1925 Village Center CirLas Vegas, NV 89134

Property Details for 1925 Village Center Cir

Year built

2005

Construction

FRAME

Lot size

0.95 AC

Property size (Sq ft)

9,846 SF

Property type

Office buildings

APN

138-19-720-002

APU

13819720002

Description

This exceptional 4,056 square foot office space, located at 1925 Village Center Circle in the prestigious Hills Center Business Park of Summerlin, Las Vegas, Nevada, is now available for lease. The suite, designated as Suite 150, is an endcap unit offering a versatile layout ideal for a variety of businesses. The space includes twelve private offices, providing ample room for individual work or team collaboration. In addition to the private offices, there is open space perfect for a collaborative work environment or flexible use. A convenient break room and restrooms are also included within the suite. The property is zoned P-C and features a minimum divisible space of 120 square feet, making it suitable for businesses of various sizes. The total building size is 9,734 square feet, and the property is situated near the intersection of Summerlin Parkway and Town Center. The property's address is 1925 Village Center Cir, Las Vegas, NV 89134. The space is available for lease starting December 1st, 2024. This location offers excellent access to Summerlin's amenities and is part of a thriving business community. The property's diverse zoning allows for various business types, including coworking, executive office, traditional office, creative office, and medical office uses. The APN is 138-19-720-002.

• CAP approach

  CAP return

  Valuation

  6%

  $3,683,680

  6.5%

  $3,400,320

  7%

  $3,157,440

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,972,650

  Geo Method

  $1,972,650

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $6,413,050

  Retail / Commercial

  $3,343,670

  Mixed-Use / Specialty

  $3,375,160

  Hospitality / Lodging

  $2,532,760

  Institutional / Educational

  $3,524,320

  Residential Income

  $4,123,450

  Multifamily

  $4,704,790

  Automotive / Energy

  $3,020,840

  Parking / Income-Based Land

  $999,569

  Restaurant / Food Service

  $1,848,090

  Healthcare / Senior Housing

  $3,416,650

Location Insight

City

Las Vegas

County

Clark

State

Nevada

Latitude

36.1926

Longitude

-115.304

CBSA code

29820

CBSA name

LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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