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Bldg 100 3650 S Eastern Ave 9,200 SF 78% Leased Office Building Las Vegas, NV 89169 $1,539,000 ($167.28/SF) 7.54% Cap Rate
EXECUTIVE SUMMARY
Fully leased medical/office CONDO complex with multiple tenants—prime investment near the heart of Las Vegas. Just off Las Vegas Blvd, close to hospital and convention center. Only $156 per square foot. (It will cost more than double to replace it) Three 1-story buildings on 8 separate parcels. Zoned C-P. 47 parking spaces. Built in 1984. THIS CONDO IS SELLING FOR HALF PRICE COMPARED TO MOST CONDOS OFFICES IN LAS VEGAS VALLEY.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$141,432
|
$15.37
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$141,432
|
$15.37
|
| Taxes |
$8,181
|
$0.89
|
| Operating Expenses |
$17,831
|
$1.94
|
| Total Expenses |
$26,012
|
$2.83
|
| Net Operating Income |
$115,420
|
$12.55
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $141,432 |
| Annual Per SF | $15.37 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $141,432 |
| Annual Per SF | $15.37 |
| Taxes | |
|---|---|
| Annual | $8,181 |
| Annual Per SF | $0.89 |
| Operating Expenses | |
|---|---|
| Annual | $17,831 |
| Annual Per SF | $1.94 |
| Total Expenses | |
|---|---|
| Annual | $26,012 |
| Annual Per SF | $2.83 |
| Net Operating Income | |
|---|---|
| Annual | $115,420 |
| Annual Per SF | $12.55 |
PROPERTY FACTS
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Office
Property Subtype
Medical
Building Size
9,200 SF
Building Class
B
Year Built
1984
Price
$1,539,000
Price Per SF
$167.28
Cap Rate
7.54%
NOI
$116,000
Percent Leased
78%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
2,061 SF
Parking
22 Spaces (10.67 Spaces per 1,000 SF Leased)
AMENITIES
- Central Heating
- Fully Carpeted
- Natural Light
- Hardwood Floors
- Air Conditioning
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- One Realco Corporation
- Services
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| One Realco Corporation | Services | - | - | - |
1 1
PROPERTY TAXES
| Parcel Numbers | Total Assessment | $310,304 (2025) | |
| Land Assessment | $84,704 (2025) | Annual Taxes | $8,181 ($0.89/SF) |
| Improvements Assessment | $225,600 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$84,704 (2025)
Improvements Assessment
$225,600 (2025)
Total Assessment
$310,304 (2025)
Annual Taxes
$8,181 ($0.89/SF)
Tax Year
2024
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Bldg 100 | 3650 S Eastern Ave
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