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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    7040 Laredo St Las Vegas, NV 89117-3000

    • Office buildings
    • 12,000 SF
    • 0.53 lot acres
    OFF-MARKET
    Value Estimations
    $1,960,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US62-0143814
    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.

    Current Use by Public Records

    • UNIQUEU Counseling, Las Vegas, Nevada / Counselor
    • Acrisure Las Vegas, NV (Nationwide Insurance: Mountain Pacific Insurance Services) / Insurance Agency
    • Klumbach & Associates / Tax Preparation Service
    • College Soccer Development Academy / Association Or Organization
    • 3Wstudio / Consultant

    Property Details for 7040 Laredo St

    Year built
    2000
    Construction
    FRAME
    Lot size
    0.53 lot acres
    Property size
    12,000 SF
    Property type
    Office buildings
    APN
    163-10-503-004
    APU
    16310503004

    Description

    This Las Vegas retail property, located at 7040 Laredo Street, offers two vacant suites within a well-maintained 12,000 square foot building situated on a 1.06-acre lot. The property is zoned Commercial Professional (CP) and features eight individual suites, each equipped with its own restroom and power meter. Currently available are two spaces: Suite D, a 1,320 square foot space immediately available, and Suite J&K, a 1,920 square foot space ready for occupancy September 1, 2024. Both suites boast previous build-outs ideal for office, professional, or medical tenants, including reception areas, private restrooms, storage, kitchens, and conference rooms. The minimum divisible space is 1,320 square feet, with a maximum contiguous space of 1,920 square feet. The total vacant space within the building is 3,240 square feet. The property's Clark County APN is 16310503005. This prime location in Las Vegas, Nevada (zip code 89117), presents a unique opportunity for businesses seeking versatile and well-appointed retail space.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,370,000
      Market price range: $599k - $2.61M

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

    Location Insight

    • Map
    • Local Demand
    City
    Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.245
    Latitude
    36.1425
    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
    $12,459
    $129,287
    $419,492
    $548,779
    -
    $369,391
    $1,198,549
    $1,567,940

    Comparable in this City

    • Value Estimation
      $9,195,000
      39,011 SF

      8801 Sahara Ave

      OFFICE BUILDING • 39,011 SF
      8801 Sahara Ave, Las Vegas, NV 89117-5865
      View Details
    • Value Estimation
      $1,235,000
      4,800 SF

      7848 Sahara Ave

      OFFICE BUILDING • 4,800 SF
      7848 Sahara Ave, Las Vegas, NV 89117-1944
      View Details
    • Value Estimation
      $605,000
      3,360 SF

      7500 Sahara Ave

      OFFICE BUILDING • 3,360 SF
      7500 Sahara Ave, Las Vegas, NV 89117-2742
      View Details
    • Value Estimation
      $1,270,000
      3,007 SF

      7520 Sahara Ave

      OFFICE BUILDING • 3,007 SF
      7520 Sahara Ave, Las Vegas, NV 89117-2742
      View Details
    • Value Estimation
      $1,380,000
      5,485 SF

      8310 Sahara Ave

      OFFICE BUILDING • 5,485 SF
      8310 Sahara Ave, Las Vegas, NV 89117-1873
      View Details
    • Value Estimation
      $710,000
      3,653 SF

      7464 Sahara Ave

      OFFICE BUILDING • 3,653 SF
      7464 Sahara Ave, Las Vegas, NV 89117-2740
      View Details

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    Similar Nearby for Lease

    • $1.90 SF/Yr
      2,895 SF

      Class A Office Building Available

      Well-maintained 2-story office building with access and visibility.
      7785 W Sahara Ave, Las Vegas, NV 89117
      View Details
    • $2 SF/Yr
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    • $1.80 SF/Yr
      29,250 SF

      Prime Retail/Office Location, Las Vegas

      Retail/office space in high-traffic Las Vegas corridor with strong demographics.
      8450 West Sahara Ave, Las Vegas, NV 89117
      View Details
    • $2.00 SF/Yr
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      Summerlin Office Space For Rent

      Sublease in the heart of Summerlin with abundant parking.
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      View Details
    • $25 SF/Yr
      59,917 SF

      Acuity Financial Center: Premier Office Space

      Elegant 2-story office building, ample parking.
      7881 Charleston Blvd, Las Vegas, NV 89117
      View Details
    Request Owner's contact information
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    7040 Laredo St
    Las Vegas, NV 89117-3000
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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.

    More about this property
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