3670 Oquendo RdLas Vegas, NV 89118

Property Details for 3670 Oquendo Rd

Year built

2005

Construction

CONCRETE

Lot size

1.14 AC

Property size (Sq ft)

24,900 SF

Property type

Automotive properties

APN

162-32-101-028

APU

16232101028

Description

This exceptional 28,420-square-foot distribution center, built in 2005, is situated on a 1.1-acre lot in Las Vegas, NV (89118), offering a prime location west of the I-15 and Russell Road interchange. The Class B, single-tenant building boasts a 28-foot clear height, 6,534 square feet of two-story HVAC office space complete with an elevator, and ample parking (12 covered, 34 total). The property features 3,000A 277/480 volt 3-phase power, making it ideal for various industrial uses. Its freestanding tilt-up concrete construction ensures security and durability. The strategic location provides easy access to Interstate 15, connecting to both Utah and California. This vacant property presents a unique opportunity, especially considering the high development costs associated with constructing a comparable facility. The property is approved and licensed for adult-use and medical cannabis cultivation and production. The asking price is $8,000,000, translating to $281.49 per square foot.

• CAP approach

  CAP return

  Valuation

  6%

  $6,408,040

  6.5%

  $5,915,110

  7%

  $5,492,610

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,188,260

  Geo Method

  $5,188,260

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $11,778,100

  Mixed-Use / Specialty

  $5,795,810

  Hospitality / Lodging

  $4,124,320

  Office

  $5,659,080

  Institutional / Educational

  $5,990,200

  Residential Income

  $7,008,540

  Multifamily

  $8,950,160

  Automotive / Energy

  $5,134,460

  Parking / Income-Based Land

  $1,868,880

  Restaurant / Food Service

  $2,804,830

  Healthcare / Senior Housing

  $6,044,210

Location Insight

City

Las Vegas

County

Clark

State

Nevada

Latitude

36.0831

Longitude

-115.189

CBSA code

29820

CBSA name

LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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