0 Patrick Ln Las Vegas, NV 89118
This exceptional 2.27-acre parcel in Spring Valley, Nevada, presents a rare opportunity for development. Located at the intersection of Santa Margarita Street and W. Patrick Lane (APN 163-35-301-014), this flat, graded land is zoned for Business Employment (BE) and boasts an already completed half-street dedication. The property includes approved site plans and a Notice of Funding Availability (NOFA), streamlining the development process. Its strategic location offers significant advantages, including proximity to major transportation arteries. With 45,500 vehicles per day traversing nearby Rainbow Boulevard and easy access to Interstate 215, this site benefits from high visibility and convenient commutes. Furthermore, its location is just 15 minutes from Harry Reid International Airport, enhancing its appeal to a wide range of businesses. The asking price for this ready-to-develop land is $2,570,911. This is a unique chance to acquire a prime commercial/industrial site in a thriving Las Vegas location, offering significant potential for immediate development and strong return on investment. The property's zoning, site plan approvals, and convenient location combine to create an exceptional opportunity for investors and developers alike. Don't miss this chance to secure this valuable asset in the dynamic Las Vegas market.
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
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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.