Spencer Airport Center - office in Las Vegas, NV
Office

Spencer Airport Center

spencer airport center, las vegas, NV 89119

Price

Price on request

Price/Sq Ft

$1.30

Description

±9,852 SF Office Available For Lease Suite 102 is ±9,852 total SF, 100% office, fire sprinklers, metal halide / fluorescent strip lighting, 100% HVAC, and 3-phase, 120/208 volt, 3-phase power.  Available July 1, 2026 with potential for existing tenant to vacate prior to lease expiration contingent on agreed to terms.

Property description as provided by the listing source. PropZone adds independent market context, valuation estimates, and comparable listings.

Location

spencer airport center, las vegas, NV 89119

Marker
Leaflet © OpenStreetMap contributors

Financial Details

Lease TypeTriple Net (NNN)

Market Context

As of Q1 2026, the Las Vegas office market showed average asking rents near $30.42/SF/yr, and rents up 25.1% year over year. Source: multiple brokerages Q1 2026 market report.

Projected current pricing

low confidence
Projected asking rent
$30.42/SF/yr
Estimated sale value
$400–$520/SF

Modeled estimate (income approach) shown as a range — not an appraisal. Projected asking rent × occupancy × net-operating-income margin band ÷ market cap rate, from Q1 2026 multiple brokerages data (cap rate 3.5%, asking rent held flat).

View the full Las Vegas Office market report →

Rising rents point to a competitive market where well-priced, well-located space leases quickly.

Compare it against other office listings for lease in Las Vegas, NV to benchmark pricing and space — view the full market.

Unified Estimate

High Confidence
$2.96/SF/mo-$3.10/SF/mo
Mid: $2.96/SF/mo

Rate-first confidence-weighted blend with cost-of-business adjustment.

Lease Rate & Market Trend

Market report quarterly trend fallbackFIPS 32003

Low Confidence
  • Avg Rent ($/SF/mo) (market data)
Q2 '25Q1 '26$0$10$20$30$40
Market asking rent (quarterly avg)

Investment Analysis

Beta Feature: Investment Analysis is currently in beta testing. Metrics are calculated based on available financial data and market comparables. Results are for informational purposes and should not be considered financial advice. Verify all assumptions and consult with a financial advisor before making investment decisions.

Insufficient financial data for full analysis. Add more financial fields to improve metric coverage.

Market Employment Trend

YoY Growth:+1.9%
Avg Weekly Wage:$1,378

December 2025 • Source: BLS QCEW

Economic Indicators

30-Yr Mortgage:6.47%
CPI Inflation (YoY):4.2%

Source: FRED

Market Demographics

Census ACS 2024
Population2,329,548
Median Income$76k
College Educated24.9%↓ 8.5pp
Median Age38.5 yrs
Median Home Value$431k
Unemployment7.6%↑ 4.0pp

2024 American Community Survey 5-Year Estimates •Released annually by U.S. Census Bureau

Assumptions
  • Market comparison: office in las vegas, NV

More Office for Lease in Las Vegas, NV(5)

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Listed by

CBRE System Import