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Property profile & analytics
FOR SALE
Office buildings

3300 N Cimarron Rd Las Vegas, NV 89129

28,095 SF 3.51 ac lot Built 2000
Entity Owned 8-yr Hold ~ Est. High Equity
Property ID
US62-0473320
Property summary
AI-generated overview

This exceptional investment opportunity presents a single-story, 28,545-square-foot Class B office building in Las Vegas, Nevada. Located at 3300 N Cimarron Rd, within the established Cheyenne Corporate Center, this property boasts 100% occupancy with a long-term lease (expiring June 2030) to TPx Communications, utilizing the space for call center and training operations. The tenant has a significant history in the center, also leasing 39,478 square feet in another building within the complex, and benefits from an antenna and generator access. The building sits on a 3.51-acre lot, zoned C-1, and features a strong 7.50% cap rate with a net operating income (NOI) of $573,977 and an asking price of $7,653,000 ($268.10/sq ft). Built in 2000, this property benefits from minimal management responsibilities due to the well-managed Cheyenne Corporate Center's homeowner's association, which oversees common areas. The surrounding area includes a mix of office, medical, and retail tenants, with nearby medical facilities such as MountainView Hospital and an Optum campus. Convenient access to US-95 and I-215 highways ensures excellent accessibility for both tenants and investors. This property represents a compelling investment opportunity, priced below replacement cost, in a thriving Las Vegas location. The property's APN is 138-09-821-008.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 2000
Construction CONCRETE
Total area 28,095 SF
Lot 3.51 ac (152,896 SF)
APN 138-09-821-008
UPID US62-0473320
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Tele Pacific Communications Telecommunications Service
  • TPx Communications Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$4.99M
Owner & transaction history
Cheyenne Corp Center LLC · 8 yrs held
Cheyenne Corp Center LLC
since 2017
4 recorded transactions
2021
Price N/A
2017
$38.0M
2010
Price N/A
2005
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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