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

    8670 Cheyenne Ave Las Vegas, NV 89129-7456

    • Office buildings
    • 41,012 SF
    • 4.58 lot acres
    OFF-MARKET
    Last Sale
    Apr 29, 2021
    Value Estimations
    $1,160,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US62-0255348
    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

    • Baldwin Distinctive Dentistry / Cosmetic Dentist / Dentist
    • Therapy Resource Network / E-Commerce Service / Service Establishment
    • Paul C Ray, Chartered. / Law Firm / Real Estate Attorney
    • Achievement Center For Therapy / Speech Pathologist / Occupational Therapist
    • Camilla Simon / General Practitioner / Nurse Practitioner

    Property Details for 8670 Cheyenne Ave

    Year built
    2007
    Construction
    FRAME
    Lot size
    4.58 lot acres
    Property size
    41,012 SF
    Property type
    Office buildings
    APN
    138-08-801-019
    APU
    13808801019

    Description

    This exceptional Las Vegas office complex, Cheyenne Fairways, offers 55,245 square feet of versatile space across three, two-story buildings. Situated on 4.58 acres of land at 8670 W Cheyenne Ave, Las Vegas, NV 89129, this Class B property boasts 216 parking spaces and elevators. Built in 2007, the complex features a mix of medical, creative, and traditional office spaces, currently with 5,500 square feet vacant. Each building provides well-designed suites, many with patios or balconies offering stunning golf course and mountain views. The convenient location, bordering Summerlin and near Durango Hills Golf Course, provides easy access to major freeways including I-95, CC-215, and Summerlin Parkway. The property is zoned C-1 (COMMERCIAL) and features a cross street of Cheyenne Ave. The APN is 138-08-801-019. This Northwest Las Vegas submarket location offers a prime opportunity for businesses seeking high-quality office space with exceptional views and convenient access to major transportation routes. The multiple tenancy structure provides flexibility for various business needs.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $1,160,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.285
    Latitude
    36.2191
    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
    $95,435
    $1,047,401
    $2,293,211
    $3,340,612
    -
    $2,992,574
    $6,552,031
    $9,544,605

    Comparable in this City

    • Value Estimation
      $985,000
      25,416 SF

      7730 Cheyenne Ave Ste, Unit 105

      OFFICE BUILDING • 25,416 SF
      7730 Cheyenne Ave Ste, Las Vegas, NV 89129-8411
      View Details
    • Value Estimation
      $330,000
      3,110 SF

      9910 Cheyenne Ave Ste, Unit 150

      OFFICE BUILDING • 3,110 SF
      9910 Cheyenne Ave Ste, Las Vegas, NV 89129-7708
      View Details
    • Value Estimation
      $345,000
      3,638 SF

      Las Vegas, NV 89129

      OFFICE BUILDING • 3,638 SF
      Las Vegas, NV 89129
      View Details
    • Value Estimation
      $5,515,000
      22,143 SF

      9910 Cheyenne Ave

      OFFICE BUILDING • 22,143 SF
      9910 Cheyenne Ave, Las Vegas, NV 89129-7707
      View Details
    • Value Estimation
      $3,360,000
      9,984 SF

      9070 Cheyenne Ave

      OFFICE BUILDING • 9,984 SF
      9070 Cheyenne Ave, Las Vegas, NV 89129-8934
      View Details
    • Value Estimation
      $1,090,000
      35,048 SF

      3280 Cimarron Rd, Unit 107

      OFFICE BUILDING • 35,048 SF
      3280 Cimarron Rd, Las Vegas, NV 89129-7397
      View Details

    Similar Nearby for Sale

    • $6,100,000
      33,098 SF

      Vacant Office Building Near Summerlin

      33,098 SF vacant office building near Summerlin in Las Vegas.
      9950 W Cheyenne Ave, Las Vegas, NV 89129
      View Details
    • $9,049,638
      36,200 SF

      Las Vegas Office Building For Sale

      36,200 SF office building on 2.81 acres.
      3280 N Cimarron Rd, Las Vegas, NV 89129
      View Details
    • $2,900,000
      7,468 SF

      Established Office Building For Sale

      7,468 SF office building on 0.78 acres, built 2004.
      7610 W Cheyenne Ave, Las Vegas, NV 89129
      View Details
    • Contact for pricing
      74,920 SF

      Vacant Office Building For Sale

      Vacant office building with parking garage and freeway access.
      7690 W Cheyenne Ave, Las Vegas, NV 89129
      View Details
    • $8,461,000
      33,980 SF

      Las Vegas Office Building For Sale

      33,980 SF office building on 2.3 acres.
      7710 W Cheyenne Ave, Las Vegas, NV 89129
      View Details
    • $9,250,000
      22,221 SF

      Cheyenne Ave Medical Office Building

      Prime Medical Office, Las Vegas, NV
      9970 Cheyenne Ave, Las Vegas, NV 89129
      View Details

    Similar Nearby for Lease

    • $1.75 SF/Yr
      12,896 SF

      Pointe North Office Campus

      Office campus near Northwest Medical District with flexible floor plans.
      7312-7324 W Cheyenne Ave, Las Vegas, NV 89129
      View Details
    • $21 SF/Yr
      1,488 SF

      Las Vegas Office Space Available

      Office space available for lease in Las Vegas, Nevada.
      7324 W Cheyenne Ave, Las Vegas, NV 89129
      View Details
    • $2 SF/Yr
      1,286 SF

      Medical Office Space Available

      Medical office space for lease with on-site amenities.
      7730 W Cheyenne Ave, Las Vegas, NV 89129
      View Details
    • $26 SF/Yr
      323,000 SF

      Cheyenne Corporate Center: Las Vegas Office Space

      Las Vegas office suites, ample parking, modern design.
      3301 Cheyenne Ave & Buffalo Dr, Las Vegas, NV 89129
      View Details
    • $2 SF/Yr
      6,328 SF

      Remodeled Office Space Available

      Office space with remodeled common areas, high parking ratio.
      3291 N Buffalo Dr, Las Vegas, NV 89129
      View Details
    • $2 SF/Yr
      3,640 SF

      Medical Office Space Available

      Medical office space in Las Vegas Medical District for rent.
      8630 W Cheyenne Ave, Las Vegas, NV 89129
      View Details
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    Las Vegas, NV 89129-7456
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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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