2285 Flamingo RdLas Vegas, NV 89119

Property Details for 2285 Flamingo Rd

Year built

2008

Construction

FRAME

Lot size

0.64 AC

Property size (Sq ft)

8,504 SF

Property type

Healthcare properties

Property subtype

Medical offices

APN

162-23-504-020

APU

16223504020

Description

This exceptional 8,504 square foot medical office building, situated on 64 acres at 2285 E. Flamingo Rd, Las Vegas, NV 89119, presents a unique investment opportunity. Built in 2008, this single-story building features three suites, with 6,358 square feet currently vacant and a minimum divisible space of 1,650 square feet, allowing for flexibility in tenant occupancy. The maximum contiguous space available is 6,358 square feet. The property enjoys a prime location in the Flamingo Corridor submarket, offering excellent visibility and accessibility. Its central location provides easy access to major freeways (I-15/US-95), the Las Vegas Strip, UNLV, and Harry Reid International Airport, all within a 10-minute radius. The building benefits from high daily traffic counts exceeding 80,000 vehicles due to its proximity to a section-line intersection and numerous high-demand businesses including Starbucks, McDonald's, Carl's Jr., Dunkin', and Mariana's Supermarket. The property is zoned Commercial General (CG), allowing for a wide range of business uses. Medical tenants will appreciate the synergy with nearby Kindred Hospital, Sunrise Hospital, and the Las Vegas Spine and Pain Center. The building serves a substantial population of over 70,000 households within a 3-mile radius. One vacant suite (approximately 4,708 square feet) is a turn-key professional medical suite featuring a large reception area, multiple restrooms, a lab, break room, seven exam rooms, three private offices, and a large open area suitable for various uses, including physical therapy or training. High-visibility signage opportunities are also available.

• CAP approach

  CAP return

  Valuation

  6%

  $1,681,462

  6.5%

  $1,552,119

  7%

  $1,441,253

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,703,776

  Geo Method

  $1,703,776

• Alternative Use

  Use

  Valuation

  Residential

  $1,924,628

  Hospitality

  $1,762,948

  Educational

  $1,466,752

  Medical

  $1,517,196

  Retail

  $2,281,615

Location Insight

City

Las Vegas

County

Clark

State

Nevada

Latitude

36.1143

Longitude

-115.121

CBSA code

29820

CBSA name

LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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