Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Cactus Ave Las Vegas, NV 89183

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Cactus Ave Las Vegas, NV 89183

    View on Map
    • Land
    • 1.78 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Cactus Ave

    Lot size
    1.78 lot acres
    Property type
    Land

    Description

    This exceptional 1.78-acre commercial land parcel is ideally situated on the southeast corner of Cactus Avenue and Amigo Street in Las Vegas, Nevada (APN 177-34-101-002). Zoned CG (Commercial General), this property boasts high visibility and accessibility, located just a block from St. Rose Parkway in a rapidly developing area. All utilities are readily available. Previous approvals existed for a retail complex, including a convenience store and gas station, making this site well-suited for a variety of commercial ventures. A new traffic signal is scheduled for installation at the intersection by the end of 2024, further enhancing visibility and accessibility. The low inventory of commercial properties in this booming south Las Vegas location presents a unique investment opportunity. This offering includes the possibility of acquiring an adjacent 2.12-acre parcel (APN 177-34-101-003) for a combined total of 3.9 acres, priced separately at $2,250,000. The asking price for this 1.78-acre parcel is $2,750,000. All information should be independently verified by the buyer.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.15
    Latitude
    35.9993

    Comparable in this City

    • Value Estimation by Request
      5.06 Acres

      10230 Las Vegas Blvd

      Land • 5.06 Acres
      10230 Las Vegas Blvd, Las Vegas, NV 89183
      View Details
    • Value Estimation by Request
      3.79 Acres

      Cactus Ave

      Land • 3.79 Acres
      0 Cactus Ave, Las Vegas, NV 89183
      View Details
    • Value Estimation by Request

      Paradise Nv

      Restaurants
      0 Paradise Nv, Las Vegas, NV 89183
      View Details
    • Value Estimation by Request
      2.50 Acres

      10083 Las Vegas Blvd

      Land • 2.50 Acres
      10083 Las Vegas Blvd, Enterprise, NV 89183
      View Details
    • Value Estimation by Request
      3.39 Acres

      11997 Las Vegas Blvd

      Restaurants • 26,500 SF
      11997 Las Vegas Blvd, Las Vegas, NV 89183
      View Details
    • Value Estimation by Request
      2.62 Acres

      1671 Neal Ave

      Land • 2.62 Acres
      1671 Neal Ave, Las Vegas, NV 89183
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Las Vegas Land For Sale

      5 acres of land available on Las Vegas Boulevard.
      12097 S Las Vegas Blvd, Las Vegas, NV 89183
      View Details
    • Contact for pricing

      Las Vegas Blvd Land Opportunity

      5.06 +/- acres near South Point Casino & Resort.
      10230 S Las Vegas Blvd, Las Vegas, NV 89183
      View Details
    • Contact for pricing

      Las Vegas Blvd Retail Opportunity

      Prime commercial land near Las Vegas Blvd, ideal for retail.
      30 E Starr Ave, Las Vegas, NV 89183
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Las Vegas Retail Space Available

      Retail space available in Las Vegas, Nevada.
      12097 S Las Vegas Blvd, Las Vegas, NV 89183
      View Details
    • Contact for pricing
      2,435 SF

      Retail Space Near St. Rose

      Retail space with convenient access to major transportation routes.
      9915 S Eastern Ave, Las Vegas, NV 89183
      View Details
    • $2 SF/Yr

      Retail Space on Eastern Avenue

      Multi-tenant retail property in thriving commercial district with high traffic.
      9975 S Eastern Ave, Las Vegas, NV 89183
      View Details
    • Contact for pricing
      1,100 SF

      Retail Space on Silverado Ranch

      Former nail salon space with high traffic and visibility.
      1310 E Silverado Ranch Blvd, Las Vegas, NV 89183
      View Details
    • Contact for pricing
      1,827 SF

      Retail Space on Bermuda Road

      Retail space available in high-traffic Las Vegas location.
      10430 Bermuda Rd, Las Vegas, NV 89183
      View Details
    • $3 SF/Yr

      Retail Space with Gated Patio

      End-cap retail space suited for restaurant use with gated patio.
      430 E Silverado Ranch Blvd, Las Vegas, NV 89183
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Cactus Ave
    Las Vegas, NV 89183
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry

    Cactus Ave, Las Vegas, NV, 89183

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!