8367 Flamingo RdLas Vegas, NV 89147

Property Details for 8367 Flamingo Rd

Year built

1999

Construction

STEEL FRAME

Lot size

0.08 AC

Property size (Sq ft)

15,244 SF

Property type

Office buildings

APN

163-21-120-006

APU

16321120006

Description

This 828 square foot, newly remodeled traditional office space presents a unique owner-user and income investment opportunity. Located at 8367 West Flamingo Road #202, Las Vegas, NV 89147, this single-tenant building boasts a prime location near Flamingo Road and Cimarron Road in Clark County. Built in 2023, the two-story building (APN 163-21-120-010) offers excellent accessibility, less than 1.5 miles from the CC 215 Beltway, providing quick access to Summerlin and central Las Vegas. Enjoy convenient proximity to The Summit Club (5 minutes), The Ridges (5 minutes), and Red Rock CC (10 minutes). The property benefits from superior visibility, fronting West Flamingo Road, a major thoroughfare with over approximately 37,000 cars passing daily. The building features turn-key interior improvements, with planned updates to common areas. This is an exceptional opportunity for an owner-occupier seeking income generation or an investor looking for a strong return. The unit is also available for lease.

• CAP approach

  CAP return

  Valuation

  6%

  $3,311,690

  6.5%

  $3,056,944

  7%

  $2,838,591

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,054,136

  Geo Method

  $3,054,136

• Alternative Use

  Use

  Valuation

  Residential

  $3,790,611

  Hospitality

  $3,472,179

  Educational

  $2,888,812

  Medical

  $2,988,163

  Retail

  $4,493,708

Location Insight

City

Las Vegas

County

Clark

State

Nevada

Latitude

36.1143

Longitude

-115.273

CBSA code

29820

CBSA name

LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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