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    4226 Durango Dr Las Vegas, NV 89147

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    4226 Durango Dr Las Vegas, NV 89147

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    • Retail properties & Spaces
    • 26,761 SF
    • 4.07 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • A+Dental Group / Dental Office
    • Milpa / Restaurant

    Property Details for 4226 Durango Dr

    Year built
    2001
    Lot size
    4.07 lot acres
    Property size
    26,761 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Retail space

    Description

    This exceptional multi-tenant retail center, located at 4226 S Durango Dr, Las Vegas, NV 89147, offers 26,761 square feet of retail space across eight suites. The property boasts a prime location on Durango Drive, between Flamingo Road and Tropicana Avenue, ensuring high visibility and accessibility. With a Class B rating and constructed in 2001, the two-building, single-story complex features ample parking (144 spaces) and prominent pylon signage. The property sits on a 4.07-acre lot (177,867 sq ft) and benefits from a C-2 zoning designation. Currently, three spaces are available, ranging from 1,925 to 19,602 square feet, ideal for a variety of retail uses, including food and beverage establishments. Its strategic location provides easy access to the 215 Freeway via Flamingo or Tropicana, placing it within a short three-minute drive of the I-215 Beltway. The center's diverse tenant mix and high traffic count make it an attractive investment opportunity in the Southwest Las Vegas submarket. The property includes two buildings and features anchor tenants. APN: 163-21-121-012, 163-21-121-013.

    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
    -115.279
    Latitude
    36.1129

    Comparable in this City

    • Value Estimation
      $2,495,000
      12,702 SF

      4035 Ft Apache Rd

      RETAIL STORES (PERSONAL SERVICES) • 12,702 SF
      4035 Ft Apache Rd, Las Vegas, NV 89147-3408
      View Details
    • Value Estimation
      $855,000
      3,300 SF

      8645 Flamingo Rd

      RETAIL STORES (PERSONAL SERVICES) • 3,300 SF
      8645 Flamingo Rd, Las Vegas, NV 89147-0400
      View Details
    • Value Estimation by Request
      5,431 SF

      4525 Ft Apache Rd

      RETAIL STORES (PERSONAL SERVICES) • 5,431 SF
      4525 Ft Apache Rd, Las Vegas, NV 89147
      View Details
    • Value Estimation
      $13,815,000
      78,407 SF

      9460 Flamingo Rd

      RETAIL STORES (PERSONAL SERVICES) • 78,407 SF
      9460 Flamingo Rd, Las Vegas, NV 89147-5742
      View Details
    • Value Estimation
      $3,615,000
      8,109 SF

      4160 Durango Dr

      RETAIL STORES (PERSONAL SERVICES) • 8,109 SF
      4160 Durango Dr, Las Vegas, NV 89147-8738
      View Details
    • Value Estimation
      $1,055,000
      5,568 SF

      9350 Tropicana Ave

      RETAIL STORES (PERSONAL SERVICES) • 5,568 SF
      9350 Tropicana Ave, Las Vegas, NV 89147-7965
      View Details

    Similar Nearby for Lease

    • $2 SF/Yr

      Retail Space on Fort Apache

      Inline retail space with open floorplan and private restroom.
      4840 S Fort Apache Rd, Las Vegas, NV 89147
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      2,800 SF

      Retail Space Near Home Depot

      Modern retail space in busy center near I-215.
      4235 Fort Apache Rd S, Las Vegas, NV 89147
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      3,000 SF

      Retail Space on Flamingo Road

      Retail space for rent in active Las Vegas trade area.
      9275 W Flamingo Rd, Las Vegas, NV 89147
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      Retail Space in Summerlin Submarket

      Retail space in Summerlin with high visibility and signage.
      3700 S Hualapai Way, Las Vegas, NV 89147
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      5,618 SF

      Retail Space Available in Las Vegas

      5,618 SF retail property for lease in Las Vegas.
      4280 S Hualapai Way, Las Vegas, NV 89147
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      Retail Hub Location

      Retail space with access to major retailers and 215 Beltway.
      4730 S Fort Apache Rd, Las Vegas, NV 89147
      View Details
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    Las Vegas, NV 89147
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    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
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    4226 Durango Dr, Las Vegas, NV, 89147

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