This exceptional Class A retail center, built in 2005, boasts a prime location in the Summerlin South submarket of Las Vegas, Nevada. Situated on 8.74 acres at 4245 S Grand Canyon Dr, near Flamingo Rd. & Grand Canyon Pkwy (APN 163-19-112-012, zoned C-2), this one-story, two-building property offers immediate access to the 215 Beltway. The center is anchored by Target, Kohl's, Floor & Decor, and JCPenney, ensuring high visibility and substantial foot traffic. Currently, there is 12,400 square feet of vacant space available, divisible into units as small as 2,723 square feet and up to a contiguous 12,401 square feet. The property benefits from its proximity to affluent residential communities such as The Summit Club and The Ridges. Existing tenants include Flip N Out Extreme, Doggie District, Water Wings Swim School, Orange Theory Fitness, HUE Salon & Lux Suites, The Ride Indoor Cycling, and 103° Hot Pilates & Yoga, creating a vibrant and diverse tenant mix. This presents a unique opportunity for businesses seeking exposure in a thriving, established retail center within a high-demand area. The property's strong anchor tenants, excellent location, and substantial vacant space make it an ideal investment for a variety of retail, restaurant, or office uses.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$25,144,700
6.5%
$23,210,500
7%
$21,552,600
Comparable approach
Method
Valuation
Relative Method
$20,358,400
Geo Method
$20,358,400
Alternative Use
Use
Valuation
Industrial / Distribution
$46,216,500
Mixed-Use / Specialty
$22,742,400
Hospitality / Lodging
$16,183,600
Office
$22,205,900
Institutional / Educational
$23,505,200
Residential Income
$27,501,000
Multifamily
$35,119,900
Automotive / Energy
$20,147,300
Parking / Income-Based Land
$7,333,350
Restaurant / Food Service
$11,006,000
Healthcare / Senior Housing
$23,717,100
Location Insight
City
Las Vegas
County
Clark
State
Nevada
Latitude
36.1123
Longitude
-115.307
CBSA code
29820
CBSA name
LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA
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Grand Canyon Dr Las Vegas, NV 89147
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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