4885 Flamingo RdLas Vegas, NV 89121

Property Details for 4885 Flamingo Rd

Year built

1977

Construction

STEEL FRAME

Lot size

0.62 AC

Property size (Sq ft)

5,528 SF

Property type

Retail properties

Property subtype

Auto shops

APN

161-20-502-005

APU

16120502005

Description

Exceptional investment opportunity: a combined 8,068 square foot auto shop and convenience store located at 4885 E Flamingo Rd, Las Vegas, NV 89121. This fee-simple property sits on a substantial 27,007 square foot lot, zoned C-1, allowing for diverse commercial uses. The existing building, constructed in 1977 and renovated in 2004, comprises three single-story structures. Currently configured as an auto shop, it includes lifts and machinery, which are included in the sale. The asking price is $2,888,000, with a pro-forma NOI of $192,000 and a 6.65% cap rate. The property features a short-term lease expiring May 31, 2025, making it ideal for an owner-user. Its high-traffic location at the intersection of Flamingo Road and Boulder Highway in Clark County provides excellent visibility and accessibility. The property's strategic location benefits from Las Vegas's robust population growth and proximity to major transportation arteries. This turnkey operation presents a rare chance to acquire a well-established business with significant upside potential. The sale includes existing tools, parts, and machinery. Serious inquiries only. Do not disturb the occupant.

• CAP approach

  CAP return

  Valuation

  6%

  $1,853,869

  6.5%

  $1,711,263

  7%

  $1,589,030

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,790,988

  Geo Method

  $2,790,988

• Alternative Use

  Use

  Valuation

  Residential

  $1,443,515

  Hospitality

  $1,322,252

  Educational

  $1,100,098

  Medical

  $1,137,932

  Retail

  $1,711,263

Location Insight

City

Las Vegas

County

Clark

State

Nevada

Latitude

36.1141

Longitude

-115.067

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].