2610 Jones BlvdLas Vegas, NV 89146

Property Details for 2610 Jones Blvd

Year built

2003

Construction

FRAME

Property size (Sq ft)

5,391 SF

Property type

Office buildings

APN

163-12-114-001

APU

16312114001

Description

This exceptional investment opportunity presents a single-tenant, 10,870-square-foot medical office building in Las Vegas, Nevada. Located at 2610 S Jones Blvd, within the Shea Professional Plaza, this Class B property boasts 100% occupancy with a long-term tenant—a well-established Rapid Care Medical Clinic—operating for over 14 years. The clinic occupies the entire building, offering a diverse range of services including medical care, chiropractic, pharmacy, private MD services, a med spa, injury attorney services, x-ray, and ultrasound. The building, constructed in 2003, sits on a 1.13-acre lot zoned C-P (Commercial Professional), providing excellent street visibility on South Jones Boulevard. The property features 60 parking spaces and benefits from a modified net lease with a remaining term of approximately 0.9 years, followed by two 5-year lease options. The current lease includes annual rent bumps of 3%. The asking price is $3,335,000, representing a compelling cap rate of 5.47% and a price per square foot of $306.81. The property's strong tenant history, favorable lease terms, and prime location make it an attractive investment prospect. The Net Operating Income (NOI) is $182,311. The property consists of one single-story building and includes two separate parcels (APN: 163-12-114-001, 163-12-114-002). The lease commenced on July 15, 2020, and is set to expire on October 15, 2025.

• CAP approach

  CAP return

  Valuation

  6%

  $1,171,170

  6.5%

  $1,081,080

  7%

  $1,003,860

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,080,087

  Geo Method

  $1,080,087

• Alternative Use

  Use

  Valuation

  Residential

  $1,340,539

  Hospitality

  $1,227,927

  Educational

  $1,021,621

  Medical

  $1,056,756

  Retail

  $1,589,188

Location Insight

City

Las Vegas

County

Clark

State

Nevada

Latitude

36.142

Longitude

-115.225

CBSA code

29820

CBSA name

LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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