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    1214 D St Las Vegas, NV 89106

    Sponsored
    For Sale
    $500,000

    High-Yield Retail Property, 4,353 SF

    Property size:
    4,353 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a 4,353-square-foot retail storefront located at 1214 D St, Las Vegas, NV 89106. The property, built in 1953 and renovated in 2015, sits on a 0.16-acre lot (APN 139-27-111-081) and boasts a single-story, concrete block construction. Currently, the building is 100% occupied by a restaurant, Annie's Kitchen, under a lease agreement executed August 1, 2022, for the entire 4,353 square feet. This tenant has occupied a portion of the building since 2008, initially leasing approximately 1,000 square feet. The asking price is $500,000, translating to $109 per square foot. Benefiting from its strategic location at the southeast corner of D Street and Monroe Avenue, this property is zoned R-4 and falls within an Opportunity Zone, presenting significant potential for investors. The property features one building with a permitted R-4 zoning designation.

    Property Features for 1214 D St

    General Information

    Property type
    Individual retail properties
    Square Feet
    4,353 SF
    Lot Size
    6,970 SF

    Building Details

    Year Built/Renovated
    1953/2015
    Buildings
    1
    Stories
    1

    HighLights

    • Exceptional 4,353 SF retail storefront in Las Vegas, NV.
    • 100% occupied by restaurant tenant under lease through August 1, 2024.
    • Asking price: $500,000 ($109/SF).
    • Located on a 0.16‑acre lot at the high‑traffic corner of D St & Monroe Ave.
    • R‑4 zoned and situated in an Opportunity Zone.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store 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
    -115.1468932
    Latitude
    36.1846779

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    FAQs

    What type of property is this?
    Individual retail property - High-Yield Retail Property, 4,353 SF
    Where is this individual retail property located?
    The property is located at 1214 D St Las Vegas, NV.
    What is the asking price?
    The asking price for this property is $500,000.
    What are key features of this property?
    This property features: Exceptional 4,353 SF retail storefront in Las Vegas, NV.; 100% occupied by restaurant tenant under lease through August 1, 2024.; Asking price: $500,000 ($109/SF).
    Request Owner's contact information
    1214 D St Las Vegas, NV 89106
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    Las Vegas, NV 89106
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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
    1214 D St Las Vegas, NV 89106
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