2080 Flamingo RdParadise, NV 89119

Property Details for 2080 Flamingo Rd

Year built

1985

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

3.94 AC

Property size (Sq ft)

92,930 SF

Property type

Office buildings

APN

162-14-815-001

APU

16214815001

Description

This exceptional Las Vegas office property, the Flamingo Professional Center, offers 91,733 square feet of versatile space across two three-story buildings situated on a 4.25-acre lot (185,130 sq ft). Located in the desirable East Flamingo Office Corridor at 2080 E. Flamingo Rd., this Class B property boasts a prime location, directly across from Desert Springs Hospital and on the signalized corner of Flamingo Rd. and Burnham Ave. Built in 1985 and renovated in 2020, the center features 12 suites, with spaces ranging from 1,387 to 5,061 contiguous square feet, and a total of 32,700 square feet currently vacant. Amenities include ample parking (451 spaces), 10-foot ceilings, and a C-2 zoning designation. The property's diverse tenant mix includes medical, executive, creative, and traditional office spaces, as well as several government agencies. With its convenient location, modern updates, and flexible space options, the Flamingo Professional Center presents a compelling opportunity for businesses seeking a prominent presence in the thriving Las Vegas market. The property's parcel numbers are 162-14-815-001 & 002. The building has a 0.5 FAR.

• CAP approach

  CAP return

  Valuation

  6%

  $18,374,680

  6.5%

  $16,961,244

  7%

  $15,749,726

• Comparable approach

  Method

  Valuation

  Relative Method

  $18,618,526

  Geo Method

  $18,618,526

• Alternative Use

  Use

  Valuation

  Residential Income

  $21,031,942

  Hospitality / Lodging

  $19,265,146

  Institutional / Educational

  $16,028,375

  Healthcare / Senior Housing

  $16,579,616

  Retail / Commercial

  $24,933,028

Location Insight

City

Las Vegas

County

Clark

State

Nevada

Latitude

36.1157

Longitude

-115.124

CBSA code

29820

CBSA name

LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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