3465 Craig RdNorth Las Vegas, NV 89032

Property Details for 3465 Craig Rd

Year built

2004

Construction

FRAME

Lot size

0.14 AC

Property size (Sq ft)

4,704 SF

Property type

Office properties

Property subtype

Office buildings

APN

139-05-316-018

APU

13905316018

Description

This exceptional 4,914 square foot, single-story office building is located in the thriving Northern Vistas Complex in North Las Vegas, Nevada. Built in 2004, this property boasts a prime location at 3465 W Craig Rd, 89032, with convenient access to I-15 and US-95 freeways, as well as public transportation (RTC bus route #219). The building is situated in a high-traffic area surrounded by national retailers, banks, restaurants, and a dense residential community. Currently 100% occupied with four fully leased, turn-key suites, each featuring a reception/open area, private offices, conference room potential, and a private restroom. The C-1 zoning allows for potential owner-user occupancy, with the possibility of terminating one lease with 60 days' notice. The property features ample parking, including covered spaces, and pylon signage is available. Recent improvements include brand new exterior paint. This presents a compelling value-add investment opportunity for both investors and owner-users seeking a well-maintained property in a rapidly growing area. The asking price is $1,100,000, with a price per square foot of $223.85. Buyer to verify square footage and zoning requirements for owner-user occupancy. Please do not disturb tenants.

• CAP approach

  CAP return

  Valuation

  6%

  $1,226,838

  6.5%

  $1,132,466

  7%

  $1,051,576

• Comparable approach

  Method

  Valuation

  Relative Method

  $942,446

  Geo Method

  $942,446

• Alternative Use

  Use

  Valuation

  Residential

  $1,404,258

  Hospitality

  $1,286,293

  Educational

  $1,070,180

  Medical

  $1,106,986

  Retail

  $1,664,725

Location Insight

City

North Las Vegas

County

Clark

State

Nevada

Latitude

36.238

Longitude

-115.186

CBSA code

29820

CBSA name

LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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