Office Condominium
For Sale
$1,100,000
9960 West Cheyenne Avenue Suite 190, Las Vegas, NV 89129
The suite is located within a Planned Development District (PD).
Property Size2,550 SF
Days on Market78
Property Features for 9960 West Cheyenne Avenue Suite 190
General Information
Standard status
Active
Size
2,550 SF
Class
A
Property subtype
Office
Zoning
PD
Site & Location
Neighborhood
Lone Mountain
Building Details
Building Size
2,550 SF
Year Built
2002
Listing Agency:
SVN | The Equity Group
Listed By:
Pete Janemark, CCIM · License #NV #S.76731
(702) 885-7383
Source:
Svn
Added: Aug 8
Changed: Oct 5
Last Checked: Oct 23 at 3:58AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Suite 190 is an office condominium at 9960 West Cheyenne Avenue in Las Vegas, Nevada. The property was built in 2002 and is identified within a Planned Development District (PD).
Key Highlights
- Suite 190 office condominium
- Built in 2002
- Planned Development District (PD) zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,245
Cap Rate
3.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$784,900
$784.9K
Cap Rate 7%
$560,643
$560.6K
Cap Rate 9%
$436,056
$436.1K
Market Conditions
NOI Build-Up for 2,550 SF
Gross rent
$61.2K $24.00/SF
− Vacancy
−$8.9K −$3.48/SF
EGI
$52.3K $20.52/SF
− OpEx
−$13.1K −$5.13/SF
NOI
$39.2K $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%
$784,900
Cap Rate 7%
$560,643
Cap Rate 9%
$436,056
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 authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
355
Businesses Nearby
Explore this area
Business Placement
Demographics for 89129, NV
54,067
Population
21,941
Households
2.5
Avg Household Size
39
Median Age
33%
College-Educated
93%
High-School Grad
10.0 sq mi
ZIP Area
5,407
Density / Sq Mi
$87,544
Median Household Income
$48,690
Median Earnings
$1,767
Median Rent
$420,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Las Vegas, NV
Frequently Asked Questions
What type of property is this?
Office unit - The suite is located within a Planned Development District (PD).
Where is this office unit located?
The property is located at 9960 West Cheyenne Avenue Suite 190 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: Suite 190 office condominium; Built in 2002; Planned Development District (PD) zoning
