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

    8675 Eastern Ave Las Vegas, NV 89123-2839

    • Office buildings
    • 7,052 SF
    • 0.59 lot acres
    OFF-MARKET
    Last Sale
    May 26, 2022
    $2,000,000
    Value Estimations
    $2,030,000
    Show details
    Cap Rate Potential
    5.1%
    Office buildings
    Location Intelligence
    Property ID
    US62-0220765
    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

    • Reliant Programming & Web Services / Website Designer
    • Strategic Wealth Advisors / Financial Planner / Financial Consultant
    • CARMALV / General Contractor

    Property Details for 8675 Eastern Ave

    Year built
    2004
    Construction
    FRAME
    Lot size
    0.59 lot acres
    Property size
    7,052 SF
    Property type
    Office buildings
    APN
    177-14-710-028
    APU
    17714710028

    Description

    This single-story, 7,268 square foot office building, located at 8675 S Eastern Ave in Las Vegas, Nevada, presents a fantastic opportunity. Built in 2004, the property boasts a convenient location and is zoned C2. The building features a total of 7,268 square feet, with 3,307 square feet currently vacant, ideal for immediate occupancy. The existing space is a turnkey solution, perfect for a business seeking a move-in ready environment. Amenities include a conference room and a breakroom, enhancing the functionality and convenience of the space. The property's single-story design offers easy accessibility. The address is 8675 S Eastern Ave, Las Vegas, NV 89123, and the Clark County APN is 177-14-710-028. This multiple-tenancy building provides a flexible layout suitable for various business needs. The property offers easy access to the 215 freeway, providing excellent connectivity throughout the Las Vegas Valley. This is a prime opportunity to acquire a well-maintained office space in a desirable location. The vacant space offers significant potential for immediate income generation or expansion for an existing business.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,265,000
      ML approach
      $2,270,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,930,000
      6.5%
      $1,780,000
      7%
      $1,655,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,853,000
      Market price range: $1.42M - $3.09M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $2,135,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $3,060,000
      Change: +43% Conversion: Difficult
      RETAIL STORES
      $2,635,000
      Change: +23% Conversion: Moderate
      INDUSTRIAL (GENERAL)
      $2,090,000
      Change: -2% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.12
    Latitude
    36.032
    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
    $10,144
    $107,940
    $262,955
    $370,895
    -
    $308,400
    $751,300
    $1,059,700

    Comparable in this City

    • Value Estimation
      $9,415,000
      62,943 SF

      8965 Eastern Ave

      OFFICE BUILDING • 62,943 SF
      8965 Eastern Ave, Las Vegas, NV 89123-4891
      View Details
    • Value Estimation
      $1,155,000
      7,478 SF

      8490 Eastern Ave

      OFFICE BUILDING • 7,478 SF
      8490 Eastern Ave, Las Vegas, NV 89123-2805
      View Details
    • Value Estimation
      $1,500,000
      9,439 SF

      8565 Eastern Ave

      OFFICE BUILDING • 9,439 SF
      8565 Eastern Ave, Las Vegas, NV 89123-2808
      View Details
    • Value Estimation
      $1,055,000
      6,657 SF

      8333 Eastern Ave

      OFFICE BUILDING • 6,657 SF
      8333 Eastern Ave, Las Vegas, NV 89123-2503
      View Details
    • Value Estimation
      $880,000
      5,535 SF

      8630 Eastern Ave

      OFFICE BUILDING • 5,535 SF
      8630 Eastern Ave, Las Vegas, NV 89123-2836
      View Details
    • Value Estimation
      $1,115,000
      7,140 SF

      8620 Eastern Ave

      OFFICE BUILDING • 7,140 SF
      8620 Eastern Ave, Las Vegas, NV 89123-2836
      View Details

    Similar Nearby for Sale

    • Contact for pricing
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    Similar Nearby for Lease

    • $17 SF/Yr
      31,145 SF

      Viewpointe Professional Center Office Space

      Airport Submarket, Creative Office Suites
      8235 Eastern Ave, Las Vegas, NV 89123
      View Details
    • $24 SF/Yr
      33,450 SF

      Silverado Junction Center Office Space

      Retail/Office Space, I-15 Access
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      View Details
    • $27 SF/Yr
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      Office Space Available For Rent

      4,640 square feet of office space for lease.
      8965 S Eastern Ave, Las Vegas, NV 89123
      View Details
    • $27 SF/Yr
      1,117 SF

      Office Space Available For Rent

      Office space available for lease in Las Vegas, Nevada.
      8985 S Eastern Ave, Las Vegas, NV 89123
      View Details
    • $27 SF/Yr
      26,565 SF

      Scottsdale Plaza: Retail & Office Space

      Prime Las Vegas location, multiple suites available.
      0 Pebble Rd, Las Vegas, NV 89123
      View Details
    • $0.25 SF/Yr
      98,973 SF

      Two-Story Office Over Retail

      Two-story office over retail in a busy Henderson corridor.
      9550 S Eastern Ave, Las Vegas, NV 89123
      View Details
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    8675 Eastern Ave
    Las Vegas, NV 89123-2839
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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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