6010 Durango Dr Las Vegas, NV 89113-1786
- Office buildings
- 23,778 SF
- 0.55 lot acres
May 08, 2025
Current Use by Public Records
- West Coast Trial Lawyers / Personal Injury Attorney
- SlickDeals / E-Commerce Service
- Durango Village Acc / Medical Clinic
Property Details for 6010 Durango Dr
- Year built
- 2008
- Construction
- FRAME
- Lot size
- 0.55 lot acres
- Property size
- 23,778 SF
- Property type
- Office buildings
- APN
- 163-33-213-048
- APU
- 16333213048
Description
This exceptional 25,000-square-foot, two-story Class B creative office building in Las Vegas, Nevada presents a compelling owner-user or investment opportunity. Located at 6010 S Durango Dr, in the desirable Durango Village, this 2008-built property underwent renovations in 2012 and boasts a modern, open-concept design with glass walls and state-of-the-art lighting. Currently 100% occupied by two credit-rated tenants (a tech company and a law firm) under a modified lease with a 7-year term commencing June 1, 2018, and expiring May 31, 2025, with a remaining term of 0.5 years and a 3-year renewal option. The building features multiple conference rooms, private offices, a library, copy/printer area, reception area, break room, and a dedicated elevator. Ample parking is available with 25 reserved covered spaces and 35 unreserved surface spaces. The property sits on a 24,000-square-foot lot with 25,000 square feet of air rights. Its prime location is just half a mile from the 215 Beltway, near The UnCommons, IKEA, and Durango Station Casino, and only six miles from the Las Vegas Strip and McCarran International Airport. The building offers a strong net operating income (NOI) of $590,000, resulting in a 7.38% cap rate, and an asking price of $8,000,000 ($320 per square foot). Annual rent bumps are set at 3%. The property is zoned for commercial use and features a professional management team. This is an ideal opportunity for an owner-user seeking a high-quality, well-located space or an investor looking for a strong return.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $6,505,000
- 6.5%
- $6,005,000
- 7%
- $5,575,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $9,225,000
- AI Estimate
- $5,152,000
Market price range: $6.96M - $10.8MMarket price range: $2.40M - $7.30M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $8,405,000 Current use
- NEIGHBORHOOD: SHOPPING CENTER
- $10,320,000 Change: +23% Conversion: Difficult
- RETAIL STORES
- $8,890,000 Change: +6% Conversion: Moderate
- INDUSTRIAL (GENERAL)
- $7,040,000 Change: -16% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Las Vegas
- County
- Clark
- State
- Nevada
- Longitude
- -115.278
- Latitude
- 36.0793
- CBSA code
- 29820
- CBSA name
- LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA
