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    4885 Flamingo Rd Las Vegas, NV 89121

    Sponsored
    For Sale
    $2,888,000

    Prime Retail Investment: Auto Shop, Convenience Store

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Exceptional investment opportunity: a combined 8,068 square foot auto shop and convenience store located at 4885 E Flamingo Rd, Las Vegas, NV 89121. This fee-simple property sits on a substantial 27,007 square foot lot, zoned C-1, allowing for diverse commercial uses. The existing building, constructed in 1977 and renovated in 2004, comprises three single-story structures. Currently configured as an auto shop, it includes lifts and machinery, which are included in the sale. The asking price is $2,888,000, with a pro-forma NOI of $192,000 and a 6.65% cap rate. The property features a short-term lease expiring May 31, 2025, making it ideal for an owner-user. Its high-traffic location at the intersection of Flamingo Road and Boulder Highway in Clark County provides excellent visibility and accessibility. The property's strategic location benefits from Las Vegas's robust population growth and proximity to major transportation arteries. This turnkey operation presents a rare chance to acquire a well-established business with significant upside potential. The sale includes existing tools, parts, and machinery. Serious inquiries only. Do not disturb the occupant.

    Property Features for 4885 Flamingo Rd

    General Information

    Property type
    Individual retail properties
    Class
    B

    Building Details

    Year Built/Renovated
    1977/2004
    Buildings
    3
    Stories
    1
    Units
    1

    HighLights

    • 8,068 SF retail building on a 27,007 SF lot, suitable for an auto shop and convenience store.
    • High‑traffic corner location at Flamingo and Boulder Highway in Las Vegas, NV.
    • C‑1 zoning allows for diverse commercial uses, including auto repair, car washes, and dealerships.
    • Includes existing lifts and machinery; seller leaving tools and parts.
    • $2,888,000 asking price, 6.65% pro‑forma cap rate, $192,000 pro‑forma NOI.
    Property Profile Location Intelligence

    Current Use by Public Records

    EVERYTHING Auto Service ... Auto Repair Shop Travel Impression Bus Charter EVERYTHING AUTO SERVICE Auto Repair Shop

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.06713694473
    Latitude
    36.114258071484

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    FAQs

    What type of property is this?
    Individual retail property - Prime Retail Investment: Auto Shop, Convenience Store
    Where is this individual retail property located?
    The property is located at 4885 Flamingo Rd Las Vegas, NV.
    What is the asking price?
    The asking price for this property is $2,888,000.
    What are key features of this property?
    This property features: 8,068 SF retail building on a 27,007 SF lot, suitable for an auto shop and convenience store.; High-traffic corner location at Flamingo and Boulder Highway in Las Vegas, NV.; C-1 zoning allows for diverse commercial uses, including auto repair, car washes, and dealerships.
    Request Owner's contact information
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    Las Vegas, NV 89121
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    Realmo Value Estimation

    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.

    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.

    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
    4885 Flamingo Rd Las Vegas, NV 89121
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