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    Property profile & analytics

    8678 Spg Mtn Rd Las Vegas, NV 89117-4112

    • Strip malls
    • 8,468 SF
    • 0.72 lot acres
    OFF-MARKET
    Value Estimations
    $330,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US62-1080774
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Astoria Advertising / Advertising Agency
    • The Neck and Back Clinics – Southwest / Chiropractor / Massage Therapist
    • Farmers Insurance - Don Brkovich / Motorcycle Insurance Agency / Renter'S Insurance Agency
    • CutStream Web Design / Website Designer
    • Law Office William H Jackson / Attorney

    Property Details for 8678 Spg Mtn Rd

    Year built
    2000
    Construction
    FRAME
    Lot size
    0.72 lot acres
    Property size
    8,468 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    163-17-515-028
    APU
    16317515028

    Description

    This exceptional investment opportunity presents a fully occupied, single-story office building totaling 9,687 square feet situated on a 0.72-acre lot in the desirable West Las Vegas submarket. The property, built in 2000, boasts a strong 6.45% cap rate and a substantial net operating income (NOI) of $187,000, reflecting a 100% occupancy rate. The building is comprised of three units, currently leased to a mix of tenants. A prominent neck and back clinic occupies a significant portion of the space under a lease extending through November 2028. Another tenant is on a month-to-month agreement, and a third tenant's lease expires in July 2024, with a two-year renewal option. The property is zoned Commercial Professional (CP) and enjoys a prime location at 8678 Spring Mountain Rd, Las Vegas, NV 89117, conveniently located north of the northwest corner of Durango and Spring Mountain Roads, directly across from Desert Breeze Park. Its strategic position offers easy access to Summerlin, The Lakes, and the 215 freeway, catering to a high-income demographic with a median household income exceeding $63,642 within a 3-mile radius. This presents a compelling investment opportunity with significant potential for long-term growth and stable cash flow. The asking price is $2,750,000. APN: 163-17-515-028.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $335,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $275,000
      Market price range: $275k - $407k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.281
    Latitude
    36.1275
    CBSA code
    29820
    CBSA name
    LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $11,465
    $140,945
    $304,108
    $445,053
    -
    $402,700
    $868,880
    $1,271,580

    Comparable in this City

    • Value Estimation
      $250,000
      0.16 Acres

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      SHOPPING CENTER, STRIP CENTER • 0.16 Acres
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    • Value Estimation
      $8,925,000
      51,134 SF

      8701 Charleston Blvd

      SHOPPING CENTER, STRIP CENTER • 51,134 SF
      8701 Charleston Blvd, Las Vegas, NV 89117-5453
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    • Value Estimation
      $335,000
      9,090 SF

      8704 Charleston Blvd

      SHOPPING CENTER, STRIP CENTER • 9,090 SF
      8704 Charleston Blvd, Las Vegas, NV 89117-5479
      View Details
    • Value Estimation
      $820,000
      23,130 SF

      2902 Lk E Drg

      SHOPPING CENTER, STRIP CENTER • 23,130 SF
      2902 Lk E Drg, Las Vegas, NV 89117-2203
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    • Value Estimation
      $465,000
      13,975 SF

      9101 Sahara Ave

      SHOPPING CENTER, STRIP CENTER • 13,975 SF
      9101 Sahara Ave, Las Vegas, NV 89117-5772
      View Details
    • Value Estimation
      $310,000
      0.70 Acres

      Las Vegas, NV 89117

      SHOPPING CENTER, STRIP CENTER • 0.70 Acres
      Las Vegas, NV 89117
      View Details

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    Similar Nearby for Lease

    • $2 SF/Yr
      211,170 SF

      High-Traffic Retail Spaces Available

      Retail spaces for lease in high-traffic Las Vegas location.
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      Retail space with strong rental history and high traffic.
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    • Contact for pricing
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      Retail Spaces Available Near Park

      Retail spaces for lease near Desert Breeze Park.
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      Retail Space in High-Traffic Area

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      View Details
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      Retail spaces available in busy, fitness-anchored shopping center.
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      View Details
    • Contact for pricing
      5,375 SF

      Retail Space in Las Vegas

      Retail space with high visibility and strong co-tenancy.
      8885-8975 W Charleston Blvd, Las Vegas, NV 89117
      View Details
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    8678 Spg Mtn Rd
    Las Vegas, NV 89117-4112
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    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
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