4375 Buffalo Dr Las Vegas, NV 89147-6230
- Strip malls
- 1,000 SF
- 0.03 lot acres
Aug 31, 2020
Current Use by Public Records
- TROPHY FINANCIAL LLC / Mortgage Broker
- Curves / Fitness Center / Gym
- Evocative Med Spa / Skin Care Clinic / Hair Care
- Las Vegas Skin Care - Suralle / Skin Care Clinic
- Van Bakery / Bakery
Property Details for 4375 Buffalo Dr
- Year built
- 1999
- Construction
- FRAME
- Lot size
- 0.03 lot acres
- Property size
- 1,000 SF
- Property type
- Strip malls
- Property subtype
- Neighborhood centers
- APN
- 163-21-619-012
- APU
- 16321619012
Description
This exceptional investment opportunity presents a 4,605 square foot, single-story, Class B office building situated on 4375 S. Buffalo Drive, Las Vegas, NV 89147. The property, built in 1999, features one building with four units and boasts 100% occupancy with three tenants. The building includes ample parking with 80 spaces. The property is currently configured as a mix of executive, medical, and traditional office spaces. A significant portion (approximately 2,240 square feet) is occupied by a fully built-out medical practice with eight exam rooms, a reception area, nurses' station, three bathrooms, two waiting areas, a kitchen, and a private office with an en-suite shower. Two additional suites, approximately 1,115 and 1,250 square feet respectively, are leased to separate businesses. One suite features an open floor plan and private bathroom, while the other is a beautifully built-out tattoo parlor. The asking price is $1,550,000, translating to $336.59 per square foot. The lease type is gross, and the property is available for owner/user or investor purchase. The current owners are open to negotiating a leaseback for an investor or vacating the premises for an owner-operator. The medical practice itself is also available for purchase separately. The property's APN is 163-21-619-010. This is a turnkey investment with strong potential for future growth and return.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $230,000
- ML approach
- $140,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $405,000
- 6.5%
- $370,000
- 7%
- $345,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $223,000
Market price range: $223k - $790k
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Location Insight
- Map
- Local Demand
- City
- Las Vegas
- County
- Clark
- State
- Nevada
- Longitude
- -115.262
- Latitude
- 36.1096
- CBSA code
- 29820
- CBSA name
- LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA