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4870 Nellis Oasis Lane, Las Vegas, NV 89115

Two northeastern Las Vegas apartment communities totaling 1,129 units, including a garden-style complex and a studio property.

Property Size684,216 SF
Lot Size45.23 Acres
Days on Market125

Property Features for 4870 Nellis Oasis Lane

General Information

Standard status Active
Size 684,216 SF
Lot size 45.23 Acres
Property subtype Multifamily

Additional Details

Highway Access Yes
Multifamily Units 720

Building Details

Year Built 1989
Listing Agency: CBRE - Las Vegas
Listed By: Spence Ballif · License #NV 27913
Source: Crexi
Added: Apr 10 Changed: Aug 8 Last Checked: Jul 20 at 5:08PM

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 CBRE - Las Vegas

Investment Insights

Based on property information with market context.

Liberty Village is a 720-unit garden-style apartment community. The property was built in 1986 and includes 684,216 net rentable square feet on 45.23 acres.

Village Square is a 409-unit studio apartment community. It was built in 1988 and 1989 and includes 163,245 net rentable square feet on 7.98 acres.

Both properties are located within the northeast Las Vegas submarket with convenient access to the Las Vegas Valley via Interstate 15. Nellis Air Force Base is listed as directly across the street, and the area is described as having more than 19.8 million square feet of industrial park space within a three-mile radius. College of Southern Nevada’s Cheyenne Campus is described as approximately three miles west.

Key Highlights

  • Two northeastern Las Vegas apartment communities totaling 1,129 units: Liberty Village (720) and Village Square (409).
  • Liberty Village is a 720‑unit garden‑style community built in 1986 with 45.23 acres and 684,216 net rentable SF.
  • Village Square is a 409‑unit studio apartment community built in 1988 and 1989 with 7.98 acres and 163,245 net rentable SF.

Property Analytics

Current Use

Liberty Village Apartments Apartment Complex Heritage Estates Apartment Building

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Restaurant Skin Care Clinic Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

720
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

392
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Two northeastern Las Vegas apartment communities totaling 1,129 units, including a garden-style complex and a studio property.
Where is this apartment building located?
The property is located at 4870 Nellis Oasis Lane Las Vegas, NV.
What are key features of this property?
This property features: Two northeastern Las Vegas apartment communities totaling 1,129 units: Liberty Village (720) and Village Square (409).; Liberty Village is a 720‑unit garden‑style community built in 1986 with 45.23 acres and 684,216 net rentable SF.; Village Square is a 409‑unit studio apartment community built in 1988 and 1989 with 7.98 acres and 163,245 net rentable SF.
More about this property
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