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Creative Office - Owner/User 3847 S Eastern Ave 4,231 SF 25% Leased Office Building Las Vegas, NV 89169 $748,000 ($176.79/SF) 6.90% Cap Rate
INVESTMENT HIGHLIGHTS
- Very Creative Space can be used as a Live/Use Opportunity
- Has a Very Large Office Space consisting of 34'x18' with a Seperate Entrance
- Private Back Area Oasis with Heated Pool/Jacuzzi and Rock Waterfall, Beachy Sitting Area with Firepit, Covered Patio for Hot Summer Days
EXECUTIVE SUMMARY
Property use to be Zoned R-1 and the previous owner changed the Zoning to C-P. Can be senior adult living, singles swingers club, nursing home facility.
Owner is currently using the property as Live/Use.
All offices are currently being used as bedrooms.
Property is 2 levels and has 7 office spaces consisting of 4 down and 3 up with 2 bathrooms 1 up and 1 down. It has a full size Kitchen/Breakroom, double-sided wood-burning Fireplace, a Private large back area that has a Heated Swimming Pool and Jacuzzi with a Rock Waterfall. Separate Sitting Area consists of a beachy feel with Sand and a Firepit. Covered Patio for those hot summer days.
Owner is currently using the property as Live/Use.
All offices are currently being used as bedrooms.
Property is 2 levels and has 7 office spaces consisting of 4 down and 3 up with 2 bathrooms 1 up and 1 down. It has a full size Kitchen/Breakroom, double-sided wood-burning Fireplace, a Private large back area that has a Heated Swimming Pool and Jacuzzi with a Rock Waterfall. Separate Sitting Area consists of a beachy feel with Sand and a Firepit. Covered Patio for those hot summer days.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$46,200
|
$10.92
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$46,200
|
$10.92
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $46,200 |
| Annual Per SF | $10.92 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $46,200 |
| Annual Per SF | $10.92 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Building Size
4,231 SF
Building Class
C
Year Built
1964
Price
$748,000
Price Per SF
$176.79
Cap Rate
6.90%
NOI
$51,612
Percent Leased
25%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
4,231 SF
Building FAR
0.49
Lot Size
0.20 AC
Zoning
C-P - Property used to be Zoned R-1 and the previous owner changed the Zoning to C-P.
Parking
8 Spaces (1.89 Spaces per 1,000 SF Leased)
AMENITIES
- Bus Line
1 1
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Creative Office - Owner/User | 3847 S Eastern Ave
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