Multifamily
For Sale
$575,000
4182 Orbit Ave, Las Vegas, NV 89115
Multifamily property constructed in 1988 with car-oriented access and limited transit availability.
Property Size3,212 SF
Price / SF$179.02
Days on Market60
Property Features for 4182 Orbit Ave
General Information
Standard status
Active
Size
3,212 SF
Property subtype
Multi-Family
Building Details
Year Built
1988
Listing Agency:
Faranesh Real Estate
Listed By:
Wasim Faranesh · License #B.0143592
(702) 536-9000
Source:
Findavegashouse
Added: Aug 21
Changed: Oct 8
Last Checked: Oct 6 at 12:56AM
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 Faranesh Real Estate
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Investment Insights
Based on property information with market context.
Located at 4182 Orbit Ave in Las Vegas, Nevada, this multifamily property was constructed in 1988. The surrounding area is characterized by car-dependent access, with a walk score of 0, a bike score of 42, and a transit score of 41.
Key Highlights
- Built in 1988
- Located at 4182 Orbit Ave, Las Vegas, NV 89115
- Walk score of 0 indicates a car‑dependent setting
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,887
Cap Rate
5.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$637,740
$637.7K
Cap Rate 7%
$455,529
$455.5K
Cap Rate 9%
$354,300
$354.3K
Market Conditions
NOI Build-Up for 3,212 SF
Gross rent
$60.9K $18.96/SF
− Vacancy
−$2.9K −$0.91/SF
EGI
$58.0K $18.05/SF
− OpEx
−$26.1K −$8.12/SF
NOI
$31.9K $9.93/SF
Area
ZIP 89115
Vacancy
4.80%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$637,740
Cap Rate 7%
$455,529
Cap Rate 9%
$354,300
Alternative Uses
Best Use
Apartment 5plus
$455.5K
$398.6K – $531.5K
NOI $31,887 @ 7.0% cap · market cap 5.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$960.3K
$840.3K – $1.12M
NOI $67,221 @ 7.0% cap · market cap 11.69%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
481
Businesses Nearby
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Business Placement
Demographics for 89115, NV
67,043
Population
21,670
Households
3.1
Avg Household Size
29
Median Age
9%
College-Educated
70%
High-School Grad
24.9 sq mi
ZIP Area
2,692
Density / Sq Mi
$49,648
Median Household Income
$32,198
Median Earnings
$1,294
Median Rent
$258,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Multifamily property - Multifamily property constructed in 1988 with car-oriented access and limited transit availability.
Where is this multifamily property located?
The property is located at 4182 Orbit Ave Las Vegas, NV.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Built in 1988; Located at 4182 Orbit Ave, Las Vegas, NV 89115; Walk score of 0 indicates a car‑dependent setting
