1308 Wyoming StBoulder City, NV 89005

Property Details for 1308 Wyoming St

Year built

1947

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.08 AC

Property size (Sq ft)

3,460 SF

Property type

Specialty properties

Property subtype

Day care centers & nurseries

APN

186-09-110-119

APU

18609110119

Description

This exceptional mixed-use property, the Oaklane Building, presents a unique investment opportunity in the heart of Boulder City, Nevada. Located at 1308 Wyoming St, this two-story building boasts 3,500 square feet of net rentable space, spread across two units within a single building, situated on a 0.08-acre lot. Currently operating as a daycare/nursery, school, and storefront, the property is zoned C-2, offering versatility for a variety of uses. The building has a single tenant currently under a modified lease expiring May 1, 2028, with a monthly rent increase of $50 per year. The asking price is $1,350,000. The property's prime location within the thriving Downtown Boulder City CBD and Old Town Boulder City ensures high visibility and accessibility. The property's history as the Oaklane Pre-school speaks to its suitability for similar uses, while its flexible zoning allows for diverse possibilities. The APN is 186-09-110-119. This is a for sale by owner opportunity. The property features a strong tenant in place, mitigating risk and providing immediate cash flow. This is an excellent opportunity for investors seeking a stable, income-generating asset in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $906,217

  6.5%

  $836,508

  7%

  $776,758

• Comparable approach

  Method

  Valuation

  Relative Method

  $797,193

  Geo Method

  $797,193

• Alternative Use

  Use

  Valuation

  Residential

  $1,061,146

  Hospitality

  $972,004

  Educational

  $808,696

  Medical

  $836,508

  Retail

  $1,257,972

Location Insight

City

Boulder City

County

Clark

State

Nevada

Latitude

35.977

Longitude

-114.837

CBSA code

29820

CBSA name

LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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