4585 Dean Martin DrLas Vegas, NV 89103

  • Retail properties
  • 5,191 SF
For Sale
$2,500,000 View listing

Property Details for 4585 Dean Martin Dr

Year built
2008
Construction
FRAME
Property size (Sq ft)
5,191 SF
Property type
Retail properties
Property subtype
Strip malls
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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • 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
4585 Dean Martin Dr, Las Vegas, Nevada

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$5,498
$59,956
$134,729
$194,685
-
$171,303
$384,940
$556,243

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