Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Lake Mead Blvd Las Vegas, NV 89108
    Back to Search
    Property profile & analytics

    Lake Mead Blvd Las Vegas, NV 89108

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

    Current Use by Public Records

    • Land

    Property Details for 0 Lake Mead Blvd

    Lot size
    0.40 lot acres
    Property type
    Land

    Description

    This exceptional 0.4-acre lot, located at the intersection of Fairhaven and West Lake Mead Boulevard in Las Vegas, Nevada (zip code 89108, APN 138-24-703-001), presents a unique investment opportunity. Currently zoned RE (Residential Estates) allowing for two units per acre within the City of Las Vegas jurisdiction, this property offers significant potential for redevelopment. The City of Las Vegas is open to rezoning applications to C-1 commercial zoning, expanding development possibilities. The land boasts convenient access via an improved road featuring sidewalks, curbs, and streetlights, enhancing its appeal and practicality. Security is enhanced by a newly installed custom gate equipped with a camera system. This versatile property is ideal for developers seeking to capitalize on its prime location and flexible zoning potential. The asking price is $349,000. Serious inquiries are encouraged to explore the possibilities of this strategically located land parcel in a rapidly growing area of Las Vegas. The property's location within Clark County offers easy access to major transportation routes and amenities. This is a rare opportunity to acquire a well-situated lot with significant upside potential.

    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
    -115.208
    Latitude
    36.1931

    Comparable in this City

    • Value Estimation by Request
      1.05 Acres

      6005 Gowan Rd

      Land • 1.05 Acres
      6005 Gowan Rd, Las Vegas, NV 89108
      View Details
    • Value Estimation by Request

      000 Jones Cir

      Land
      000 Jones Cir, Las Vegas, NV 89108
      View Details
    • Value Estimation by Request
      0.50 Acres

      1655 Fairhaven St

      Land • 0.50 Acres
      1655 Fairhaven St, Las Vegas, NV 89108
      View Details
    • Value Estimation by Request
      2.50 Acres

      Neighborhood Commercial Cor

      Land • 2.50 Acres
      0 Neighborhood Commercial Cor, Las Vegas, NV 89108
      View Details
    • Value Estimation by Request

      Lake Mead Blvd

      Land
      0 Lake Mead Blvd, Las Vegas, NV 89108
      View Details
    • Value Estimation by Request
      0.34 Acres

      4221 Begonia Ct

      MOBILE HOME PARK, TRAILER PARK • 0.34 Acres
      4221 Begonia Ct, Las Vegas, NV 89108-5616
      View Details

    Similar Nearby for Sale

    • $900,000
      3,834 SF

      Las Vegas Fourplex Investment Opportunity

      Two fourplexes available for sale in Las Vegas, Nevada.
      2321 N Jones Blvd, Las Vegas, NV 89108
      View Details
    • New
      $605,000
      3,196 SF

      Las Vegas Four-Unit Apartment Building

      Four-unit apartment building near the Las Vegas Strip.
      5032 Pebble Beach Blvd, Las Vegas, NV 89108
      View Details

    Similar Nearby for Lease

    • $85,056
      3,960 SF

      Decatur Blvd Office Space, Las Vegas

      Prime Las Vegas Office, 3960 sq ft
      2167 Decatur Blvd, Las Vegas, NV 89108
      View Details
    • Contact for pricing

      Retail Pad Opportunity on Rainbow

      Retail pad available for lease or sale on Rainbow Blvd.
      2341 N Rainbow Blvd, Las Vegas, NV 89108
      View Details
    • Contact for pricing

      High-Visibility Retail Pad Site

      Retail pad site in high-traffic shopping center at major intersection.
      2041 N Jones Blvd, Las Vegas, NV 89108
      View Details
    • $0.90 SF/Yr
      44,780 SF

      West Lake Mead Retail Center

      Retail and office spaces available near the 95 Freeway.
      2192 North Rainbow Blvd, Las Vegas, NV 89108
      View Details
    • Contact for pricing

      Dominant Retail Center in Las Vegas

      High-visibility retail center with strong anchor tenants and high traffic.
      2192 N Rainbow Blvd, Las Vegas, NV 89108
      View Details
    • Contact for pricing

      3001 N Rainbow Blvd, Las Vegas, NV 89108

      Retail space
      3001 N Rainbow Blvd, Las Vegas, NV 89108
      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.
    Lake Mead Blvd
    Las Vegas, NV 89108
    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
    Lake Mead Blvd, Las Vegas, NV, 89108
    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!