9755 Flamingo RdLas Vegas, NV 89147

Property Details for 9755 Flamingo Rd

Year built

2006

Construction

FRAME

Lot size

0.86 AC

Property size (Sq ft)

7,560 SF

Property type

Turn key restaurants

APN

163-19-511-025

APU

16319511025

Description

This exceptional retail opportunity is located within the Grand Flamingo Center, a single-story building totaling 50,651 square feet, situated at 9755 W Flamingo Rd, Las Vegas, NV 89147. The property boasts a highly desirable location at the busy interchange of I-215 and Flamingo Road, within the South Summerlin submarket. Currently, 6,803 square feet of contiguous retail space is available for lease, ideal for a variety of uses, including restaurants and other retail establishments. The flexible space can accommodate tenants seeking anywhere from 3,000 to 7,300 square feet. The building features a total of one suite, making this a unique opportunity for a single large tenant or a smaller tenant seeking a prominent location. The property's address is easily accessible and benefits from high visibility due to its strategic placement near a major highway intersection. This location offers excellent exposure to a large volume of daily traffic, ensuring significant foot traffic and potential customer reach. The Grand Flamingo Center presents a compelling investment opportunity for businesses seeking a prime retail location in a thriving Las Vegas submarket. The available space is ready for immediate occupancy, providing a seamless transition for new tenants. This is a rare chance to secure a prominent retail presence in a high-traffic area of Las Vegas.

• CAP approach

  CAP return

  Valuation

  6%

  $1,945,570

  6.5%

  $1,795,910

  7%

  $1,667,630

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,575,230

  Geo Method

  $1,575,230

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $3,576,000

  Mixed-Use / Specialty

  $1,759,690

  Hospitality / Lodging

  $1,252,200

  Office

  $1,718,180

  Institutional / Educational

  $1,818,710

  Residential Income

  $2,127,890

  Multifamily

  $2,717,400

  Automotive / Energy

  $1,558,900

  Parking / Income-Based Land

  $567,418

  Restaurant / Food Service

  $851,587

  Healthcare / Senior Housing

  $1,835,110

Location Insight

City

Las Vegas

County

Clark

State

Nevada

Latitude

36.1136

Longitude

-115.305

CBSA code

29820

CBSA name

LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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