1850 Serene AveLas Vegas, NV 89123

Property Details for 1850 Serene Ave

Year built

2003

Construction

FRAME

Lot size

0.75 AC

Property size (Sq ft)

10,472 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

177-23-612-003

APU

17723612003

Description

Serene Plaza, a 10,450 square foot strip retail center in Las Vegas, Nevada, presents a compelling investment opportunity. Built in 2003, this C-1 (Clark County) zoned property (APN 177-23-612-003) enjoys a highly visible location at 1850 E Serene Ave, 89123, situated at the intersection of Serene Avenue and Spencer Street in the desirable Silverado Ranch submarket. Its shadow-anchored position adjacent to a Walmart Supercenter, Sam's Club, and Home Depot power center ensures high traffic exposure, exceeding 20,000 vehicles daily. The center benefits from convenient access from both Serene Avenue and Spencer Street. Current tenants include a diverse mix of businesses such as Taco Bell, Meineke, and Dutch Bros Coffee, among others. Available spaces include both endcap and inline shop options. The property is less than half a mile west of Eastern Avenue and the 215 Beltway, offering exceptional accessibility and competitive lease rates within a thriving retail trade area. This well-positioned center provides a strong foundation for future growth and profitability.

• CAP approach

  CAP return

  Valuation

  6%

  $3,252,226

  6.5%

  $3,002,055

  7%

  $2,787,622

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,287,124

  Geo Method

  $5,287,124

• Alternative Use

  Use

  Valuation

  Residential

  $2,532,346

  Hospitality

  $2,319,615

  Educational

  $1,929,892

  Medical

  $1,996,264

  Retail

  $3,002,055

Location Insight

City

Las Vegas

County

Clark

State

Nevada

Latitude

36.0213

Longitude

-115.127

CBSA code

29820

CBSA name

LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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