1400 Wyoming StBoulder City, NV 89005

Property Details for 1400 Wyoming St

Year built

2001

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.07 AC

Property size (Sq ft)

5,342 SF

Property type

Office buildings

APN

186-09-102-001

APU

18609102001

Description

This exceptional investment opportunity presents a fully leased, mixed-use building in historic Boulder City, Nevada. The property, located at 1400 Wyoming St, boasts 5,342 square feet of net rentable space across a two-story building constructed in 2001. Currently operating at 100% occupancy, the property generates a strong net operating income (NOI) of $66,405, yielding an attractive 5.11% capitalization rate. The building sits on a 0.07-acre lot and is zoned C2, allowing for flexibility in future uses. Currently configured as one residential space and five commercial spaces, there's potential to create one or two additional units. The property's prime location in a high-traffic area ensures consistent tenant demand and opportunities for future rent increases. This well-maintained building offers a blend of historic charm and modern functionality, making it an ideal investment for discerning buyers seeking a stable, high-yielding asset in a thriving Nevada community. The asking price is $1,300,000.

• CAP approach

  CAP return

  Valuation

  6%

  $1,431,342

  6.5%

  $1,321,239

  7%

  $1,226,865

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,070,270

  Geo Method

  $1,070,270

• Alternative Use

  Use

  Valuation

  Residential

  $1,638,336

  Hospitality

  $1,500,707

  Educational

  $1,248,571

  Medical

  $1,291,511

  Retail

  $1,942,221

Location Insight

City

Boulder City

County

Clark

State

Nevada

Latitude

35.9769

Longitude

-114.838

CBSA code

29820

CBSA name

LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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