3785 Sunset RdLas Vegas, NV 89120

Property Details for 3785 Sunset Rd

Year built

1998

Construction

FRAME

Lot size

1.42 AC

Property size (Sq ft)

16,250 SF

Property type

Office buildings

APN

178-06-101-061

APU

17806101061

Description

This exceptional Class B office building, totaling 16,250 square feet, is ideally situated at the corner of East Sunset Road and Sandhill Road in the Sunset Road Corridor of Southeast Las Vegas, bordering Henderson and Green Valley. Built in 1998 and renovated in 2021, the single-story building offers excellent visibility and features three suites across three buildings, with 15,500 square feet currently vacant. The property boasts a 12-foot ceiling height in the main area, with 9-foot ceilings in individual offices, creating a versatile space suitable for coworking, medical offices, or creative office uses. The building offers a generous 5:1000 parking ratio, including ample covered parking in the rear and excellent street frontage. Electrical service is robust, featuring 450A of 3-phase 4-wire 120/208Y power, supported by two separate IT rooms. Three restroom sections and a private courtyard add to the property's appeal. The 1.42-acre lot is zoned C-P Clark County. The landlord is currently seeking tenants for the entire vacant space (15,500 SF) and will consider a 5,000 SF lease once the remaining space is leased. Attractive lease rates are available, starting at $1.35 NNN with estimated NNNs of $0.38. Tenant improvement allowances and rent concessions may be available. This location provides easy access to major transportation arteries, including the 215 Connector.

• CAP approach

  CAP return

  Valuation

  6%

  $3,433,105

  6.5%

  $3,169,020

  7%

  $2,942,662

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,255,688

  Geo Method

  $3,255,688

• Alternative Use

  Use

  Valuation

  Residential

  $3,929,585

  Hospitality

  $3,599,479

  Educational

  $2,994,724

  Medical

  $3,097,717

  Retail

  $4,658,460

Location Insight

City

Las Vegas

County

Clark

State

Nevada

Latitude

36.0708

Longitude

-115.092

CBSA code

29820

CBSA name

LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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