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3365 Pepper Ln 14,000 SF 76% Leased Flex Building Las Vegas, NV 89120 $2,500,000 ($178.57/SF)
Investment Highlights
- ±18,060 SF Two-Story Office Building
- Zoned Industrial Park (IP)
- Fully Sprinklered
- Value-Add / Owner-User Opportunity
- Potential Office-to-Industrial Conversion
- Masonry Construction
Executive Summary
3365 Pepper Ln presents a rare value-add and owner-user opportunity in the highly desirable Airport Submarket of Las Vegas. The ±18,060 SF two-story office building is situated on ±0.67 acres and is zoned Industrial Park (IP), allowing for a variety of potential uses including office, back-office administrative, or future industrial/warehouse conversion.
Originally owner-occupied and constructed of durable masonry, the property is fully sprinklered and well-positioned for repositioning or customization. The existing layout features a mix of private offices, open work areas, meeting rooms, and covered parking, making it ideal for a business seeking a headquarters presence with expansion flexibility.
Strategically located near Patrick Lane and South Pecos Road, the property offers quick access to major arterials and freeways including I-215 and I-15, as well as close proximity to Harry Reid International Airport. The central location provides convenient access to the entire Las Vegas Valley workforce and client base.
With strong surrounding demographics and easy connectivity, this asset offers both operational efficiency for an owner-user and upside potential through renovation or industrial conversion.
Sale Price: $2,500,000 ($138.42 PSF)
Originally owner-occupied and constructed of durable masonry, the property is fully sprinklered and well-positioned for repositioning or customization. The existing layout features a mix of private offices, open work areas, meeting rooms, and covered parking, making it ideal for a business seeking a headquarters presence with expansion flexibility.
Strategically located near Patrick Lane and South Pecos Road, the property offers quick access to major arterials and freeways including I-215 and I-15, as well as close proximity to Harry Reid International Airport. The central location provides convenient access to the entire Las Vegas Valley workforce and client base.
With strong surrounding demographics and easy connectivity, this asset offers both operational efficiency for an owner-user and upside potential through renovation or industrial conversion.
Sale Price: $2,500,000 ($138.42 PSF)
Property Facts
| Price | $2,500,000 | Lot Size | 0.67 AC |
| Price Per SF | $178.57 | Rentable Building Area | 14,000 SF |
| Sale Type | Investment | No. Stories | 2 |
| Property Type | Flex | Year Built/Renovated | 1998/2026 |
| Property Subtype | Flex Research & Development | Parking Ratio | 1.94/1,000 SF |
| Building Class | B | Cross Streets | Pecos |
| Zoning | IP, County - IP | ||
| Price | $2,500,000 |
| Price Per SF | $178.57 |
| Sale Type | Investment |
| Property Type | Flex |
| Property Subtype | Flex Research & Development |
| Building Class | B |
| Lot Size | 0.67 AC |
| Rentable Building Area | 14,000 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1998/2026 |
| Parking Ratio | 1.94/1,000 SF |
| Cross Streets | Pecos |
| Zoning | IP, County - IP |
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Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 162-36-703-012 | Improvements Assessment | $740,083 |
| Land Assessment | $135,345 | Total Assessment | $875,428 |
Property Taxes
Parcel Number
162-36-703-012
Land Assessment
$135,345
Improvements Assessment
$740,083
Total Assessment
$875,428
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