Two-Building Retail
New
For Sale
Contact for pricing
260-280 S Martin L King Blvd, Las Vegas, NV 89106
The freestanding buildings offer a flexible configuration along a Las Vegas boulevard.
Property Size16,963 SF
Lot Size1.05 Acres
Price / SF$265.28
Days on Market4
Property Features for 260-280 S Martin L King Blvd
General Information
Standard status
Active
Size
16,963 SF
Lot size
1.05 Acres
Property subtype
RETAIL
Site & Location
Neighborhood
Medical District
Highway Access
Yes
Building Details
Buildings
2
Listing Agency:
Colliers | Las Vegas
(702) 735-5700
Listed By:
Al Twainy, CCIM · License #0024268
(702) 400-2001
Source:
Moodyscre
Added: Oct 22
Changed: Oct 24
Last Checked: Oct 24 at 3:17PM
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 Colliers | Las Vegas
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This retail property comprises two separate freestanding buildings with a combined area of approximately 16,963 square feet across approximately 1.05 acres. The paired-building layout supports either unified ownership or separate building occupancy.
The property fronts S. Martin L King Blvd and is minutes from I-15 and US-95. Nearby destinations include Downtown Las Vegas, the Medical District, Symphony Park and the Arts District.
The property fronts S. Martin L King Blvd and is minutes from I-15 and US-95. Nearby destinations include Downtown Las Vegas, the Medical District, Symphony Park and the Arts District.
Key Highlights
- Two freestanding buildings totaling ±16,963 SF
- ±1.05‑acre site
- Frontage along S. Martin L King Blvd
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$382,947
Cap Rate
8.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,658,940
$7.7M
Cap Rate 7%
$5,470,671
$5.5M
Cap Rate 9%
$4,254,967
$4.3M
Market Conditions
NOI Build-Up for 16,963 SF
Gross rent
$580.1K $34.20/SF
− Vacancy
−$33.1K −$1.95/SF
EGI
$547.1K $32.25/SF
− OpEx
−$164.1K −$9.68/SF
NOI
$382.9K $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%
$7,658,940
Cap Rate 7%
$5,470,671
Cap Rate 9%
$4,254,967
Alternative Uses
Best Use
Retail
$5.47M
$4.79M – $6.38M
NOI $382,947 @ 7.0% cap · market cap 8.51%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.86M
$5.13M – $6.84M
NOI $410,300 @ 7.0% cap · market cap 9.12%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,332
Businesses Nearby
Explore this area
Business Placement
Demographics for 89106, NV
27,695
Population
10,906
Households
2.5
Avg Household Size
33
Median Age
11%
College-Educated
73%
High-School Grad
5.1 sq mi
ZIP Area
5,430
Density / Sq Mi
$38,848
Median Household Income
$31,265
Median Earnings
$1,169
Median Rent
$263,100
Median Home Value
Market
Vacancy Rate% for Retail in Las Vegas, NV
Frequently Asked Questions
What type of property is this?
Retail space - The freestanding buildings offer a flexible configuration along a Las Vegas boulevard.
Where is this retail space located?
The property is located at 260-280 S Martin L King Blvd Las Vegas, NV.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: Two freestanding buildings totaling ±16,963 SF; ±1.05‑acre site; Frontage along S. Martin L King Blvd
