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    3847 Eastern Ave Las Vegas, NV 89169

    Sponsored
    For Sale
    $645,000

    4,600 SF Creative Office, Value-Add Opportunity

    Property size:
    4,600 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 4,600-square-foot creative office building, located at 3847 S Eastern Ave in Las Vegas, Nevada, presents a compelling value-add investment opportunity. The property, built in 1978 and extensively renovated in 2023, boasts a prime location on a major thoroughfare, offering excellent visibility and accessibility. Currently operating at 100% occupancy (until November 30, 2023), this two-story Class B building sits on a 162-14-710-040 APN parcel and is zoned CE, allowing for versatile usage. The property features one unit spread across 4,600 square feet of net rentable space. Its strategic location provides convenient access to key areas, including a mere 8 minutes from the airport and 5 minutes from the Las Vegas Strip. The property's unique history includes previous use as a residence, featuring amenities such as a swimming pool, jacuzzi, and a large backyard with a covered patio, gas BBQ, and a fire pit. The interior includes six bedrooms, two oversized great rooms, a two-sided wood-burning fireplace, and parking for eight cars. This property is ideally suited for a variety of uses, including senior living, rehabilitation facilities, or even a large family residence, given its current configuration. The asking price is $645,000, and the property is offered as a 1031 exchange opportunity. This is a rare chance to acquire a well-located, versatile property with significant upside potential.

    Property Features for 3847 Eastern Ave

    General Information

    Property type
    Office space
    Square Feet
    4,600 SF
    Class
    B

    Building Details

    Year Built/Renovated
    1978/2023
    Buildings
    1
    Stories
    2
    Units
    1

    HighLights

    • 4,600 SF creative office building on a major thoroughfare in Las Vegas, NV.
    • 100% occupied until November 30, 2023.
    • Two‑story Class B building on a 162‑14‑710‑040 APN parcel, zoned CE.
    • 8 minutes from the airport and 5 minutes from the Las Vegas Strip.
    • Features a heated pool, spa, large backyard with covered patio, gas BBQ, and fire pit. Six bedrooms, two oversized great rooms, and parking for eight cars.
    • Asking price: $645,000; offered as a 1031 exchange opportunity.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.119371
    Latitude
    36.1194488

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    FAQs

    What type of property is this?
    Office space - 4,600 SF Creative Office, Value-Add Opportunity
    Where is this office space located?
    The property is located at 3847 Eastern Ave Las Vegas, NV.
    What is the asking price?
    The asking price for this property is $645,000.
    What are key features of this property?
    This property features: 4,600 SF creative office building on a major thoroughfare in Las Vegas, NV.; 100% occupied until November 30, 2023.; Two-story Class B building on a 162-14-710-040 APN parcel, zoned CE.
    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
    3847 Eastern Ave Las Vegas, NV 89169
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