1717 S Eastern Ave
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1717 S Eastern Ave
1,298 SF Office Building Las Vegas, NV 89104 $325,000 ($250/SF) 7.54% Cap Rate
Investment Highlights
- Hight traffic exposure, easy access to freeway, single story building with private parking
Executive Summary
Perfect for insurance, taxes, multi services, notary offices, Professional and Business Services ready to move in, potential for three private offices, waiting area and reception area
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$25,200
|
$19.41
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$2,100
|
$1.62
|
| Effective Gross Income |
$23,100
|
$17.80
|
| Taxes |
$850
|
$0.65
|
| Operating Expenses |
$2,600
|
$2.00
|
| Total Expenses |
$3,450
|
$2.66
|
| Net Operating Income |
$19,650
|
$15.14
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $25,200 |
| Annual Per SF | $19.41 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $2,100 |
| Annual Per SF | $1.62 |
| Effective Gross Income | |
|---|---|
| Annual | $23,100 |
| Annual Per SF | $17.80 |
| Taxes | |
|---|---|
| Annual | $850 |
| Annual Per SF | $0.65 |
| Operating Expenses | |
|---|---|
| Annual | $2,600 |
| Annual Per SF | $2.00 |
| Total Expenses | |
|---|---|
| Annual | $3,450 |
| Annual Per SF | $2.66 |
| Net Operating Income | |
|---|---|
| Annual | $19,650 |
| Annual Per SF | $15.14 |
Property Facts
Sale Type
Investment
Property Type
Building Size
1,298 SF
Building Class
C
Year Built
1957
Price
$325,000
Price Per SF
$250
Cap Rate
7.54%
NOI
$24,500
Tenancy
Single
Building Height
1 Story
Typical Floor Size
1,298 SF
Building FAR
0.25
Land Acres
0.12 AC
Zoning
P-R - Offices, Professional and Business Services
Parking
3 Spaces (2.31 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Bus Line
- Signage
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PROPERTY TAXES
| Parcel Number | 162-01-310-197 | Total Assessment | $30,111 (2024) |
| Land Assessment | $14,636 (2024) | Annual Taxes | $850 ($0.65/SF) |
| Improvements Assessment | $15,475 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
162-01-310-197
Land Assessment
$14,636 (2024)
Improvements Assessment
$15,475 (2024)
Total Assessment
$30,111 (2024)
Annual Taxes
$850 ($0.65/SF)
Tax Year
2023
-
Mary Carmen Ruiz -
LIFE Realty District
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1717 S Eastern Ave
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