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    4784 Koval Ln Las Vegas, NV 89109

    Sponsored
    For Sale
    $12,000,000

    1.51 Acres, Resort Corridor, High-Demand

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This exceptional 1.51-acre commercial land parcel presents a prime development opportunity in Las Vegas' coveted Resort Corridor. Located at 4784 Koval Ln, Las Vegas, NV 89109 (APN 162-21-801-001), this property boasts 545 feet of prime Koval Lane frontage and is ideally situated within walking distance of the Las Vegas Strip, MGM Grand, Top Golf, the Formula One racetrack, and the future Baseball Stadium. The site benefits from a fully fenced and graded lot, enhancing its immediate development potential. Two existing billboards generate monthly revenue, offering an additional income stream. The property's zoning allows for a diverse range of high-impact developments, including H-1 Limited Resort Hotel, C-T Commercial Tourist, and MUD 1 (most intense urban overlay) uses. This versatile zoning makes it suitable for a resort hotel, condominium complex, timeshare, or an entertainment facility incorporating dining and bar options. The property's proximity to McCarran International Airport further enhances its appeal. Offered at $12,000,000, this is a rare chance to acquire a highly desirable and strategically located land parcel in the heart of Las Vegas' entertainment district. The property is available for sale or short-term lease.

    Property Features for 4784 Koval Ln

    General Information

    Property type
    Land
    Lot Size
    65,776 SF

    HighLights

    • Prime Koval Lane frontage (545 feet).
    • Minutes from McCarran International Airport.
    • Across from MGM Grand and Topgolf.
    • Walking distance to major resort hotels and casinos.
    • Ideal for hotel, condo, or timeshare development.
    • Potential for entertainment venue with dining and bar.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Dental Office Spa & Massage Hair Salon Nail Salon Restaurant Building Supply Daycare Center 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
    -115.16380838713
    Latitude
    36.103621156001

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    FAQs

    What type of property is this?
    Land - 1.51 Acres, Resort Corridor, High-Demand
    Where is this land located?
    The property is located at 4784 Koval Ln Las Vegas, NV.
    What is the asking price?
    The asking price for this property is $12,000,000.
    What are key features of this property?
    This property features: Prime Koval Lane frontage (545 feet).; Minutes from McCarran International Airport.; Across from MGM Grand and Topgolf.
    Request Owner's contact information
    4784 Koval Ln Las Vegas, NV 89109
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    Las Vegas, NV 89109
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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
    4784 Koval Ln Las Vegas, NV 89109
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