3342 Sandhill RdParadise, NV 89121

Property Details for 3342 Sandhill Rd

Year built

1976

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.20 AC

Property size (Sq ft)

13,000 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

161-18-510-015

APU

16118510015

Description

Vallejo Center, located at 3342 S Sandhill Rd in Paradise, Nevada (zip code 89121), presents a compelling retail investment opportunity. This single-story, 16,000 square foot Class B retail center, built in 1976, boasts a prime location at the busy intersection of Desert Inn and Sandhill Roads. The property offers excellent visibility and accessibility with ample parking for 72 vehicles. Three individual spaces are currently available, ranging in size from 1,200 to 3,600 square feet, making it suitable for a variety of retail or restaurant uses. The center is zoned C-2, allowing for diverse commercial applications. The property features prominent pylon and building signage opportunities, enhancing visibility for tenants. With its convenient location, ample parking, and strong signage potential, Vallejo Center provides an excellent platform for businesses seeking high-traffic exposure in a thriving area of Paradise, Clark County, Nevada. The property's APN is 161-18-510-015. The building has no elevators. This is a second-generation space, offering multiple tenancy options.

• CAP approach

  CAP return

  Valuation

  6%

  $4,509,360

  6.5%

  $4,162,486

  7%

  $3,865,166

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,563,466

  Geo Method

  $6,563,466

• Alternative Use

  Use

  Valuation

  Residential

  $3,511,213

  Hospitality

  $3,216,252

  Educational

  $2,675,884

  Medical

  $2,767,912

  Retail

  $4,162,486

Location Insight

City

Las Vegas

County

Clark

State

Nevada

Latitude

36.1291

Longitude

-115.091

CBSA code

29820

CBSA name

LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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