5215 Ponderosa WayLas Vegas, NV 89118

Property Details for 5215 Ponderosa Way

Year built

2006

Construction

FRAME

Lot size

2.07 AC

Property size (Sq ft)

18,362 SF

Property type

Office buildings

APN

163-36-601-024

APU

16336601024

Description

Ponderosa Office Park offers exceptional office space in a vibrant southwest Las Vegas location. This well-maintained property boasts a convenient location, just minutes from the I-215 and I-15 freeways, providing easy access to Harry Reid International Airport and Allegiant Stadium (within 10 minutes). Constructed in 2008, the park comprises three buildings totaling 27,458 square feet. Currently, two office suites are available, ranging in size from 2,200 to 5,617 square feet, perfect for businesses seeking flexible space options. The property features numerous amenities designed to enhance productivity and comfort. These include spacious conference rooms ideal for meetings and presentations, comfortable break areas for employee relaxation, and a well-maintained, landlord-provided HVAC system ensuring a consistently comfortable environment. Abundant natural light floods the spaces, creating a bright and inviting atmosphere. Security systems are in place for peace of mind, and ample covered parking is available for tenants and visitors. The park is beautifully landscaped, creating a pleasant and professional setting. This is a prime opportunity for businesses seeking high-quality office space in a highly accessible and desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $3,989,061

  6.5%

  $3,682,210

  7%

  $3,419,195

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,678,827

  Geo Method

  $3,678,827

• Alternative Use

  Use

  Valuation

  Residential

  $4,565,940

  Hospitality

  $4,182,377

  Educational

  $3,479,688

  Medical

  $3,599,360

  Retail

  $5,412,848

Location Insight

City

Las Vegas

County

Clark

State

Nevada

Latitude

36.0801

Longitude

-115.213

CBSA code

29820

CBSA name

LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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