7380 Eastern AveLas Vegas, NV 89123

Property Details for 7380 Eastern Ave

Year built

1990

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

6.33 AC

Property size (Sq ft)

66,168 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

177-12-110-002

APU

17712110002

Description

Warm Springs Plaza, a 71,650 square foot Class B retail center in Las Vegas, Nevada, presents a compelling investment opportunity. Located at 7380 S Eastern Ave, 89123, this multi-building, single-story center sits on 6.33 acres of land and boasts a prime location at the intersection of Eastern Ave. and Warm Springs Rd., within the Airport submarket. The property features a mix of retail tenants, including a Dollar Tree anchor, and is zoned C-2 (Clark County). With a minimum divisible space of 1,200 square feet and a maximum contiguous space of 10,400 square feet, it offers flexibility for various businesses. Built in 1990, the center benefits from high traffic counts on Eastern Avenue, a major north/south arterial. Its proximity to Harry Reid International Airport (one mile north) and the 323-acre Sunset Regional Park enhances its appeal. The property is situated in a densely populated area, with nearly 400,000 people residing within a five-mile radius, and is just west of the affluent Green Valley neighborhood. For qualified restaurant operators, the landlord is willing to build out a first-generation space, including a hood and grease trap. The property's APN is 177-12-110-002. This well-positioned retail center offers significant potential for growth and return on investment.

• CAP approach

  CAP return

  Valuation

  6%

  $20,549,398

  6.5%

  $18,968,674

  7%

  $17,613,768

• Comparable approach

  Method

  Valuation

  Relative Method

  $33,407,032

  Geo Method

  $33,407,032

• Alternative Use

  Use

  Valuation

  Residential

  $16,000,786

  Hospitality

  $14,656,634

  Educational

  $12,194,148

  Medical

  $12,613,523

  Retail

  $18,968,674

Location Insight

City

Las Vegas

County

Clark

State

Nevada

Latitude

36.056

Longitude

-115.117

CBSA code

29820

CBSA name

LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].