1212 Wyoming StBoulder City, NV 89005

Property Details for 1212 Wyoming St

Year built

1940

Construction

FRAME

Lot size

0.19 AC

Property size (Sq ft)

5,781 SF

Property type

Medical offices

Property subtype

Medical centers

APN

186-09-110-135

APU

18609110135

Description

This exceptional investment opportunity presents a 5,781 square foot storefront located at 1212 Wyoming St, Boulder City, NV 89005. The property, built in 1932 and extensively renovated in 2006, boasts a 6.36% cap rate and is currently 100% occupied by a multi-tenant antique market operating under a modified lease. The building features a modern HVAC system, updated plumbing, a fire alarm system, and is ADA compliant. The current tenant enjoys a significant waitlist, demonstrating strong market demand. The 0.19-acre lot is zoned C2, offering potential for future expansion or increased income. While the building's interior images shown are from before the current tenant, they accurately reflect the space's size and layout. Two bathrooms are included. The property is being offered at $1,950,000 ($337.31/sq ft) and is suitable for a 1031 exchange. Public parking is available via the adjacent city-owned lot and street parking. Note that the current owner manages the property and employs staff who could potentially continue in their roles. All measurements and claims should be independently verified. Please do not disturb the tenants.

• CAP approach

  CAP return

  Valuation

  6%

  $1,548,968

  6.5%

  $1,429,817

  7%

  $1,327,687

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,158,223

  Geo Method

  $1,158,223

• Alternative Use

  Use

  Valuation

  Residential

  $1,772,973

  Hospitality

  $1,624,034

  Educational

  $1,351,177

  Medical

  $1,397,646

  Retail

  $2,101,831

Location Insight

City

Boulder City

County

Clark

State

Nevada

Latitude

35.9771

Longitude

-114.836

CBSA code

29820

CBSA name

LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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