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    3753 Howard Hughes Pkwy Las Vegas, NV 89169

    • Office Properties & Spaces
    • 20,269 SF
    For Lease
    View listing
    $56 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • ZBlue Diamond Investment / Health Food Store / Food Products Supplier
    • Sanmina-Sci Corporation / Electronics Store
    • Luxury House Investor LLC / Real Estate Consultant / Cash And Carry Wholesaler
    • Weiss & Moy PC / Attorney
    • Litchfield Cavo LLP / Law Firm

    Property Details for 3753 Howard Hughes Pkwy

    Property size
    20,269 SF
    Property type
    Office Properties & Spaces
    Property subtype
    Office space

    Description

    This exceptional Class A office space, located at 3753 Howard Hughes Parkway, Suite 200, Las Vegas, NV 89169, offers a variety of flexible workspace solutions. The 20,269 square foot building boasts 350 suites, with a minimum divisible space of 10 square feet and a maximum contiguous space of 1,300 square feet. Currently, 5,970 square feet are available. The property, renovated in 2019, features modern amenities including elevators. Its prime location in Clark County provides easy access to McCarran International Airport, the University of Nevada, Downtown Las Vegas, the Las Vegas Convention Center, and the Las Vegas Strip. The building's central location between Flamingo Road and Sands Avenue ensures convenient access for clients and employees. The sophisticated and professional atmosphere, complemented by a relaxed business lounge, creates an ideal environment for businesses of all sizes. Enjoy stunning views of the Las Vegas cityscape from your office. This is a truly unique opportunity to establish a presence in one of Las Vegas's most desirable business locations. The property is categorized as Executive Office, Coworking, and Creative Office space, offering a versatile solution for diverse business needs.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.133
    Latitude
    36.1295

    Comparable in this City

    • Value Estimation by Request
      4,600 SF

      3847 Eastern Ave

      Office space • 4,600 SF
      3847 Eastern Ave, Las Vegas, NV 89169
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    • Value Estimation by Request
      2,061 SF

      3650 Eastern Ave

      Office space • 2,061 SF
      3650 Eastern Ave, Las Vegas, NV 89169
      View Details
    • Value Estimation by Request
      8,600 SF

      3650 Eastern Ave

      Retirement homes • 8,600 SF
      3650 Eastern Ave, Las Vegas, NV 89169
      View Details
    • Value Estimation by Request

      1325 Vegas Valley Dr

      Medical offices
      1325 Vegas Valley Dr, Las Vegas, NV 89169
      View Details
    • Value Estimation
      $240,000
      1,377 SF

      1711 Desert Inn Rd

      MEDICAL BUILDING • 1,377 SF
      1711 Desert Inn Rd, Las Vegas, NV 89169-3201
      View Details
    • Value Estimation
      $1,325,000
      59,156 SF

      3930 Howard Hughes Pkwy

      OFFICE BUILDING • 59,156 SF
      3930 Howard Hughes Pkwy, Las Vegas, NV 89169-0943
      View Details

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    Similar Nearby for Lease

    • $56 SF/Yr
      20,269 SF

      Las Vegas Executive Office Suites

      Class A Office Space, Flexible Terms
      3753 Howard Hughes Pkwy, Las Vegas, NV 89169
      View Details
    • $35 SF/Yr
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      Howard Hughes Parkway Office Space

      Office space available in the Hughes Center, Las Vegas.
      3993 Howard Hughes Pkwy, Las Vegas, NV 89169
      View Details
    • $33 SF/Yr
      2,107 SF

      Office Space in Hughes Center

      Office space available for rent in Howard Hughes Parkway.
      3770 Howard Hughes Pkwy, Las Vegas, NV 89169
      View Details
    • $36 SF/Yr
      18,931 SF

      Office Space in Hughes Center

      Office space available in a collaborative community.
      3980 Howard Hughes Pkwy, Las Vegas, NV 89169
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    • $34 SF/Yr
      18,080 SF

      Office Space in Hughes Center

      Office space available in the Hughes Center, Las Vegas.
      3773 Howard Hughes Pkwy, Las Vegas, NV 89169
      View Details
    • $33 SF/Yr
      1,967 SF

      Office Space in Hughes Center

      Office space available in a collaborative community.
      3763 Howard Hughes Pkwy, Las Vegas, NV 89169
      View Details
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    Las Vegas, NV 89169
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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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