6276 Spring Mountain RdLas Vegas, NV 89146

Property Details for 6276 Spring Mountain Rd

Year built

2006

Construction

FRAME

Lot size

0.03 AC

Property size (Sq ft)

1,102 SF

Property type

Office buildings

APN

163-14-514-005

APU

16314514005

Description

This exceptional 1,217-square-foot executive office building, located at 6276 W Spring Mountain Rd, Las Vegas, NV 89146, presents a unique sale-leaseback opportunity. Built in 2007, this single-story, single-unit property boasts 100% occupancy and is ideally situated between El Camino and Jones on Spring Mountain Road. The asking price is $625,000, translating to $513.56 per square foot. The property features ample open parking for the community, along with one assigned covered parking space per unit. The sale includes a leaseback provision for the seller, requiring a leaseback period of one to three months post-escrow closing. This turnkey solution offers immediate income potential for the buyer, with the added benefit of a short-term leaseback arrangement. The property's prime location in Clark County, Nevada, ensures high visibility and accessibility. This is an excellent investment opportunity for those seeking a profitable, well-located executive office space with a built-in leaseback arrangement. The property's single-unit structure simplifies management, making it an attractive option for both seasoned investors and those new to commercial real estate. The building's modern design and convenient amenities make it an ideal space for a variety of businesses.

• CAP approach

  CAP return

  Valuation

  6%

  $239,404

  6.5%

  $220,989

  7%

  $205,204

• Comparable approach

  Method

  Valuation

  Relative Method

  $220,786

  Geo Method

  $220,786

• Alternative Use

  Use

  Valuation

  Residential

  $274,026

  Hospitality

  $251,006

  Educational

  $208,834

  Medical

  $216,016

  Retail

  $324,853

Location Insight

City

Las Vegas

County

Clark

State

Nevada

Latitude

36.1269

Longitude

-115.229

CBSA code

29820

CBSA name

LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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