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    2929 Ringe Ln Las Vegas, NV 89156

    Sponsored
    For Sale
    Contact for pricing

    1,700 SF Manufacturing/Warehouse

    Property size:
    1,700 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1.700 square foot industrial property in Las Vegas, Nevada, presents a unique investment opportunity. Situated on a spacious 1.24-acre lot, this single-story building offers versatile usage potential. Currently vacant and available for immediate occupancy starting August 9th, 2024, the property features a gross lease structure and is zoned M-1, with potential for rezoning to IL (M1). The existing structure is a house equipped with a well and septic system, and benefits from 3-phase power. The property boasts a fenced perimeter, a paved entrance, and ample space for outdoor parking and storage, making it ideal for various businesses. Its location within a primarily industrial area, near other similar properties, provides a strategic business advantage. The seller is open to exploring financing options, including a potential carryback first deed of trust (subject to conditions). This property offers a rare combination of land, building, and location, making it an attractive investment for those seeking a prime industrial space in a thriving Las Vegas market. The rezoning process, while requiring buyer completion, is anticipated to be relatively straightforward and quick, estimated at approximately two to three months due to its conforming nature.

    Property Features for 2929 Ringe Ln

    General Information

    Property type
    Distribution properties
    Square Feet
    1,700 SF
    Lot Size
    54,014 SF

    Building Details

    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • 1.24‑acre lot with existing house, well, and septic.
    • BE zoning, easily rezoned to IL (M1) within approximately 2‑3 months; buyer to handle rezoning.
    • Ample paved parking and outside storage; fenced property.
    • Seller may consider financing with a first deed of trust (subject to conditions).
    Property Profile Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Suggested Use

    Restaurant Law Firm Spa & Massage Building Supply Wholesale Shop Hair Salon Auto Repair Shop Clothing Store Nail Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.060594
    Latitude
    36.213209

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    FAQs

    What type of property is this?
    Distribution property - 1,700 SF Manufacturing/Warehouse
    Where is this distribution property located?
    The property is located at 2929 Ringe Ln Las Vegas, NV.
    What are key features of this property?
    This property features: 1.24-acre lot with existing house, well, and septic.; BE zoning, easily rezoned to IL (M1) within approximately 2-3 months; buyer to handle rezoning.; Ample paved parking and outside storage; fenced property.
    Request Owner's contact information
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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
    2929 Ringe Ln Las Vegas, NV 89156
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