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.
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
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 |
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Walk Score®
Very Walkable (79)
PROPERTY TAXES
Parcel Number | 139-31-310-134 | Improvements Assessment | $27,112 (2024) |
Land Assessment | $36,285 (2024) | Total Assessment | $63,397 (2024) |