Property profile

229 Las Vegas S Blvd Las Vegas, NV 89101

OFF-MARKET
Office buildings
Property ID
US62-0359744
8,500 SF 0.16 ac lot Built 1959
Entity Owned ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 8,525 square foot, two-story Class B office building, located at 229 Las Vegas Blvd S, Las Vegas, NV 89101, presents a unique investment opportunity. Built in 1959 and extensively renovated in 2019, the property boasts a modern interior with multiple secured offices, support offices, and bullpen areas on both floors. Amenities include four restrooms, two large and two small conference rooms, and two breakrooms. The building is fully furnished and ready for immediate occupancy. Situated on a 0.16-acre lot (APN 139-34-611-048), this property is zoned C-2 and offers excellent growth potential. Its prime downtown location provides easy access to the Federal Courthouse, banks, the US Post Office, and numerous other businesses. The building features a masonry exterior with a white brick frontage. The asking price is $3,195,000, representing a price per square foot of $374.78 and a price per unit of $1,597,500. This is a rare opportunity to acquire a fully furnished, turn-key office building in the heart of Las Vegas.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1959
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 8,500 SF
Lot 0.16 ac (6,970 SF)
APN 139-34-611-048
UPID US62-0359744

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
  • Coworking & Hybrid Office
  • Advertising Agency Marketing & Advertising
  • Law Firm
  • Law Firm

Location

229 Las Vegas S Blvd Las Vegas, NV 89101-5720
Las Vegas metro Census 700 LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$964k
Blend (final) Blend
$1.41M

Owner & transaction history

since 2026
5 recorded transactions
2026
$2.8M
2019
Price N/A
2018
$1.2M
1969
Price N/A
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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