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Spring Mountain/Durango Plaza 8678 W Spring Mountain Rd 8,958 SF 100% Leased Office Building Las Vegas, NV 89117 $2,373,888 ($265.00/SF) 7.08% Cap Rate
INVESTMENT HIGHLIGHTS
- Easily accessible location
- 100% Occupied office building in the West Las Vegas Submarket
- Proximity to Summerlin, The Lakes, and CC215 Freeway
EXECUTIVE SUMMARY
Keller Williams Realty Las Vegas, KW Commercial, is pleased to present 8678 Spring Mountain Road. The property is consists of ±8,958 square feet situated on ±0.72 acres located the Northwest corner of Spring Mountain and Durango in the West Las Vegas office submarket. The property is currently 100% occupied.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$221,284
|
$24.70
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$221,284
|
$24.70
|
| Taxes |
$12,827
|
$1.43
|
| Operating Expenses |
$43,008
|
$4.80
|
| Total Expenses |
$55,835
|
$6.23
|
| Net Operating Income |
$165,449
|
$18.47
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $221,284 |
| Annual Per SF | $24.70 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $221,284 |
| Annual Per SF | $24.70 |
| Taxes | |
|---|---|
| Annual | $12,827 |
| Annual Per SF | $1.43 |
| Operating Expenses | |
|---|---|
| Annual | $43,008 |
| Annual Per SF | $4.80 |
| Total Expenses | |
|---|---|
| Annual | $55,835 |
| Annual Per SF | $6.23 |
| Net Operating Income | |
|---|---|
| Annual | $165,449 |
| Annual Per SF | $18.47 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
8,958 SF
Building Class
B
Year Built
2000
Price
$2,373,888
Price Per SF
$265.00
Cap Rate
7.08%
NOI
$168,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
8,958 SF
Building FAR
0.29
Lot Size
0.72 AC
Zoning
C-P, County - business and professional office zone
Parking
33 Spaces (3.68 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
- Bus Line
- Signage
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Argon Agency
- Professional, Scientific, and Technical Services
- -
- -
- Modified Gross
- -
- Farmers Insurance
- Finance and Insurance
- -
- -
- Triple Net
- -
-
- Health Care and Social Assistance
- -
- -
- Modified Gross
- -
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| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Argon Agency | Professional, Scientific, and Technical Services | - | - | Modified Gross | - | |
| Farmers Insurance | Finance and Insurance | - | - | Triple Net | - | |
|
|
Health Care and Social Assistance | - | - | Modified Gross | - |
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PROPERTY TAXES
| Parcel Number | 163-17-515-028 | Total Assessment | $437,375 (2025) |
| Land Assessment | $148,080 (2025) | Annual Taxes | $12,827 ($1.43/SF) |
| Improvements Assessment | $289,295 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
163-17-515-028
Land Assessment
$148,080 (2025)
Improvements Assessment
$289,295 (2025)
Total Assessment
$437,375 (2025)
Annual Taxes
$12,827 ($1.43/SF)
Tax Year
2024
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Spring Mountain/Durango Plaza | 8678 W Spring Mountain Rd
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