Property profile

1600 Desert Inn Rd Las Vegas, NV 89169

OFF-MARKET
Office buildings
Property ID
US62-1305662
15,954 SF 0.27 ac lot Built 1977
Entity Owned 6-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional two-story office building, totaling 15,954 square feet, offers a variety of flexible office spaces perfect for medical practices or traditional businesses. Located in Clark County's desirable Medical office submarket, this Class C building boasts a prime location, just five minutes from the Las Vegas Convention Center and adjacent to Sunrise Hospital and Medical Center. Recently renovated in 2023, the property features 61 parking spaces and elevator access for convenient accessibility. Individual suites range from a minimum of 150 square feet to a maximum contiguous space of 565 square feet, with 1,907 square feet currently vacant and available for lease. The building is zoned H-1 and features multiple tenancies. Utilities, excluding Wi-Fi, are included in the lease. Month-to-month lease options are available, providing ultimate flexibility. The building was originally constructed in 1977, ensuring a blend of established infrastructure and modern updates. The property is conveniently located near the intersection of Desert Inn and Maryland Parkway, offering excellent visibility and accessibility. This is an unparalleled opportunity to secure high-quality office space in a thriving medical hub. APN: 162-11-411-110;162-11-411-111.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1977
Construction FRAME
Total area 15,954 SF
Lot 0.27 ac (11,761 SF)
APN 162-11-411-111
UPID US62-1305662

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Community Center
  • Accounting Firm
  • Crisis Center Medical Clinic
  • Theater & Performing Art Venue Music Venue
  • Advertising Agency Marketing & Advertising

Location

1600 Desert Inn Rd Las Vegas, NV 89169-2525
Las Vegas metro Census 1902 LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$580k

Owner & transaction history

since 2019
7 recorded transactions
2019
Price N/A
2019
$1.8M
2007
$1.6M
2004
Price N/A
2003
$950,000
1998
$970,000
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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