4955 Durango DrLas Vegas, NV 89113

Property Details for 4955 Durango Dr

Year built

1999

Construction

CONCRETE

Lot size

3.99 AC

Property size (Sq ft)

55,322 SF

Property type

Office properties

Property subtype

Office buildings

APN

163-29-501-007

APU

16329501007

Description

This exceptional Las Vegas office property, located at 4955 S Durango Drive, offers a diverse range of spaces ideal for businesses seeking a prominent Westside location. The single-story building encompasses 51,582 square feet and is situated on the southwest corner of West Tropicana Avenue and South Durango Drive, providing convenient access to the Tropicana/CC-215 freeway exit (less than half a mile away). The property is zoned C-1 and is currently available for multiple tenancies. Flexible space options cater to various business needs, with available units ranging from a minimum of 696 square feet up to larger spaces previously occupied, offering both executive and creative office suites. Currently, 696 square feet of space is immediately available. This prime location in Clark County, Nevada (zip code 89113), presents a compelling opportunity for businesses seeking a well-connected and versatile workspace. The building's design and location make it an attractive option for companies looking to establish or expand their presence in the vibrant Las Vegas market. The property's convenient freeway access ensures easy commutes for employees and clients alike.

• CAP approach

  CAP return

  Valuation

  6%

  $12,018,452

  6.5%

  $11,093,956

  7%

  $10,301,530

• Comparable approach

  Method

  Valuation

  Relative Method

  $11,083,763

  Geo Method

  $11,083,763

• Alternative Use

  Use

  Valuation

  Residential

  $13,756,505

  Hospitality

  $12,600,885

  Educational

  $10,483,788

  Medical

  $10,844,342

  Retail

  $16,308,115

Location Insight

City

Las Vegas

County

Clark

State

Nevada

Latitude

36.099

Longitude

-115.28

CBSA code

29820

CBSA name

LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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