7500 Lake Mead BlvdLas Vegas, NV 89128

Property Details for 7500 Lake Mead Blvd

Year built

1998

Construction

FRAME

Lot size

2.03 AC

Property size (Sq ft)

21,442 SF

Property type

Community centers

APN

138-22-211-004

APU

13822211004

Description

This single-story, Class B retail center in Las Vegas, Nevada, offers 2,663 square feet of immediately available space in a 150,948 square foot strip center. Located at 7500 W Lake Mead Blvd, at the intersection of Lake Mead Boulevard and Buffalo Drive, this property boasts excellent visibility and accessibility, with approximately 65,000 vehicles passing daily. The center is situated conveniently near the US 95 interchange, providing easy access for customers. Built in 1998, the property sits on 17.5 acres and includes 130 parking spaces. The zoning is C-1. The property features a diverse tenant mix, including restaurants, dental and medical offices, and various service businesses. This space is ideal for a variety of retail uses and represents a strong investment opportunity within the affluent Summerlin community. The minimum divisible space is 2,663 square feet, with a maximum contiguous space also at 2,663 square feet. The APN is 138-22-211-003.

• CAP approach

  CAP return

  Valuation

  6%

  $6,735,158

  6.5%

  $6,217,070

  7%

  $5,772,993

• Comparable approach

  Method

  Valuation

  Relative Method

  $10,825,680

  Geo Method

  $10,825,680

• Alternative Use

  Use

  Valuation

  Residential

  $5,244,330

  Hospitality

  $4,803,778

  Educational

  $3,996,688

  Medical

  $4,134,140

  Retail

  $6,217,070

Location Insight

City

Las Vegas

County

Clark

State

Nevada

Latitude

36.1972

Longitude

-115.258

CBSA code

29820

CBSA name

LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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