Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    7375 Peak Dr Las Vegas, NV 89128
    Back to Search
    Property profile & analytics

    7375 Peak Dr Las Vegas, NV 89128

    View on Map
    • Medical Office Space
    • 11,065 SF
    • 2.00 lot acres
    Off-Market
    Property ID
    US62-1286549
    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

    • Teamsters 631 Medical Center / Medical Clinic

    Property Details for 7375 Peak Dr

    Year built
    2002
    Lot size
    2.00 lot acres
    Property size
    11,065 SF
    Property type
    Medical Office Space
    APN
    138-15-310-059

    Description

    This exceptional 11,065 square foot medical office condo is located in the desirable Summerlin area of Las Vegas, Nevada, at 7375 Peak Drive, Suite 250. The property, built in 2002, is a Class B, two-story building situated on a 2-acre lot (APN 138-15-310-059) and zoned CPB. Currently vacant, this owner-user opportunity offers a turnkey solution with a mix of open bullpen space and private offices, multiple conference rooms, and a large terrace boasting city views. The asking price is $3,200,000, representing a price per square foot of $289.20. The property's pro-forma NOI is $232,368, yielding a 7.26% cap rate. Its strategic location near Mountain View Hospital and convenient access to US-95 provides excellent visibility and accessibility. This investment presents a compelling opportunity for businesses seeking a modern, well-appointed space in a thriving medical office environment. The lease type is NNN. The property features a high-quality build and is ideally suited for a medical practice or other professional office use. The building offers ample space for expansion and customization to meet specific business needs. This is a rare opportunity to acquire a substantial, well-located medical office condo in a highly sought-after area of Las Vegas.

    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
    -115.2532888
    Latitude
    36.2098434

    Comparable in this City

    • Contact for pricing
      8,800 SF

      Medical Office Investment Opportunity

      Standalone medical office building in Northwest Medical District for sale.
      2601 N Tenaya Way, Las Vegas, NV 89128
      View Details
    • Contact for pricing
      3,111 SF

      Professional Office Space in Las Vegas

      Professional office space in the Las Vegas NW Medical District.
      2500 N Buffalo Dr, Las Vegas, NV 89128
      View Details
    • Contact for pricing
      9,007 SF

      Turnkey Office Building with Storage

      Fully built-out office building with immediate income potential.
      2410 Fire Mesa St, Las Vegas, NV 89128
      View Details
    • Contact for pricing
      2,506 SF

      Professional Office Building For Lease

      Two-story office building with remodeled suites and ample parking.
      1333 N Buffalo Dr, Las Vegas, NV 89128
      View Details
    • Contact for pricing
      2,654 SF

      Las Vegas Office Space Available

      Office space available for rent in Las Vegas, Nevada.
      7361 Prairie Falcon Rd, Las Vegas, NV 89128
      View Details
    • Contact for pricing
      5,525 SF

      New Retail Space For Sale

      New construction retail space with freeway access and strong population.
      2131 Rock Springs Dr, Las Vegas, NV 89128
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      8,800 SF

      Medical Office Investment Opportunity

      Standalone medical office building in Northwest Medical District for sale.
      2601 N Tenaya Way, Las Vegas, NV 89128
      View Details
    • Contact for pricing
      3,111 SF

      Professional Office Space in Las Vegas

      Professional office space in the Las Vegas NW Medical District.
      2500 N Buffalo Dr, Las Vegas, NV 89128
      View Details
    • Contact for pricing
      9,007 SF

      Turnkey Office Building with Storage

      Fully built-out office building with immediate income potential.
      2410 Fire Mesa St, Las Vegas, NV 89128
      View Details
    • Contact for pricing
      2,506 SF

      Professional Office Building For Lease

      Two-story office building with remodeled suites and ample parking.
      1333 N Buffalo Dr, Las Vegas, NV 89128
      View Details
    • Contact for pricing
      2,654 SF

      Las Vegas Office Space Available

      Office space available for rent in Las Vegas, Nevada.
      7361 Prairie Falcon Rd, Las Vegas, NV 89128
      View Details
    • Contact for pricing
      5,525 SF

      New Retail Space For Sale

      New construction retail space with freeway access and strong population.
      2131 Rock Springs Dr, Las Vegas, NV 89128
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space in Sea Breeze

      Retail space anchored by Albertsons in affluent Summerlin adjacent area.
      1750 N Buffalo Dr, Las Vegas, NV 89128
      View Details
    • $1.80 SF/Yr

      Pueblo Medical Center Office Space

      High-image medical office space in Summerlin with covered parking.
      8551 West Lake Mead Blvd, Las Vegas, NV 89128
      View Details
    • $2.00 SF/Yr
      1,952 SF

      Prime Location in Origin Business Park

      Office space in Summerlin, near amenities and US-95 access.
      7375 Prairie Falcon Rd, Las Vegas, NV 89128
      View Details
    • Contact for pricing

      Medical Office Space Available

      Newly remodeled medical suite in Northwest Medical Corridor.
      2650 N Tenaya Way, Las Vegas, NV 89128
      View Details
    • Contact for pricing

      West Lake Mead Professional Office

      Prime office spaces available in a well-located professional center.
      8440 W Lake Mead Blvd, Las Vegas, NV 89128
      View Details
    • $2 SF/Yr

      Summerlin Adjacent Medical/Professional Office

      Turnkey medical/professional office space near Summerlin with covered parking.
      911 N Buffalo Dr, Las Vegas, NV 89128
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    7375 Peak Dr
    Las Vegas, NV 89128
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    7375 Peak Dr, Las Vegas, NV, 89128
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!