Property profile

Las Vegas, NV 89123

OFF-MARKET
Land
1.25 ac lot
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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

Location

Las Vegas, NV 89123
Las Vegas metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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