500 Windmill LnLas Vegas, NV 89123

  • Retail properties
  • 39,050 SF
For Lease
$30/SF/YR View listing

Property Details for 500 Windmill Ln

Year built
2008
Construction
FRAME
Lot size
4.36 AC
Property size (Sq ft)
39,050 SF
Property type
Retail properties
Property subtype
Strip malls
APN
177-10-411-001
APU
17710411001

Description

This exceptional retail opportunity is located at 500 E Windmill Ln, Las Vegas, NV 89123, within the highly desirable Southeast Las Vegas submarket. Windmill Lane Plaza is a three-building retail center totaling 49,763 square feet, built in 2008, and featuring 225 parking spaces. The property is zoned C-1 (Local Business) and boasts a prime location at the intersection of Windmill Lane and Bermuda Road, providing excellent visibility and accessibility. Currently, there are multiple spaces available, with a minimum divisible space of 900 square feet and a maximum contiguous space of 1,750 square feet

Valuation
by Realmo methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $12,127,523
    6.5%
    $11,194,637
    7%
    $10,395,020
  • Comparable approach

    Method
    Valuation
    Relative Method
    $19,715,642
    Geo Method
    $19,715,642
  • Alternative Use

    Use
    Valuation
    Residential
    $9,443,095
    Hospitality
    $8,649,824
    Educational
    $7,196,552
    Medical
    $7,444,052
    Retail
    $11,194,637
500 Windmill Ln, Las Vegas, Nevada
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Location Insight

City
Las Vegas
County
Clark
State
Nevada
Latitude
36.0429
Longitude
-115.152
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
$95,588
$963,854
$2,187,227
$3,151,081
-
$2,753,869
$6,249,220
$9,003,089

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