2080 Flamingo RdParadise, NV 89119
- Office properties
- 92,930 SF
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 properties
- Property subtype
- 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.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
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
- $21,031,942
- Hospitality
- $19,265,146
- Educational
- $16,028,375
- Medical
- $16,579,616
- Retail
- $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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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