1901-1903 Jones Blvd Las Vegas, NV 89146
This exceptional Class A medical office building, totaling 14,065 square feet, presents a unique sale/leaseback investment opportunity in Las Vegas, Nevada. Located at 1901-1903 South Jones Boulevard, this property boasts a prime location within the heart of the city's thriving medical and professional services corridor, strategically positioned near major thoroughfares with a combined traffic count of approximately 74,600 vehicles per day. Built in 1993 and extensively renovated in 2023, the building features premium tenant improvements and a new, long-term market-rate lease with a well-established medical practice specializing in primary care, personal injury, weight loss, and med spa services. The property sits on a 1.12-acre lot (APN 163-02-721-007) and is zoned for Professional Office (P-R). The asking price is $4,500,000, with a pro-forma NOI of $360,000. Its proximity to the Las Vegas Strip (four miles), Harry Reid International Airport (ten-minute drive), and major freeways (Interstate 15 and Highway 95) provides unparalleled accessibility and visibility. This investment offers a compelling combination of strong tenant occupancy, a desirable location, and significant upside potential. The property's recent renovations ensure modern amenities and functionality, making it an attractive asset for discerning investors seeking a stable, high-performing medical office investment.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.