3300 Cimarron RdLas Vegas, NV 89129

Property Details for 3300 Cimarron Rd

Year built

2000

Construction

CONCRETE

Lot size

3.51 AC

Property size (Sq ft)

28,095 SF

Property type

Office properties

Property subtype

Office buildings

APN

138-09-821-008

APU

13809821008

Description

This exceptional investment opportunity presents a single-story, 28,545-square-foot Class B office building in Las Vegas, Nevada. Located at 3300 N Cimarron Rd, within the established Cheyenne Corporate Center, this property boasts 100% occupancy with a long-term lease (expiring June 2030) to TPx Communications, utilizing the space for call center and training operations. The tenant has a significant history in the center, also leasing 39,478 square feet in another building within the complex, and benefits from an antenna and generator access. The building sits on a 3.51-acre lot, zoned C-1, and features a strong 7.50% cap rate with a net operating income (NOI) of $573,977 and an asking price of $7,653,000 ($268.10/sq ft). Built in 2000, this property benefits from minimal management responsibilities due to the well-managed Cheyenne Corporate Center's homeowner's association, which oversees common areas. The surrounding area includes a mix of office, medical, and retail tenants, with nearby medical facilities such as MountainView Hospital and an Optum campus. Convenient access to US-95 and I-215 highways ensures excellent accessibility for both tenants and investors. This property represents a compelling investment opportunity, priced below replacement cost, in a thriving Las Vegas location. The property's APN is 138-09-821-008.

• CAP approach

  CAP return

  Valuation

  6%

  $6,003,358

  6.5%

  $5,541,561

  7%

  $5,145,736

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,628,834

  Geo Method

  $5,628,834

• Alternative Use

  Use

  Valuation

  Residential

  $6,871,536

  Hospitality

  $6,294,290

  Educational

  $5,236,775

  Medical

  $5,416,876

  Retail

  $8,146,095

Location Insight

City

Las Vegas

County

Clark

State

Nevada

Latitude

36.2209

Longitude

-115.264

CBSA code

29820

CBSA name

LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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