4245 Grand Canyon DrLas Vegas, NV 89147

Property Details for 4245 Grand Canyon Dr

Year built

2005

Construction

METAL FRAME

Lot size

8.74 AC

Property size (Sq ft)

97,706 SF

Property type

Retail properties

Property subtype

Community centers

APN

163-19-112-012

APU

16319112012

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $31,202,488

  6.5%

  $28,802,298

  7%

  $26,744,990

• Comparable approach

  Method

  Valuation

  Relative Method

  $49,330,000

  Geo Method

  $49,330,000

• Alternative Use

  Use

  Valuation

  Residential

  $24,295,816

  Hospitality

  $22,254,836

  Educational

  $18,515,762

  Medical

  $19,152,548

  Retail

  $28,802,298

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

Property Tax & Assessments

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