Leased Neighborhood Shopping
For Sale
$6,680,000
2400 North Buffalo Drive, Las Vegas, NV 89128
Retail center built in 2005 with full occupancy.
Property Size14,282 SF
Days on Market60
Property Features for 2400 North Buffalo Drive
General Information
Standard status
Active
Size
14,282 SF
Property subtype
Retail
Occupancy
100%
Building Details
Building Size
14,282 SF
Year Built
2005
Listing Agency:
Lee & Associates - Ontario
Listed By:
Jonathan Selznick · License #CalDRE #01323949
(949) 734-0243
Source:
Lee-associates
Added: Aug 11
Changed: Oct 7
Last Checked: Oct 7 at 8:40AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lee & Associates - Ontario
Investment Insights
Based on property information with market context.
The property is a neighborhood shopping center constructed in 2005. It is currently 100% leased and is located at 2400 North Buffalo Drive in Las Vegas, Nevada.
Key Highlights
- 100% leased neighborhood shopping center
- Built in 2005
- Located at 2400 North Buffalo Drive, Las Vegas, NV 89128
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$322,422
Cap Rate
4.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,448,440
$6.4M
Cap Rate 7%
$4,606,029
$4.6M
Cap Rate 9%
$3,582,467
$3.6M
Market Conditions
NOI Build-Up for 14,282 SF
Gross rent
$488.4K $34.20/SF
− Vacancy
−$27.8K −$1.95/SF
EGI
$460.6K $32.25/SF
− OpEx
−$138.2K −$9.68/SF
NOI
$322.4K $22.58/SF
Area
Las Vegas, NV
Vacancy
5.70%
Lease Rate
$34.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,448,440
Cap Rate 7%
$4,606,029
Cap Rate 9%
$3,582,467
Alternative Uses
Best Use
Retail
$4.61M
$4.03M – $5.37M
NOI $322,422 @ 7.0% cap · market cap 4.83%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.94M
$4.32M – $5.76M
NOI $345,452 @ 7.0% cap · market cap 5.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
2,410
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 89128, NV
37,882
Population
16,840
Households
2.2
Avg Household Size
40
Median Age
31%
College-Educated
91%
High-School Grad
6.0 sq mi
ZIP Area
6,314
Density / Sq Mi
$70,641
Median Household Income
$41,581
Median Earnings
$1,621
Median Rent
$378,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Las Vegas, NV
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Frequently Asked Questions
What type of property is this?
Shopping center - Retail center built in 2005 with full occupancy.
Where is this shopping center located?
The property is located at 2400 North Buffalo Drive Las Vegas, NV.
What is the asking price?
The asking price for this property is $6,680,000.
What are key features of this property?
This property features: 100% leased neighborhood shopping center; Built in 2005; Located at 2400 North Buffalo Drive, Las Vegas, NV 89128
