9620 Las Vegas BlvdLas Vegas, NV 89123

  • Retail properties
  • 33,483 SF
For Lease
$24.60/SF/YR View listing

Property Details for 9620 Las Vegas Blvd

Year built
2002
Construction
FRAME
Lot size
3.39 AC
Property size (Sq ft)
33,483 SF
Property type
Retail properties
Property subtype
Strip malls
APN
177-21-416-001
APU
17721416001

Description

Silverado Junction Center, a vibrant commercial property in Clark County, Nevada, presents a unique investment opportunity. This 33,450 square foot multi-tenant building, constructed in 2002, boasts a prime location at the intersection of Las Vegas Boulevard South and Silverado Ranch Boulevard, offering exceptional visibility and accessibility. The property is zoned C-2 and sits on a generous 188,179 square foot lot. Currently, there is 2,078 square feet of vacant space available, ideal for a variety of uses, including small office spaces, restaurants, or service-oriented retail businesses. The building's strategic location directly across from the Coast Casino and its convenient access to Interstate 15 via the Silverado Interchange provide unparalleled exposure to a high volume of traffic. This is a rare chance to secure a space in a highly desirable Las Vegas Strip location with significant frontage on Las Vegas Boulevard. The available space totals 1,158 square feet, perfect for a business seeking a prominent presence in a thriving commercial area. The South Point Hotel & Casino is also conveniently located nearby. This property offers a compelling combination of location, accessibility, and potential for growth.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $10,398,614
    6.5%
    $9,598,720
    7%
    $8,913,097
  • Comparable approach

    Method
    Valuation
    Relative Method
    $16,904,964
    Geo Method
    $16,904,964
  • Alternative Use

    Use
    Valuation
    Residential
    $8,096,880
    Hospitality
    $7,416,698
    Educational
    $6,170,606
    Medical
    $6,382,822
    Retail
    $9,598,720
9620 Las Vegas Blvd, Las Vegas, Nevada

Location Insight

City
Las Vegas
County
Clark
State
Nevada
Latitude
36.0149
Longitude
-115.171
CBSA code
29820
CBSA name
LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$70,963
$1,550,525
$1,478,533
$3,029,058
-
$4,430,071
$4,224,380
$8,654,451

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