Office Condominium at Conquistador
9960 West Cheyenne Avenue Suite 220/212 Las Vegas, NV 89129
9960 West Cheyenne Avenue Suite 220/212, Las Vegas, NV, 89129
$500,000
For Sale
$500,000
Versatile office condo built in 2002, suited for office, creative, or loft use under Planned Development District zoning.
Property Size1,125 SF
Price / SF$444.44
Days on Market50
Property Features for 9960 West Cheyenne Avenue Suite 220/212
General Information
- Standard status
- Active
- Size
- 1,125 SF
- Property subtype
- Office
Building Details
- Year Built
- 2002
Listing agency
SVN | The Equity Group
(702) 885-7383
Listed by
Pete Janemark, CCIM · License #NV #S.76731
(702) 885-7383
Source
Svn-theequitygroup
Added: Jun 2 Updated: Jul 10 at 1:47PM Checked: Jul 21 at 3:41AM
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.
Located within Conquistador Plaza, this office condominium offers a flexible, professionally finished space configured for a range of uses. Built in 2002, the 1,125 SF unit is presented as a condo, which can appeal to both owner-users and investors seeking control over their real estate asset. The layout is well-suited for traditional office requirements, and it can also support creative or loft-style use, depending on a tenant’s or operator’s needs.
The property is positioned at the edge of Summerlin within the Las Vegas area, offering a convenient setting for businesses serving local demand. Zoning is designated as Planned Development District (PD) by the City of Las Vegas, providing an important framework for prospective buyers evaluating permitted operating parameters.
From a buyer’s perspective, this is a straightforward acquisition for someone who wants an office condominium rather than a leased space, with the flexibility to tailor the environment for office, creative, or loft use. For investors, the condo format can offer a more direct path to long-term ownership, with the added advantage of a versatile interior footprint aligned to multiple professional concepts. The combination of modern construction, condo ownership, and PD zoning makes the unit a practical option to evaluate for the right user or investment strategy.
The property is positioned at the edge of Summerlin within the Las Vegas area, offering a convenient setting for businesses serving local demand. Zoning is designated as Planned Development District (PD) by the City of Las Vegas, providing an important framework for prospective buyers evaluating permitted operating parameters.
From a buyer’s perspective, this is a straightforward acquisition for someone who wants an office condominium rather than a leased space, with the flexibility to tailor the environment for office, creative, or loft use. For investors, the condo format can offer a more direct path to long-term ownership, with the added advantage of a versatile interior footprint aligned to multiple professional concepts. The combination of modern construction, condo ownership, and PD zoning makes the unit a practical option to evaluate for the right user or investment strategy.
Key Highlights
- 1,125 SF office condominium in Conquistador Plaza
- Built in 2002
- Versatile space suited for office, creative, or loft use
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 | $27.0k | $24.00 |
| − Vacancy | −$3.9k | −$3.48 |
| EGI | $23.1k | $20.52 |
| − OpEx | −$5.8k | −$5.13 |
| NOI | $17.3k | $15.39 |
1,125 SF · lease $24.00/SF/yr · vacancy 14.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$247.3K
$216.4K – $288.6K
NOI $17,314 @ 7.0% cap · market cap 3.46%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$388.7K
$340.1K – $453.5K
NOI $27,211 @ 7.0% cap · market cap 5.44%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
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
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Versatile office condo built in 2002, suited for office, creative, or loft use under Planned Development District zoning.
Where is this office units located?
The property is located at 9960 West Cheyenne Avenue Suite 220/212 Las Vegas, NV.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: 1,125 SF office condominium in Conquistador Plaza; Built in 2002; Versatile space suited for office, creative, or loft use
