1717 S Eastern Ave
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1717 S Eastern Ave
1,038 SF Office Building Las Vegas, NV 89104 £230,535 (£222.10/SF) 8.20% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Hight traffic exposure, easy access to freeway, single story building with private parking
EXECUTIVE SUMMARY
Perfect for insurance, taxes, multi services, notary offices, Professional and Business Services ready to move in, potential for three private offices, waiting area and reception area.
FINANCIAL SUMMARY (ACTUAL - 2023) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
£19,437
|
£13.18
|
| Other Income |
-
|
-
|
| Vacancy Loss |
£1,620
|
£1.10
|
| Effective Gross Income |
£17,817
|
£12.08
|
| Taxes |
£656
|
£0.44
|
| Operating Expenses |
£2,005
|
£1.36
|
| Total Expenses |
£2,661
|
£1.80
|
| Net Operating Income |
£15,156
|
£10.28
|
FINANCIAL SUMMARY (ACTUAL - 2023)
| Gross Rental Income | |
|---|---|
| Annual | £19,437 |
| Annual Per SF | £13.18 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | £1,620 |
| Annual Per SF | £1.10 |
| Effective Gross Income | |
|---|---|
| Annual | £17,817 |
| Annual Per SF | £12.08 |
| Taxes | |
|---|---|
| Annual | £656 |
| Annual Per SF | £0.44 |
| Operating Expenses | |
|---|---|
| Annual | £2,005 |
| Annual Per SF | £1.36 |
| Total Expenses | |
|---|---|
| Annual | £2,661 |
| Annual Per SF | £1.80 |
| Net Operating Income | |
|---|---|
| Annual | £15,156 |
| Annual Per SF | £10.28 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Building Size
1,038 SF
Building Class
C
Year Built
1957
Price
£230,535
Price Per SF
£222.10
Net Initial Yield
8.20%
NOI
£18,897
Tenancy
Single
Number of Floors
1
Typical Floor Size
1,038 SF
Building FAR
0.20
Lot Size
0.12 AC
Zoning
P-R - Offices, Professional and Business Services, get in itis the perfect location for tax services, multiservices, notary services, insurance company
Parking
4 Spaces (3.85 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
- Bus Route
- Signage
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PROPERTY TAXES
| Parcel Number | 162-01-310-197 | Total Assessment | £23,782 (2024) |
| Land Assessment | £11,995 (2024) | Annual Taxes | £656 (£0.63/sf) |
| Improvements Assessment | £11,787 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
162-01-310-197
Land Assessment
£11,995 (2024)
Improvements Assessment
£11,787 (2024)
Total Assessment
£23,782 (2024)
Annual Taxes
£656 (£0.63/sf)
Tax Year
2023
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1717 S Eastern Ave
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