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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1925 Vlg Ctr Cir Las Vegas, NV 89134-6260

    • Office buildings
    • 9,846 SF
    • 0.95 lot acres
    OFF-MARKET
    Last Sale
    Jan 21, 2022
    $3,675,000
    Value Estimations
    $3,750,000
    Show details
    Cap Rate Potential
    3.9%
    Office buildings
    Location Intelligence
    Property ID
    US62-0073378
    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

    • The Progeny Photo / Photography Service
    • Jeffrey S Barta, LLC / Real Estate Consultant
    • Doug Sawyer REALTOR / Real Estate Agent
    • Cofield Real Estate LLC / Real Estate Agency
    • Cultivate Academics / Educational Consultant

    Property Details for 1925 Vlg Ctr Cir

    Year built
    2005
    Construction
    FRAME
    Lot size
    0.95 lot acres
    Property size
    9,846 SF
    Property type
    Office buildings
    APN
    138-19-720-002
    APU
    13819720002

    Description

    This exceptional 4,056 square foot office space, located at 1925 Village Center Circle in the prestigious Hills Center Business Park of Summerlin, Las Vegas, Nevada, is now available for lease. The suite, designated as Suite 150, is an endcap unit offering a versatile layout ideal for a variety of businesses. The space includes twelve private offices, providing ample room for individual work or team collaboration. In addition to the private offices, there is open space perfect for a collaborative work environment or flexible use. A convenient break room and restrooms are also included within the suite. The property is zoned P-C and features a minimum divisible space of 120 square feet, making it suitable for businesses of various sizes. The total building size is 9,734 square feet, and the property is situated near the intersection of Summerlin Parkway and Town Center. The property's address is 1925 Village Center Cir, Las Vegas, NV 89134. The space is available for lease starting December 1st, 2024. This location offers excellent access to Summerlin's amenities and is part of a thriving business community. The property's diverse zoning allows for various business types, including coworking, executive office, traditional office, creative office, and medical office uses. The APN is 138-19-720-002.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $4,155,000
      ML approach
      $4,110,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,695,000
      6.5%
      $2,485,000
      7%
      $2,310,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,134,000
      Market price range: $1.98M - $4.31M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $2,980,000
      Current use
      COMMERCIAL (GENERAL)
      $6,225,000
      Change: +109% Conversion: Easy
      AUTO REPAIR, GARAGE
      $5,470,000
      Change: +83% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $4,275,000
      Change: +43% Conversion: Difficult
      RETAIL STORES
      $3,680,000
      Change: +23% Conversion: Moderate
      INDUSTRIAL (GENERAL)
      $2,915,000
      Change: -2% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.304
    Latitude
    36.1926
    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
    2023
    $23,396
    $289,674
    $548,375
    $838,049
    -
    $827,640
    $1,566,786
    $2,394,426

    Comparable in this City

    • Value Estimation
      $1,345,000
      5,609 SF

      1735 Vlg Ctr Cir

      OFFICE BUILDING • 5,609 SF
      1735 Vlg Ctr Cir, Las Vegas, NV 89134-6303
      View Details
    • Value Estimation
      $2,960,000
      5,504 SF

      1775 Vlg Ctr Cir

      OFFICE BUILDING • 5,504 SF
      1775 Vlg Ctr Cir, Las Vegas, NV 89134-0564
      View Details
    • Value Estimation
      $640,000
      2,990 SF

      2075 Vlg Ctr Cir

      OFFICE BUILDING • 2,990 SF
      2075 Vlg Ctr Cir, Las Vegas, NV 89134-6251
      View Details
    • Value Estimation
      $7,550,000
      33,935 SF

      1651 Inner Cir

      OFFICE BUILDING • 33,935 SF
      1651 Inner Cir, Las Vegas, NV 89134-0609
      View Details
    • Value Estimation
      $890,000
      5,911 SF

      9300 Sun City Blvd Ste, Unit 101

      OFFICE BUILDING • 5,911 SF
      9300 Sun City Blvd Ste, Las Vegas, NV 89134-1704
      View Details
    • Value Estimation
      $1,645,000
      6,418 SF

      1781 Vlg Ctr Cir

      OFFICE BUILDING • 6,418 SF
      1781 Vlg Ctr Cir, Las Vegas, NV 89134-0572
      View Details

    Similar Nearby for Sale

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      View Details
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      1,636 SF

      Sun City Summerlin Townhome

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    Similar Nearby for Lease

    • $2 SF/Yr
      6,181 SF

      Class A Office Space

      Premier Summerlin office space with convenient access and planned upgrades.
      1645 Village Center Cir, Las Vegas, NV 89134
      View Details
    • $2 SF/Yr
      2,628 SF

      Class A Office Space Available

      Class A office in Summerlin with convenient highway access.
      1635 Village Center Cir, Las Vegas, NV 89134
      View Details
    • $2,100 /Mo
      1,332 SF

      Sun City Townhome Ready to Move

      Clean Sun City townhome with new flooring and stainless appliances.
      2836 Billy Casper Dr, Las Vegas, NV 89134
      View Details
    • $23 SF/Yr
      32,414 SF

      Sun City Retail Center Investment

      Prime Las Vegas retail space available.
      9300-9350 Sun City Blvd, Las Vegas, NV 89134
      View Details
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    Las Vegas, NV 89134-6260
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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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