1820 Lake Mead BlvdNorth Las Vegas, NV 89030

Property Details for 1820 Lake Mead Blvd

Year built

1979

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.91 AC

Property size (Sq ft)

23,890 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

139-23-601-009

APU

13923601009

Description

The Square, located at 1820 E Lake Mead Blvd, North Las Vegas, NV 89030, presents a compelling investment opportunity. This two-building, Class C property, totaling 28,129 square feet, offers a diverse mix of retail, office, and restaurant spaces. Built in 1979 and extensively renovated in 2018, the property features 15 suites across one story, with 9,094 square feet currently vacant. The property benefits from excellent street visibility and accessibility, situated at the signalized intersection of E Lake Mead Blvd and Mc Daniels St, directly across from North Vista Hospital. Convenient access is provided via Interstate 15 and RTC bus routes. The 2018 renovation included a new pylon sign. The property is zoned R-A DC in Clark County's North Las Vegas submarket. Tenant improvements are available upon approved credit. One immediately available space totals 2,250 square feet. This multi-tenant property offers a unique blend of medical office and creative office space, making it ideal for a variety of businesses. The property's location and recent renovations make it a highly attractive investment.

• CAP approach

  CAP return

  Valuation

  6%

  $6,875,010

  6.5%

  $6,346,160

  7%

  $5,892,870

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,977,820

  Geo Method

  $4,977,820

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $12,093,200

  Mixed-Use / Specialty

  $6,437,650

  Hospitality / Lodging

  $4,871,670

  Office

  $6,518,260

  Institutional / Educational

  $6,733,350

  Residential Income

  $7,878,010

  Multifamily

  $8,815,850

  Automotive / Energy

  $5,771,440

  Parking / Income-Based Land

  $1,878,910

  Restaurant / Food Service

  $3,591,810

  Healthcare / Senior Housing

  $6,484,670

Location Insight

City

North Las Vegas

County

Clark

State

Nevada

Latitude

36.1965

Longitude

-115.121

CBSA code

29820

CBSA name

LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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