10410 Decatur BlvdLas Vegas, NV 89141

Property Details for 10410 Decatur Blvd

Year built

2015

Construction

FRAME

Lot size

0.71 AC

Property size (Sq ft)

2,555 SF

Property type

Office buildings

APN

177-30-412-006

APU

17730412006

Description

This exceptional 4,680 square foot, multi-tenant retail property in Las Vegas, Nevada, is anchored by a Dairy Queen and State Farm Insurance. Located at 10410 S Decatur Blvd, this 100% occupied, single-story building boasts a strong NOI of $219,295 and a 6.00% cap rate. Built in 2015, the property sits on a 0.71-acre lot zoned Commercial General (CG) and features four tenants under a NNN lease. The property benefits from its prime location within Cactus Marketplace, a thriving neighborhood retail center, experiencing high traffic counts exceeding 44,900 vehicles per day on Decatur Blvd. Its strategic position near major freeways (I-15 and CC 215 Beltway) and proximity to affluent master-planned communities like Southern Highlands and Mountain's Edge, with a combined 250,000+ homes, ensures a robust customer base. The area's strong demographics, including an average household income of $117,113 within a 5-mile radius, and significant future development, including a planned HCA hospital and Station Casinos project, further enhance the investment potential. This stabilized asset presents a compelling opportunity for investors seeking a high-performing retail investment in a rapidly growing Las Vegas submarket. The asking price is $3,655,000. APN: 177-30-412-006.

• CAP approach

  CAP return

  Valuation

  6%

  $846,753

  6.5%

  $781,618

  7%

  $725,788

• Comparable approach

  Method

  Valuation

  Relative Method

  $511,894

  Geo Method

  $511,894

• Alternative Use

  Use

  Valuation

  Residential

  $969,206

  Hospitality

  $887,788

  Educational

  $738,629

  Medical

  $764,032

  Retail

  $1,148,979

Location Insight

City

Las Vegas

County

Clark

State

Nevada

Latitude

36.0001

Longitude

-115.207

CBSA code

29820

CBSA name

LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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