Medical/Office Building Near
9970 W Cheyenne Ave Las Vegas, NV 89129
9970 W Cheyenne Ave, Las Vegas, NV, 89129
Contact for pricing
For Sale
Contact for pricing
Freestanding building near Mountain View Hospital and Summerlin Medical Center.
Property Size22,221 SF
Price / SF$416.27
Days on Market633
Property Features for 9970 W Cheyenne Ave
General Information
- Standard status
- Active
- Size
- 22,221 SF
- Property subtype
- Office
Building Details
- Year Built
- 2005
Listing Agency
Berkshire Hathaway HomeServices Nevada Properties Las Vegas
(702) 882-4846
Listed by
Marie Carolyn Manuel · License #NV 0077493
Source
Crexi
Added: Oct 23, 2024 Checked: Jul 16 at 3:30 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 Berkshire Hathaway HomeServices Nevada Properties Las Vegas
Investment Insights
Based on property information with market context.
This freestanding office/medical building is located at 9970 W Cheyenne Ave. The building offers up to 13,107 square feet of space, which can be subdivided into units with a minimum of 3,000 square feet. The property features ample parking and visibility from Cheyenne Ave, with easy access to I-215. It is located close to Mountain View Hospital and Summerlin Medical Center, making it a suitable location for a custom-built office or medical building.
Key Highlights
- Prime location near Mountain View Hospital and Summerlin Medical Center.
- Freestanding office/medical building.
- Up to 13,107 SF available, sub‑dividable into minimum 3,000 SF units.
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 | $533.3k | $24.00 |
| − Vacancy | −$77.3k | −$3.48 |
| EGI | $456.0k | $20.52 |
| − OpEx | −$114.0k | −$5.13 |
| NOI | $342.0k | $15.39 |
22,221 SF · lease $24.00/SF/yr · vacancy 14.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$4.89M
$4.27M – $5.70M
NOI $341,981 @ 7.0% cap · market cap 3.70%
Second Best
Healthcare Medical
$4.21M
$3.68M – $4.91M
NOI $294,384 @ 7.0% cap · market cap 3.18%
Theoretical Best
Specialty Retail
$7.68M
$6.72M – $8.96M
NOI $537,480 @ 7.0% cap · market cap 5.81%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
The ObGyn Center
Physician
Rosie Piacentini
Physician
Saovaros Michaels, MD
Physician
Anita Gondy, MD
Physician
Go Wireless, Inc.
Mobile Phone Store
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FAQs
What type of property is this?
Medical Office Space - Freestanding building near Mountain View Hospital and Summerlin Medical Center.
Where is this medical office space located?
The property is located at 9970 W Cheyenne Ave Las Vegas, NV.
What is the asking price?
The asking price for this property is $9,250,000.
What are key features of this property?
This property features: Prime location near Mountain View Hospital and Summerlin Medical Center.; Freestanding office/medical building.; Up to 13,107 SF available, sub‑dividable into minimum 3,000 SF units.
