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    Property profile & analytics
    OFF-MARKET
    Land

    Las Vegas, NV 89123

    1.25 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 1.25-acre lot, located at 0 W Richmar in Las Vegas, Nevada (zip code 89123), presents a unique investment opportunity. Situated inside the 215 beltway, this property is conveniently located, the second lot east of Arville on W Richmar Avenue. The property's Assessor's Parcel Number (APN) is 177-19-701-018. Currently zoned R-E (Rural Estates Residential), allowing for two units per acre, the property also benefits from a master plan overlay rezoning to Business Employment (BE). This dual zoning potential offers flexibility for various development options. Buyers could pursue building up to two residential units, capitalizing on the existing zoning, or explore a zoning change to fully utilize the Business Employment designation for commercial development. The asking price for this versatile property is $795,000. This land offers significant potential for both residential and commercial ventures, making it an attractive investment in a rapidly growing area of Las Vegas.

    Property profile
    Verified
    Property type Land
    Lot 1.25 ac (54,450 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
    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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