1675 Mojave RdLas Vegas, NV 89104

Property Details for 1675 Mojave Rd

Year built

1991

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.58 AC

Property size (Sq ft)

6,684 SF

Property type

Warehouses

APN

162-01-601-007

APU

16201601007

Description

This exceptional 9,623-square-foot freestanding industrial building, situated on a 0.58-acre lot in Las Vegas, NV (zip code 89104), presents a compelling investment opportunity. The property, built in 1991 and extensively renovated in 2024, boasts a Class B designation and features a desirable flex space layout. The building comprises 4,180 square feet of warehouse space and 5,443 square feet of office space, complemented by a substantial 9,460-square-foot secured yard. Warehouse features include a 14-foot ceiling height, two electric roll-up doors, and swamp coolers. Office space is distributed across two floors, offering a lobby, reception area, multiple private offices, break rooms, and kitchenettes. Amenities extend to a fire vault, ample parking (23 spaces), and a fenced yard with a BBQ area. The property is zoned IL Industrial, providing flexibility for various uses. The asking price is $2,195,000, with the seller open to offers and owner financing considered. This prime location near US-95, the Las Vegas Strip, and downtown offers excellent accessibility and visibility. Recent improvements include fresh exterior paint, a repaved yard, and new interior carpeting. The property's APN is 162-01-601-007. This is a rare opportunity to acquire a well-maintained, updated industrial property in a high-demand area.

• CAP approach

  CAP return

  Valuation

  6%

  $3,448,140

  6.5%

  $3,182,900

  7%

  $2,955,550

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,142,620

  Geo Method

  $2,142,620

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $1,645,010

  Mixed-Use / Specialty

  $1,649,270

  Hospitality / Lodging

  $1,223,190

  Office

  $1,650,010

  Institutional / Educational

  $1,718,190

  Residential Income

  $2,010,280

  Multifamily

  $2,354,930

  Automotive / Energy

  $1,472,730

  Parking / Income-Based Land

  $498,226

  Restaurant / Food Service

  $879,391

  Healthcare / Senior Housing

  $1,680,920

Location Insight

City

Las Vegas

County

Clark

State

Nevada

Latitude

36.1536

Longitude

-115.107

CBSA code

29820

CBSA name

LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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