1020 Desert Inn Rd, Las Vegas, NV 89109-2858
- High-rise multifamily apartments
- 121,500 SF
- 1.89 lot acres
Current Use by Public Records
- Modern High-Rise with Views of The City / Vacation Rental / Hotel & Motel
- Mark One Apartments / Apartment Complex
- Amazing 2/B 2/B suite behind convention Center / Hotel & Motel / Vacation Rental
- Predecessor Consulting Group LLC / Car Rental Facility
- CR GROUP / Financial Advisor
Property Details for 1020 Desert Inn Rd
- Year built
- 1975
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 1.89 lot acres
- Property type
- High-rise multifamily apartments
- APN
- 162-10-803-012
- APU
- 16210803012
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Dec 23, 2022 | — | Desert Inn Tnc LLC | — | Deed · related | $16M · Boeing Employees Cu |
| Sep 1, 2021 | $21,750,000 | Desert Inn Tnc LLC | Mark I Las Vegas LLC | Special Warranty Deed | $17.5M · Pacific Premier Bank |
| Feb 15, 2018 | $15,870,000 | Mark I Las Vegas LLC | Mark I INC | Trustees Deed · related | $26.8M · Keybank USA |
| Mar 11, 1998 | — | Mark I INC | Realty Partners Corp | Grant Deed · related | — |
| Aug 29, 1996 | $3,000,000 | Realty Partners Corp | Unknown | Trustees Deed | — |
Description
This exceptional 1,470 square foot retail space is located on the ground floor of a fifteen-story, 113-unit apartment building at 1020 E Desert Inn Rd, Las Vegas, NV 89109. The property, situated on a 1.89-acre lot, offers a unique opportunity for a single-tenant retail business. Built in 1975, the building features one building with a single story of retail space and fifteen stories of residential units, providing a built-in customer base. The property includes an elevator. The Clark County Assessor's Parcel Number (APN) is 162-10-803-012. This location boasts high visibility and foot traffic, benefiting from its proximity to the Las Vegas Strip and the University of Nevada, Las Vegas (UNLV). A tenant improvement allowance may be available for qualified tenants. Estimated net operating expenses (NNNs) for 2023 are $0.50 per square foot, subject to change. This is a rare opportunity to establish a retail presence in a high-demand area with a captive audience. The property offers significant potential for growth and success.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $25,110,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $21,540,000
- 6.5%
- $19,880,000
- 7%
- $18,460,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Las Vegas
- County
- Clark
- State
- Nevada
- Longitude
- -115.141
- Latitude
- 36.1303
- CBSA code
- 29820
- CBSA name
- LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA
