507 S Decatur Blvd

1,955 SF Office Building Las Vegas, NV 89107 $430,000 ($220/SF) 7.19% Cap Rate

INVESTMENT HIGHLIGHTS

  • Heavy day time traffic
  • Open plan office space with spacious main area that can be used as a showroom
  • Lots of Natural Light

EXECUTIVE SUMMARY

Prime Executive Office Space with High Visibility on Decatur Blvd (investment Opportunity)
With an impressive layout featuring 4 spacious offices and a sprawling main area that can double as a showroom, this property is poised to elevate your business endeavors. Nestled for maximum visibility along bustling Decatur Blvd, its strategic location ensures your brand will be seen by a multitude of potential clients.
Property Highlights:
-Frontage Visibility: Positioned along Decatur Blvd, your business will benefit from high exposure and foot traffic, making it ideal for a wide range of ventures seeking maximum visibility.
-Private Parking: Convenience meets functionality with 12 dedicated parking spaces, ensuring easy access for both clients and employees.
-This property underwent extensive renovations in 2022. Modern aesthetics, quality finishes, and a polished interior create an impressive setting for meetings and presentations.
-Surrounded by a blend of businesses and residential areas, this location strikes the perfect balance between professional opportunities and daily convenience.

FINANCIAL SUMMARY (ACTUAL - 2023)

ANNUAL ANNUAL PER SF
Gross Rental Income $30,000 $15.35
Other Income - -
Vacancy Loss - -
Effective Gross Income $30,000 $15.35
Net Operating Income - -

PROPERTY FACTS

Sale Type
Investment
Sale Condition
Ground Lease (Leasehold)
Property Type
Office
Building Size
1,955 SF
Building Class
C
Year Built
1955
Price
$430,000
Price Per SF
$220
Cap Rate
7.19%
NOI
$30,900
Tenancy
Single
Building Height
1 Story
Typical Floor Size
1,955 SF
Building FAR
0.26
Lot Size
0.17 AC
Opportunity Zone
Yes
Zoning
PR, Las Vegas - Professional offices.
Parking
12 Spaces (4.55 Spaces per 1,000 SF Leased)

AMENITIES

  • 24 Hour Access
  • Bus Line
  • Fenced Lot
  • Signage
  • Central Heating
  • Fully Carpeted
  • Natural Light
  • Yard
  • Air Conditioning

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Universal Church Inc
  • Services
  • 1,955 SF
  • $1.30
  • Net
  • May 2026
TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Universal Church Inc Services 1,955 SF $1.30 Net May 2026
Walk Score®
Very Walkable (79)

PROPERTY TAXES

  • Listing ID: 29270073

  • Date on Market: 8/14/2023

  • Last Updated:

  • Address: 507 S Decatur Blvd, Las Vegas, NV 89107