For Sale
$2,750,000

8678 Spring Mountain RdLas Vegas, NV 89117

Fully occupied, high-income area, great ROI.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a fully occupied, single-story office building totaling 9,687 square feet situated on a 0.72-acre lot in the desirable West Las Vegas submarket. The property, built in 2000, boasts a strong 6.45% cap rate and a substantial net operating income (NOI) of $187,000, reflecting a 100% occupancy rate. The building is comprised of three units, currently leased to a mix of tenants. A prominent neck and back clinic occupies a significant portion of the space under a lease extending through November 2028. Another tenant is on a month-to-month agreement, and a third tenant's lease expires in July 2024, with a two-year renewal option. The property is zoned Commercial Professional (CP) and enjoys a prime location at 8678 Spring Mountain Rd, Las Vegas, NV 89117, conveniently located north of the northwest corner of Durango and Spring Mountain Roads, directly across from Desert Breeze Park. Its strategic position offers easy access to Summerlin, The Lakes, and the 215 freeway, catering to a high-income demographic with a median household income exceeding $63,642 within a 3-mile radius. This presents a compelling investment opportunity with significant potential for long-term growth and stable cash flow. The asking price is $2,750,000. APN: 163-17-515-028.

Highlights

  • Fully occupied, 9,687 SF single-story office building on a 0.72-acre lot.
  • Prime location at 8678 Spring Mountain Rd, Las Vegas, NV 89117, near Durango & Spring Mountain Rds, across from Desert Breeze Park.
  • Strong 6.45% cap rate and $187,000 NOI.
  • Median household income exceeding $63,642 within a 3-mile radius, with easy access to Summerlin, The Lakes, and the 215 freeway.

Property Details for 8678 Spring Mountain Rd

Property type
Office properties, Medical offices
Square Feet
9,687 SF
Class
B
Year Built
2000
Buildings
1
Stories
1
Lot Size (sq. ft)
31,363 SF
Units
3

Location Insight

City
Las Vegas
County
Clark
State
Nevada
Latitude
36.127413864659
Longitude
-115.28065262099
8678 Spring Mountain Rd, Las Vegas, Nevada

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8678 Spring Mountain Rd
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