate guest and internal access.
With a mix of offices, open workstations, and meeting space, the layout is designed to support day-to-day operations from a single ground-floor suite.
Key Highlights
- Ground‑floor off‑lobby office condo with direct access from the lobby and a separate private entrance
- Reception area and waiting room at the main public entry
- Large conference room for meetings and client discussions
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 | $61.2k | $24.00 |
| − Vacancy | −$8.9k | −$3.48 |
| EGI | $52.3k | $20.52 |
| − OpEx | −$13.1k | −$5.13 |
| NOI | $39.2k | $15.39 |
2,550 SF · lease $24.00/SF/yr · vacancy 14.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$560.6K
$490.6K – $654.1K
NOI $39,245 @ 7.0% cap · market cap 3.57%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$881.1K
$771.0K – $1.03M
NOI $61,679 @ 7.0% cap · market cap 5.61%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Kelly Graham - Merit ...
Loan Service
Scholer and Sons LLC
Big Box & Wholesale Store
AMS Insurance
Insurance Agency
399WEBDESIGN
Marketing & Advertising
Bowen Law Offices
Law Firm
FAQs
What type of property is this?
Office units - Ground-floor office suite with reception, waiting room, conference room, six windowed offices, cubicles, and two entrances.
Where is this office units located?
The property is located at 9960 W CHEYENNE AVE Las Vegas, NV.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Ground‑floor off‑lobby office condo with direct access from the lobby and a separate private entrance; Reception area and waiting room at the main public entry; Large conference room for meetings and client discussions
