Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3075 E Flamingo Rd, Unit Las Vegas Las Vegas, NV 89121

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $5,250,000

    Retail property in Central East Las Vegas with high traffic.

    Property size:
    36 SF

    Property Features for 3075 E Flamingo Rd

    General Information

    Size
    36 SF

    Building Details

    Year built
    1985

    We can help!

    Listing Contact
    Lucas Mojonnier
    Lucas Mojonnier
    Source: Cbcworldwide

    Listing Agent: Lucas Mojonnier

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Retail Property on Flamingo Road

    The property is located in the established area of Central East Las Vegas, situated between S. Eastern Avenue and S. Pecos Road. It has frontage on E. Flamingo Road, which has an average daily traffic count of 43,000. The location is less than a 15-minute drive from Harry Reid International Airport, Interstate-15, Interstate-215, and the Las Vegas Strip. The property size is 36.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Movement Fitness Las ... Gym & Fitness Center Flamingo Courtyard Business Service Center M & J Insurance ... Insurance Agency Bellure Salon Suites Hair Salon Diego Barraza Allstate ... Insurance Agency

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.1082192
    Latitude
    36.1140266

    Nearby Similar for Sale

    • $4,250,000
      4,820 SF

      Las Vegas Penthouse with Strip Views

      Furnished penthouse with 270-degree views of the Las Vegas Strip.
      4575 Dean Martin Dr, Las Vegas, NV 89103
      View Details
    • $7,250,000
      6,779 SF

      Luxury Penthouse with Panoramic Strip Views

      Exclusive two-story penthouse in Las Vegas' premier high-rise.
      1 Hughes Center Dr, Las Vegas, NV 89169
      View Details
    • $405,000
      1,333 SF

      Las Vegas High-Rise Residence

      Stunning residence with Strip views in vibrant Downtown Las Vegas.
      150 Las Vegas Blvd, Las Vegas, NV 89101
      View Details
    • $669,000
      2,050 SF

      Turnberry Place Corner Residence

      Spacious Las Vegas residence with mountain, city, and garden views.
      2877 Paradise Rd, Las Vegas, NV 89109
      View Details
    • New
      $1,200,000
      2,805 SF

      Luxury High-Rise Living in Las Vegas

      Exclusive high-rise with Strip, mountain, and Sphere views.
      2747 Paradise Rd, Las Vegas, NV 89109
      View Details
    • New
      $565,000
      Pending

      Las Vegas High-Rise Condominium Resort

      Luxurious updated condo with mountain, pool, and Strip views.
      222 Karen Ave, Las Vegas, NV 89109
      View Details
    • $409,500
      1,233 SF

      Las Vegas High-Rise Condo

      Move-in ready condo with Strip views and modern upgrades.
      200 W Sahara Ave, Las Vegas, NV 89102
      View Details
    • $399,900
      1,180 SF

      Las Vegas High-Rise Residence

      Stunning residence with Strip views in vibrant Downtown Las Vegas.
      150 Las Vegas Blvd, Las Vegas, NV 89101
      View Details
    • $3,250,000
      3,889 SF

      Remodeled Garden Unit with Casita

      3-bedroom Las Vegas high-rise unit with private garden and casita.
      9101 Alta Dr, Las Vegas, NV 89145
      View Details
    • $499,000
      1,296 SF

      Remodeled Penthouse with Panoramic Views

      Luxury penthouse above Formula One finish line with high-end upgrades.
      205 E Harmon Ave, Las Vegas, NV 89169
      View Details
    • $455,000
      0.06 Acres

      Las Vegas Motorcoach Resort Lot

      Class A resort lot with custom build-out near the Strip.
      8175 Arville St, Las Vegas, NV 89139
      View Details
    • $1,999,987
      3,100 SF

      Luxury High-Rise Living in Las Vegas

      Elegant high-rise residence with panoramic views and resort-style amenities.
      9101 Alta Dr, Las Vegas, NV 89145
      View Details

    FAQs

    What type of property is this?
    Neighborhood center - Retail property in Central East Las Vegas with high traffic.
    Where is this neighborhood center located?
    The property is located at 3075 E Flamingo Rd, Unit Las Vegas Las Vegas, NV.
    What is the asking price?
    The asking price for this property is $5,250,000.
    What are key features of this property?
    This property features: - Strategically located in the affluent, established area of Central East Las Vegas.; - High traffic frontage on E. Flamingo Road (43,000 average daily traffic count).; - Less than 15-minute drive to Harry Reid International Airport.
    (702) 701-9700
    Request Owner's contact information
    3075 E Flamingo Rd, Unit Las Vegas Las Vegas, NV 89121
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3075 E Flamingo Rd, Unit Las Vegas
    Las Vegas, NV 89121
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3075 E Flamingo Rd, Unit Las Vegas Las Vegas, NV 89121
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Lucas Mojonnier
    Lucas Mojonnier
    (702) 701-9700 (702) 580-9800
    Learn more
    Google sign-in failed. Please try again or use another login method.