360 Sandhill BlvdMesquite, NV 89027

  • Retail properties
  • 3,660 SF
For Lease
$18/SF/YR View listing

Property Details for 360 Sandhill Blvd

Year built
2000
Construction
FRAME
Lot size
0.12 AC
Property size (Sq ft)
3,660 SF
Property type
Retail properties
Property subtype
Strip malls
APN
001-16-510-011
APU
116510011

Description

Bowler Plaza Shopping Center, located at 360 N Sandhill Blvd, Mesquite, NV 89027, presents a compelling investment opportunity in a thriving retail environment. This Class B strip center, totaling 85,013 square feet, features five single-story buildings constructed in 1997 and situated on a 7.73-acre lot (335,000 sq ft). The property boasts 300 parking spaces and is conveniently located near the I-15 freeway exit, Rising Star Sports Ranch Resort, and several hotels and casinos, ensuring high visibility and accessibility. Currently, there are 6,150 square feet of vacant space available, with minimum divisible units of 1,167 square feet and a maximum contiguous space of 2,421 square feet. The center is anchored by Smith's Food & Drug and includes other national brands such as Cafe Rio, Starbucks, Jack In The Box, and Leslies Pools, creating a strong tenant mix and attracting significant foot traffic. The property is zoned HT and has an APN of 001-16-510-007. Virtual tours are available for select vacant suites. This property offers a unique opportunity to establish a presence in a bustling Mesquite commercial hub within the Outlying NE Clark County submarket. The building has a FAR of .28.

Valuation
by Realmo methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,441,578
    6.5%
    $1,330,687
    7%
    $1,235,638
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,847,868
    Geo Method
    $1,847,868
  • Alternative Use

    Use
    Valuation
    Residential
    $1,122,484
    Hospitality
    $1,028,190
    Educational
    $855,442
    Medical
    $884,862
    Retail
    $1,330,687
360 Sandhill Blvd, Mesquite, Nevada

Location Insight

City
Mesquite
County
Clark
State
Nevada
Latitude
36.8086
Longitude
-114.062
CBSA code
29820
CBSA name
LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$4,335
$7,775
$186,349
$194,124
-
$22,214
$532,426
$554,640

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