4585 Dean Martin DrLas Vegas, NV 89103

Property Details for 4585 Dean Martin Dr

Year built

2008

Construction

FRAME

Property size (Sq ft)

5,191 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

162-20-312-329

APU

16220312329

Description

This exceptional 5,191 square foot ground floor retail space, located at 4585 Dean Martin Dr, Las Vegas, NV 89103, presents a rare investment or owner-user opportunity. Part of the prestigious Panorama Towers, a Class A building constructed in 2008, this vacant property boasts unparalleled exposure to over 220,000 vehicles daily. Its strategic location directly across from the T-Mobile Arena, City Center, and the Las Vegas Strip ensures high visibility and accessibility. The property is situated within a high-end residential complex, anchored by some of the most luxurious condominium towers in Las Vegas, offering a unique blend of residential and commercial synergy. The space is zoned CT/UV and features one story within a single building. The asking price is $2,500,000, translating to $481.60 per square foot. This property offers a unique chance to establish a business in one of Las Vegas's most desirable locations, benefiting from its world-class architecture and proximity to major attractions. The APN is 162-20-312-329. This is an owner/user investment. The property is currently vacant, resulting in a $0 NOI and a 0.00% cap rate.

• CAP approach

  CAP return

  Valuation

  6%

  $1,657,750

  6.5%

  $1,530,231

  7%

  $1,420,928

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,620,842

  Geo Method

  $2,620,842

• Alternative Use

  Use

  Valuation

  Residential

  $1,290,807

  Hospitality

  $1,182,372

  Educational

  $983,720

  Medical

  $1,017,551

  Retail

  $1,530,231

Location Insight

City

Las Vegas

County

Clark

State

Nevada

Latitude

36.1069

Longitude

-115.182

CBSA code

29820

CBSA name

LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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