Las Vegas Commercial Real Estate

Imagine this scenario for commercial office building in excellent very high-end location. Locate on very busy street, excellent visibility from street, business oriented hotel located behind the office, and next to high-end restaurant row.
Monthly rent income: $53,000
1st loan payment: $18,500c covering 45% of purchase price, assumable loan with good interest rate (6.75%)
2nd loan payment: $20,000 […]

From time to time I check commercial real estate deals in other cities. Not that I understand their market, and cannot really judge how good the deal is, but it helps me understand mine local deals. It also open your eyes to look for new opportunities beyond your own backyard.
We have […]

Here is an interesting piece of land suitable for office building or retail. Location: Sahara & Decatur. It is actually next to our former office, we have leased 2 years ago. Size 0.83 acres (36,154 sq. feet).
Price: $1,500,000. I personally don’t like the billboard build in front on the property, but generally this is really […]

Here is very quick and approximate cheat sheet for estimating how much can you build on vacant land with commercial zoning in Las Vegas. Please always check exact zoning, parking situation, etc. For quick estimates use the following:
- If you are building one story building (office, retail) you will be able to get […]

I was looking recently at some of the comps for office buildings. Some of the deals especially in the higher price range were sold for very reasonably price per sq. foot when comparing to new office buildings on the market.
Past sales:
List Price: $11,400,000, building sq. feet: 55,535, sold for $10,000. Price per sq. […]