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    5955 S Jones Blvd Las Vegas, NV 89118
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    5955 S Jones Blvd Las Vegas, NV 89118

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    • Office buildings
    • 3,973 SF
    For Sale
    $1,767,985
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    Technique Offices in Southwest District For Sale
    $1,767,985
    3,973 SF

    Technique Offices in Southwest District

    Luxury single-story office buildings in Las Vegas' Southwest Business District.

    5955 S Jones Blvd, Las Vegas, NV 89118
    View Listing
    Property ID
    US62-0574219
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office buildings

    Property Details for 5955 S Jones Blvd

    Year built
    2025
    Property size
    3,973 SF
    Property type
    Office buildings
    Property subtype
    Commercial real estate

    Description

    Welcome to the opportunity to own business real estate in the most coveted area of Las Vegas - the Southwest Business District. Designed with the utmost attention to detail, Technique Offices will be the most attractive single story Office buildings available for purchase in Las Vegas. This is a one-of-a-kind project offering a luxury purchase option where none has existed before. Leading-Edge Q4 2024. Interest list is forming now. Please reach out to Broker to register your client. LOCATION: Technique Offices are less than 1 mile from the I-215 Beltway on Jones Blvd. Unmatched location in the heart of the Southwest Business District with direct access to I-215 offering easy travel to the entire Las Vegas Valley; drive time to both Summerlin and Green Valley areas within 12 minutes, going either direction on I-215. Jones is an increasingly popular thoroughfare offering commuters less congested drivetimes in the most rapidly expanding, premiere business area of Las Vegas. ACCESS: Las Vegas is a town built on access. It doesn't get any easier than seeing the business you are headed to and turning into the business park, parking up front and walking 20 steps into your destination. No parking garage or complicated signage, multiple floors or common area spaces to navigate. Client, patients and customers will have no impediments to reaching your business. IMAGE: Pride of ownership is visible from the moment you drive up to the property. Resort style landscaping and impeccable exterior finishes inform your employees and visitors that you have a high degree of professionalism and expertise. The appearance of the businesses' building indicates what level of care the client or patient will receive at a very conscious level since it’s the first thing they see when pulling into the parking lot. BE SEEN: Enjoy maximum visibility from Jones Blvd., one of the main thoroughfares running North/South with close access to I-215. The site has 300' of direct street visibility affording owners unequaled building signage opportunities with an estimated 35,000 drivers passing by every day.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.2256
    Latitude
    36.0802

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      Garden-Style Office Building For Lease

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      Well-Maintained Office Space Available

      Single-story office space with excellent access and convenient location.
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      Renovated Industrial Building with Flex Space

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    View Listing
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    Las Vegas, NV 89118
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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.

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