500 South Rancho Dr Las Vegas, NV 89106
Property profile & analytics
500 South Rancho Dr Las Vegas, NV 89106
- Office buildings
- 47,304 SF
- 4.63 lot acres
Property ID
US62-0441418
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.
Location Intelligence
Current Use by Public Records
- RCI Engineering / Engineering Consultant
- Stephanie J. Youngblood, DC / Alternative Medicine Practice
- Myacinth Pineda / Physician
- Ms. Jhouleen Angelika Tiamzon / Physician
- Sullivan Walter G MD / Physician / Medical Clinic
Property Details for 500 South Rancho Dr
- Year built
- 1988
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 4.63 lot acres
- Property size
- 47,304 SF
- Property type
- Office buildings
- APN
- 139-32-702-005
- APU
- 13932702005
Description
This exceptional office property, located at 500 S Rancho Drive in Las Vegas, Nevada, offers a diverse range of spaces ideal for various business needs. The property boasts a total of 47,300 square feet across five single-story buildings, situated on a generous 4.63-acre lot. Built in 1988 and extensively renovated in 2018, the Class B building features 18 suites, with a minimum divisible space of 1,350 square feet and a maximum contiguous space of 17,160 square feet. The property caters to diverse office styles, including executive, creative, and traditional office layouts, all benefiting from a 9-foot ceiling height. Ample parking is provided with 189 spaces. The location is highly desirable, within the Medical District submarket of Las Vegas, easily accessible via Rancho and Alta Cross Streets. The property is zoned P-R City of Las Vegas (APN: 139-327-02005) and offers modern amenities including fiber optic data availability and an EV charging station (ChargePoint). The landscaped grounds create a pleasant garden setting. This multi-tenant property presents a unique opportunity for businesses seeking flexible and well-appointed office space in a prime Las Vegas location.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $12,940,000
- 6.5%
- $11,945,000
- 7%
- $11,095,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $10,159,000
- AI Estimate
- $8,232,000
Market price range: $9.50M - $20.7MMarket price range: $6.28M - $17.2M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $14,325,000 Current use
- INDUSTRIAL (GENERAL)
- $14,005,000 Change: -2% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Las Vegas
- County
- Clark
- State
- Nevada
- Longitude
- -115.173
- Latitude
- 36.1652
- 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
$59,778
$741,185
$1,253,647
$1,994,832
-
$2,117,671
$3,581,849
$5,699,520
