7710 Cheyenne AveLas Vegas, NV 89129

Property Details for 7710 Cheyenne Ave

Year built

2000

Construction

CONCRETE

Lot size

2.31 AC

Property size (Sq ft)

31,074 SF

Property type

Office buildings

APN

138-09-821-010

APU

13809821010

Description

This exceptional investment opportunity presents a vacant, 33,980-square-foot Class B office building in Las Vegas, Nevada's Cheyenne Corporate Center. Located at 7710 W Cheyenne Ave, this single-story building, built in 2000, sits on a 2.31-acre lot and offers ample parking (4.85 spaces per 1,000 sq ft). Previously configured as a data center, it boasts $3 million in improvements, including CAT-6 cabling, fiber optics, and room for expansion. Three nearby generators provide backup power, and up to eleven telecommunication carriers are available. The property is zoned C-1 and is currently vacant, with an occupancy date of June 27, 2024. The asking price is $8,461,000 ($249/sq ft), representing a significant value below replacement cost. The building benefits from its location within a well-established mixed-use campus, including medical and retail tenants, and enjoys convenient access to major transportation arteries, US-95 and I-215. The property's proximity to major medical facilities, such as Mountainview Hospital and the Optum campus, further enhances its appeal. This turnkey data center presents an ideal owner-user opportunity with significant upside potential. The property's APN is 138-09-821-010.

• CAP approach

  CAP return

  Valuation

  6%

  $7,525,230

  6.5%

  $6,946,370

  7%

  $6,450,200

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,225,680

  Geo Method

  $6,225,680

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $12,909,900

  Retail / Commercial

  $6,770,080

  Mixed-Use / Specialty

  $6,864,090

  Hospitality / Lodging

  $5,189,790

  Institutional / Educational

  $7,178,110

  Residential Income

  $8,398,390

  Multifamily

  $9,417,600

  Automotive / Energy

  $6,152,670

  Parking / Income-Based Land

  $2,006,480

  Restaurant / Food Service

  $3,822,210

  Healthcare / Senior Housing

  $6,917,840

Location Insight

City

Las Vegas

County

Clark

State

Nevada

Latitude

36.2199

Longitude

-115.263

CBSA code

29820

CBSA name

LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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