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    Jones Blvd Spring Valley, NV 89118
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    Property profile & analytics

    Jones Blvd Spring Valley, NV 89118

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    • Office properties & Spaces
    • 8,100 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office properties & Spaces

    Property Details for 0 Jones Blvd

    Year built
    2024
    Property size
    8,100 SF
    Property type
    Office properties & Spaces
    Property subtype
    Medical Office Space

    Description

    This exceptional, brand-new, single-story office complex in Las Vegas, Nevada, presents a unique owner-user investment opportunity. Located on Jones Blvd, less than a mile from the I-215 Beltway, this property boasts unparalleled visibility and accessibility within the rapidly expanding Southwest Business District. The 8,100 square foot building, completed in 2024, features three units, offering a flexible layout ideal for medical or traditional office use. With a C-P zoning permit, the property provides ample parking directly in front, eliminating the need for a parking garage. The meticulously designed landscaping and high-quality exterior finishes create a professional and inviting atmosphere. Enjoy 300 feet of direct street frontage on Jones Blvd, ensuring maximum visibility to an estimated 35,000 daily drivers. The convenient location offers easy access to Summerlin and Green Valley, with a 12-minute drive time in either direction via I-215. This is a rare opportunity to acquire a premium, single-story office building in a high-demand area, offering both exceptional functionality and significant investment potential. The asking price is $3,199,500, with a price per square foot of $395. The property is vacant and ready for immediate occupancy, with an occupancy date of April 29, 2024. The APN is 163-35-602-006. This is a Class B building.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Spring Valley
    County
    Clark
    State
    Nevada
    Longitude
    -115.225
    Latitude
    36.0784

    Comparable in this City

    • Value Estimation by Request
      4,000 SF

      5955 Jones Blvd

      Medical Office Space • 4,000 SF
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    • Value Estimation
      $905,000
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      5980 Jones Blvd

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    • Value Estimation by Request
      20,316 SF

      5815 Rainbow Blvd

      MEDICAL BUILDING • 20,316 SF
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    • Value Estimation
      $4,355,000
      27,100 SF

      5495 Rainbow Blvd

      MEDICAL BUILDING • 27,100 SF
      5495 Rainbow Blvd, Las Vegas, NV 89118-1871
      View Details
    • Value Estimation
      $840,000
      4,972 SF

      6020 Jones Blvd

      MEDICAL BUILDING • 4,972 SF
      6020 Jones Blvd, Las Vegas, NV 89118-2619
      View Details
    • Value Estimation
      $625,000
      3,251 SF

      6265 Rainbow Blvd

      MEDICAL BUILDING • 3,251 SF
      6265 Rainbow Blvd, Las Vegas, NV 89118-3205
      View Details

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    Similar Nearby for Lease

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      Reno Jones Medical Office Space

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      Restaurant Space Available in Las Vegas

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      Functional Southwest Industrial/Office Flex Space

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    Spring Valley, NV 89118
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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