835 M.l.k. Blvd Las Vegas, NV 89106
This exceptional commercial land parcel presents a unique investment opportunity in the heart of Las Vegas, Nevada. Located at a signalized hard-corner intersection, this site boasts unparalleled visibility and accessibility, benefiting from combined intersection traffic counts of 46,868 vehicles per day (Costar data). Its strategic position near the "Spaghetti Bowl" freeway interchange (I-15, I-215, US-93, and US-95), experiencing 300,000 vehicles per day (2018 data), ensures high traffic volume. The property is situated at the second signalized intersection north of Martin Luther King Boulevard, offering multiple convenient ingress/egress points. Las Vegas's strong population growth makes this a highly desirable location for a variety of retail operators. Significant site work is already complete, including offsite improvements such as curbs, gutters, sidewalks, street dedications, bus stop improvements, curb cuts, street lights, and utilities stubbed to the site. Onsite improvements include a fully graded and paved pad, landscaping, drive aisles with a reciprocal easement agreement for cross-access with an adjacent 7-Eleven, a trash enclosure, and drive-thru lane improvements. The C-1 zoning allows for a wide range of uses, including drive-thru quick-service restaurants, express car washes, and general retail establishments. The dense population and daytime demographics provide ample opportunities to attract customers throughout the day, evening, and weekends. This turnkey site is ready for immediate development.
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.