80 M.l.k. Blvd Las Vegas, NV 89106
This exceptional 10,516 square foot, single-story retail storefront, built in 2014, is located at 80 S Martin L King Blvd, Las Vegas, NV 89106. The property boasts a strong 5.65% cap rate and is currently 100% occupied by two credit-rated tenants, Centerwell (a Humana subsidiary) and another tenant, under a triple-net (NNN) lease structure. The property features a prominent location directly off the US-95 and I-15 freeway on-off ramp, providing excellent visibility and accessibility. Benefitting from a large pylon sign, the building enjoys a high-traffic location adjacent to Costco and the Las Vegas Metropolitan Police Department, and across from Ashley Furniture and Walker Furniture. The property is zoned T5-M and has an APN of 13928402004. This stabilized investment opportunity presents a compelling return with a strong tenant profile and desirable location. The asking price is $4,100,000, translating to $389.88 per square foot. This is a rare chance to acquire a prime retail asset in a high-growth area of Las Vegas.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.