Add Listing
    For Lease
    • 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

    270 E Flamingo Rd, Unit 229 Las Vegas, NV 89169

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $1,750 /Mo

    Resort-style condo with amenities, near the Las Vegas Strip.

    Source: Kw

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

    Learn more

    Property Insight Report

    Overview

    Luxury Condo Near Las Vegas Strip

    This luxury condo features one bedroom and one bathroom and is located within a guard-gated, 16-acre resort-style community. The grounds are lushly landscaped, and amenities include a resort-style pool, spa, gym, sauna, racquetball court, two tennis courts with pickleball, pool cabanas, and barbecue areas. Most amenities are accessible 24 hours a day. The condo is located one and a half blocks from the heart of the Las Vegas Strip. Interior features include stainless steel appliances and a washer and dryer. A covered patio with storage is accessible from the living room.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    24 Hour Electrician ... Electrical Service Tasty Edits Video Editing Service The Canary in the Cage Theater & Performing Art Venue Millionaire Management Inc Business Management Consultant Las Vegas Photo ... Photography Service

    Suggested Use

    Real Estate Agency Law Firm Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Restaurant Daycare Center Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.1610442
    Latitude
    36.1152775

    Nearby Similar for Lease

    • Contact for pricing

      Lake Mead Boulevard

      Discover many ways to work your way in Lake Mead Boulevard
      7251 Lake Mead Blvd, Las Vegas, NV 89128
      View Details
    • Contact for pricing

      Howard Hughes Parkway

      Discover many ways to work your way in Howard Hughes Parkway
      3960 Howard Hughes Pkwy, Las Vegas, NV 89109
      View Details
    • Sponsored
      Contact for pricing

      Tivoli Village

      Flexible workspace in San Jose Airport
      410 Rampart Blvd, Las Vegas, NV 89145
      View Details
    • Contact for pricing

      Rainbow

      All-inclusive access to workspace, virtual office and meeting rooms in O'Hare Airport
      500 Rainbow Blvd, Las Vegas, NV 89107
      View Details
    • Contact for pricing

      Town Square

      Discover many ways to work your way in AZ, Phoenix - 24th and Camelback
      6671 Las Vegas Blvd, Las Vegas, NV 89119
      View Details
    • Contact for pricing

      Arroyo Crossing

      All-inclusive access to workspace, virtual office and meeting rooms in O'Hare Airport
      7455 Arroyo Crossing Pkwy, Las Vegas, NV 89113
      View Details
    • Sponsored
      Contact for pricing

      The Gramercy

      All-inclusive access to workspace, virtual office and meeting rooms in One Lincoln center
      Las Vegas, NV 89148
      View Details
    • Contact for pricing

      City Cental Place

      Discover many ways to work your way in IL, Oak Brook - Oak Brook Pointe
      400 4Th St, Las Vegas, NV 89101
      View Details
    • Contact for pricing

      The Canyons at Summerlin

      Discover many ways to work your way in IL, Oak Brook - Oak Brook Pointe
      1180 Town Center Dr, Las Vegas, NV 89144
      View Details
    • Contact for pricing

      Downtown Summerlin

      Meet, work or collaborate in our professional Columbia Center business center
      1980 Festival Plaza Dr, Las Vegas, NV 89135
      View Details
    • Contact for pricing

      Howard Hughes II

      Meet, work or collaborate in our professional Columbia Center business center
      3753 Howard Hughes Pkwy, Las Vegas, NV 89169
      View Details
    • Contact for pricing

      NV, Las Vegas - E Carson St

      All-inclusive access to workspace, virtual office and meeting rooms in One Lincoln center
      302 Carson St, Las Vegas, NV 89101
      View Details

    FAQs

    What type of property is this?
    Single family property - Resort-style condo with amenities, near the Las Vegas Strip.
    Where is this single family property located?
    The property is located at 270 E Flamingo Rd, Unit 229 Las Vegas, NV.
    What is the lease rate?
    The lease rate is $1,750 /Mo.
    What are key features of this property?
    This property features: - Prime Location: Just 1-1/2 blocks from the Las Vegas Strip.; - Resort-Style Community: Enjoy a guard-gated 16-acre community with lush landscaping.; - Extensive Amenities: Resort-style pool, spa, gym, sauna, racquetball court, tennis courts (with pickleball), pool cabanas, and BBQs.
    Request Owner's contact information
    270 E Flamingo Rd, Unit 229 Las Vegas, NV 89169
    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.
    270 E Flamingo Rd, Unit 229
    Las Vegas, NV 89169
    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
    270 E Flamingo Rd, Unit 229 Las Vegas, NV 89169
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!