Las Vegas, NV 89123
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.
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.