Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1421 Las Vegas Blvd Las Vegas, NV 89104
    Back to Search
    Property profile & analytics

    1421 Las Vegas Blvd Las Vegas, NV 89104

    View on Map
    • Land
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 1421 Las Vegas Blvd

    Property type
    Land

    Description

    This exceptional commercial land parcel presents a rare opportunity to establish a presence on the iconic Las Vegas Strip. Located at 1421 S Las Vegas Blvd, in the heart of Clark County, Nevada (zip code 89104), this property boasts a C2 zoning designation, offering versatility for a range of commercial ventures. The APN is 16203202003. Ideal for businesses seeking high visibility and foot traffic, this single-tenant pad is perfectly situated to capitalize on the Strip's immense tourism and local clientele. Envision a thriving coffee shop, quick-service restaurant, or even a unique wedding chapel—the possibilities are as limitless as the Las Vegas skyline. This land parcel provides a blank canvas for your entrepreneurial vision, allowing you to create a landmark destination on one of the world's most famous streets. The property's precise coordinates are 36.154086933589724 latitude and -115.15050770655007 longitude. Don't miss this chance to secure a piece of Las Vegas history and build your business empire on the Strip. This is a truly unparalleled opportunity for significant return on investment. Act quickly, as properties of this caliber rarely become available.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.151
    Latitude
    36.1541

    Comparable in this City

    • Value Estimation by Request
      10.51 Acres

      Las Vegas NV 89115 Marion Dr

      Land • 10.51 Acres
      Las Vegas NV 89115 Marion Dr, Las Vegas, NV 89104
      View Details
    • Value Estimation by Request
      0.55 Acres

      2124 Paradise Rd

      Land • 0.55 Acres
      2124 Paradise Rd, Las Vegas, NV 89104
      View Details
    • Value Estimation by Request
      30,358 SF

      600-620 Sahara Ave

      Land • 30,358 SF
      600-620 Sahara Ave, Las Vegas, NV 89104
      View Details
    • Value Estimation by Request
      1,200 SF

      600 Sahara Ave Suite 2

      Land • 1,200 SF
      600 Sahara Ave Suite 2, Las Vegas, NV 89104
      View Details
    • Value Estimation by Request
      0.56 Acres

      3400 Charleston Blvd

      Land • 0.56 Acres
      3400 Charleston Blvd, Las Vegas, NV 89104
      View Details
    • Value Estimation by Request

      2600 Fremont St

      Land
      2600 Fremont St, Las Vegas, NV 89104
      View Details

    Similar Nearby for Sale

    • $3,000,000

      Land Available For Lease

      Land available for lease at Paradise Rd, Las Vegas.
      2124-2128 Paradise Rd, Las Vegas, NV 89104
      View Details
    • $3,000,000

      Las Vegas Land For Sale

      Land available on Paradise Road in Las Vegas, Nevada.
      2124 Paradise Rd, Las Vegas, NV 89104
      View Details
    • Contact for pricing

      2.11 Acres Land For Sale

      2.11 acres of land available for purchase.
      923 E Charleston Blvd, Las Vegas, NV 89104
      View Details
    • New
      $107,000
      0.11 Acres

      Las Vegas Land For Sale

      Commercial land available in Las Vegas, Nevada.
      2454 Arden St, Las Vegas, NV 89104
      View Details
    • Contact for pricing
      25,255 SF

      Arts District Redevelopment Opportunity

      Land in Las Vegas Arts District, opportunity zone benefits.
      1700 S Las Vegas Blvd, Las Vegas, NV 89104
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Commercial Pad Site For Lease

      Pad site available at signalized intersection, ideal for car wash.
      1130 E Sahara Ave, Las Vegas, NV 89104
      View Details
    • Contact for pricing

      Retail Space in New Center

      New retail spaces and ground leases available in Cedar City.
      1250 S Main St, Las Vegas, NV 89104
      View Details
    • Contact for pricing
      800 SF

      Commercial Land Ready For Lease

      Land available for build to suit lease in Las Vegas.
      1755 E Charleston Blvd, Las Vegas, NV 89104
      View Details
    • Contact for pricing
      1 SF

      High-Traffic Commercial Land Opportunity

      Flexible commercial land with high visibility and drive-thru potential.
      and sandhill Nwc Sahara Ave, Las Vegas, NV 89104
      View Details
    • $1.05 SF/Yr

      Industrial Space in Central Las Vegas

      Industrial building on 2.74 acres in Central Las Vegas.
      1601 Palm St, Las Vegas, NV 89104
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1421 Las Vegas Blvd
    Las Vegas, NV 89104
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1421 Las Vegas Blvd, Las Vegas, NV, 89104
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!