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    2700 Chandler Ave Las Vegas, NV 89120

    • Office buildings
    • 11,920 SF
    • 1.05 lot acres
    For Lease
    View listing
    $16 SF/Yr
    Last Sale
    Aug 02, 2022
    $4,200,000
    Value Estimations
    $4,315,000
    Cap Rate Potential
    4.1%
    Office buildings
    Location Intelligence
    Property ID
    US62-0610482
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Stratus Building Solutions of Las Vegas / Janitorial Service / Carpet Cleaning Service
    • APTIM / Environmental Consultant
    • In Town AC Repairs / Hvac Contractor / Air Conditioning Repair Service
    • VizExplorer / Corporate Office
    • ICF-Quality Assurance Lab / Professional Services / Insurance Agency

    Property Details for 2700 Chandler Ave

    Year built
    1987
    Construction
    FRAME
    Lot size
    1.05 lot acres
    Property size
    11,920 SF
    Property type
    Office buildings
    APN
    162-36-410-058
    APU
    16236410058

    Description

    This exceptional office property, 2700 E Chandler Building A, offers a prime location in the Airport Sub-Market, minutes from Harry Reid International Airport and the Las Vegas Strip. The recently renovated (2023) single-story building boasts 11,678 square feet of space, with multiple suites available ranging from 2,168 to 11,290 contiguous square feet. Two brand-new spec suites (A2 at 2,168 sq ft and A1 at 2,340 sq ft) feature private offices, conference rooms, open bullpens, and modern kitchenettes with granite countertops. These suites offer an open layout with LED lighting and multiple exterior windows. Each suite includes two exterior entries and access to newly remodeled common area bathrooms. The building features 6 total suites and is fully sprinklered with ample covered parking. The entire office park recently underwent a $1 million+ renovation, including new exterior paint, upgraded landscaping, and a restriped parking lot. The M-1 zoning allows for light industrial uses, making it suitable for a variety of businesses. Buildings B (~6,000 sq ft) and C (~12,000 sq ft) are also available, ideal for single or multi-tenant occupancy. The property benefits from 600 AMP single-phase power and easy access to I-15 and the 215 Beltway, along with nearby dining, shopping, and Sunset Regional Park.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $4,750,000
      ML approach
      $4,860,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,260,000
      6.5%
      $3,010,000
      7%
      $2,795,000

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $3,000,000
      Current use
      COMMERCIAL (GENERAL)
      $7,540,000
      Change: +152% Conversion: Easy
      AUTO REPAIR, GARAGE
      $6,620,000
      Change: +121% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $5,175,000
      Change: +73% Conversion: Difficult
      RETAIL STORES
      $4,455,000
      Change: +49% Conversion: Moderate
      MEDICAL BUILDING
      $3,280,000
      Change: +9% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.113
    Latitude
    36.0746
    CBSA code
    29820
    CBSA name
    LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2021
    $7,487
    $112,058
    $277,300
    $389,358
    -
    $320,166
    $792,286
    $1,112,452

    Comparable in this City

    • Value Estimation
      $390,000
      1,583 SF

      3199 Warm Spgs Rd Ste, Unit 300

      OFFICE BUILDING • 1,583 SF
      3199 Warm Spgs Rd Ste, Las Vegas, NV 89120-3150
      View Details
    • Value Estimation
      $420,000
      1,925 SF

      3624 Russell Rd

      OFFICE BUILDING • 1,925 SF
      3624 Russell Rd, Las Vegas, NV 89120-2203
      View Details
    • Value Estimation
      $295,000
      1,178 SF

      3674 Sunset Rd

      OFFICE BUILDING • 1,178 SF
      3674 Sunset Rd, Las Vegas, NV 89120-7234
      View Details
    • Value Estimation
      $295,000
      1,178 SF

      3674 Sunset Rd

      OFFICE BUILDING • 1,178 SF
      3674 Sunset Rd, Las Vegas, NV 89120-7234
      View Details
    • Value Estimation
      $295,000
      1,178 SF

      3632 Sunset Rd

      OFFICE BUILDING • 1,178 SF
      3632 Sunset Rd, Las Vegas, NV 89120-7239
      View Details
    • Value Estimation
      $285,000
      1,178 SF

      3620 Sunset Rd

      OFFICE BUILDING • 1,178 SF
      3620 Sunset Rd, Las Vegas, NV 89120-7233
      View Details

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    2700 Chandler Ave
    Las Vegas, NV 89120
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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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