Commercial Real Estate in Las Vegas | Reonomy

Commercial Real Estate in Las Vegas

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Popular searches around Las Vegas

Reonomy attracts a large community of Las Vegas commercial real estate professionals, including brokers, investors, roofers, contractors, appraisers, insurance providers, and more—many of which specialize in commercial properties.

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Las Vegas commercial real estate sold prices and values

Values and sold prices (last 24 months) United States Nevada Las Vegas
Average price/sqft $909 $7,243 $10,415
Average sold price $1,037,796 $1,999,109 $2,893,705
Median sold price $196,975 $358,806 $407,802
Number of sales 3,594,235 42,240 17,690
Number of sales over $250k 1,522,457 29,410 15,518
Number of sales over $1m 344,082 6,788 3,532
Number of sales over $10m 46,755 1,917 1,293
Average total tax amount $7,065 $3,610 $4,987
Average assessed value $252,208 $151,209 $219,092
Average market value $356,366 $415,461 $604,178

Las Vegas commercial real estate property averages

Property averages United States Nevada Las Vegas
Average lot size 816,546 sf 1,681,934 sf 1,036,889 sf
Median lot size 24,460 sf 29,552 sf 8,292 sf
Average building area 1,078 sf 432 sf 347 sf
Median building area 77 sf 152 sf 150 sf
Median year built 1970 1991 1993
Average number of units 16 28 57
Median number of units 2 2 4

Las Vegas commercial real estate total supply

Supply United States Nevada Las Vegas
Number of parcels 58,466,290 332,367 85,209
Aggregate lot acerage 1,006,250,046 9,568,756 1,612,534
Aggregate building area 8,055,341,670 sf 23,961,671 sf 9,868,843 sf
Aggregate units 90,014,181 1,057,130 706,141

Las Vegas commercial real estate industrial mortgages

Debt United States Nevada Las Vegas
Number of mortgages 41,925,990 292,775 139,944
Average value of mortgages $5,197,811 $28,236,713 $27,505,481

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