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WestPark Plaza 2 Office Properties Offered at $2,235,100 in Las Vegas, NV
Investment Highlights
- Way below Replacement Cost ($175/SF). Motivated Seller
- 2-12772 sq. ft. brick office buildings. Available for sale individually at $2,235,100 or bundled at $4,470,200
- Underground parking
- Owner-User with Income
- 1331 S Rainbow is vacant and 1321 S Rainbow is 50% occupied
- No association expenses
Executive Summary
2- 12,776 sq. ft. office buildings both with underground parking.
Rainbow frontage
Very motivated Seller. AS-IS Where-IS. Recent 10% price reduction (A/O January 13, 2026)
Buildings available to be sold individually for $2,235,100 each or $4,470,200 for both buildings.
1331 S Rainbow is vacant and will require capital ex. (i.e. Elevator repair, roof repair, AC Repair, sprinkler installation, etc.)
1321 S Rainbow has a tenant in place (occupy 50% of the building). Owner-user with income!
Expenses estimated at $.45/SF per month
50,000 vehicles a day drive by.
Rainbow frontage
Very motivated Seller. AS-IS Where-IS. Recent 10% price reduction (A/O January 13, 2026)
Buildings available to be sold individually for $2,235,100 each or $4,470,200 for both buildings.
1331 S Rainbow is vacant and will require capital ex. (i.e. Elevator repair, roof repair, AC Repair, sprinkler installation, etc.)
1321 S Rainbow has a tenant in place (occupy 50% of the building). Owner-user with income!
Expenses estimated at $.45/SF per month
50,000 vehicles a day drive by.
Taxes & Operating Expenses (Actual - 2024) |
Annual |
|---|---|
| Gross Rental Income |
-
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
-
|
| Net Operating Income |
$112,356
|
Taxes & Operating Expenses (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Other Income | |
|---|---|
| Annual | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Net Operating Income | |
|---|---|
| Annual | $112,356 |
Property Facts
| Price | $2,235,100 | Number of Properties | 2 |
| Price / SF | $87.50 / SF | Individually For Sale | 0 |
| Cap Rate | 5.01% | Total Building Size | 25,544 SF |
| Sale Type | Investment or Owner User | Total Land Area | 0.74 AC |
| Status | Active |
| Price | $2,235,100 |
| Price / SF | $87.50 / SF |
| Cap Rate | 5.01% |
| Sale Type | Investment or Owner User |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 25,544 SF |
| Total Land Area | 0.74 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 1331 S Rainbow Blvd, Las Vegas, NV 89146 | Office | 12,772 SF | 1998 | - |
| 1321 S Rainbow Blvd, Las Vegas, NV 89146 | Office | 12,772 SF | 1998 | - |
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