3960 Howard Hughes PkwyLas Vegas, NV 89109

Property Details for 3960 Howard Hughes Pkwy

Year built

1998

Construction

STEEL FRAME

Lot size

2.26 AC

Property size (Sq ft)

170,395 SF

Property type

Office buildings

APN

162-16-811-017

APU

16216811017

Description

This Class A, 18,539 square foot office building at 3960 Howard Hughes Parkway, 5th Floor, Las Vegas, NV 89109, offers a variety of flexible workspace solutions. Located in the heart of the central business district within the Hughes Center complex, this property boasts a prestigious address, minutes from the airport and the 215 freeway. The building features 350 suites, with a minimum divisible space of 10 square feet and a maximum contiguous space of 1,300 square feet. Currently, 5,970 square feet are vacant. Amenities include floor-to-ceiling windows offering inspiring city views, a lounge area, and fitness facilities. The building underwent renovations in 2019 and includes elevators. Office space options range from private, fully furnished, and equipped offices for individuals or large companies to custom spaces, disaster recovery solutions, and day offices. A benefits program with exclusive discounts and procurement support is also available. This property is ideal for businesses seeking a prime location with flexible and adaptable workspace options in a vibrant, central Las Vegas location. The building is situated in Clark County and offers a variety of office subtypes including executive office, coworking, and creative office spaces.

• CAP approach

  CAP return

  Valuation

  6%

  $33,691,528

  6.5%

  $31,099,872

  7%

  $28,878,454

• Comparable approach

  Method

  Valuation

  Relative Method

  $34,138,640

  Geo Method

  $34,138,640

• Alternative Use

  Use

  Valuation

  Residential

  $38,563,840

  Hospitality

  $35,324,272

  Educational

  $29,389,380

  Medical

  $30,400,126

  Retail

  $45,716,812

Location Insight

City

Las Vegas

County

Clark

State

Nevada

Latitude

36.1167

Longitude

-115.157

CBSA code

29820

CBSA name

LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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