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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

7664 Lake Mead Blvd Las Vegas, NV 89128

12,172 SF 1.09 ac lot Built 1999
Property ID
Property summary
AI-generated overview

This exceptional investment opportunity presents a 12,172 square foot, multi-tenant retail center in the highly desirable Summerlin area of Las Vegas, Nevada. Located at 7664 W Lake Mead Blvd, this property boasts a prime location on a high-traffic corridor, benefiting from over 45,500 vehicles per day and proximity to major roadways including US-95 and Summerlin Parkway. The center is comprised of two, single-story buildings built in 1999, situated on a 1.09-acre lot and zoned C-1. Currently 100% occupied with six tenants, including national brands like Cafe Rio and The Vision Centers, the property generates a strong net operating income (NOI) of $327,344, representing a 5.74% cap rate. The asking price is $5,700,000, or $468.29 per square foot. The staggered lease expirations and diverse tenant mix provide a stable and attractive investment profile. This property offers exceptional visibility and benefits from its location within the Summerlin master-planned community, near Desert Shores, the Northwest Medical District, and Sun City Summerlin. The property's strong financial performance, desirable location, and diverse tenant base make it an ideal investment for discerning buyers. The property features favorable assumable debt.

Property profile
Verified
Property type Retail properties & Spaces
Year built 1999
Total area 12,172 SF
Lot 1.09 ac (47,480 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Dr. Christopher Chiodo Physician
  • Dr. Shirlene Luu Physician
  • Dr. Anthony Podloski Physician
  • Coker Christopher OD Physician
  • Hernandez Gabriel OD Physician
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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