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Property profile & analytics
OFF-MARKET
Strip malls

10620 Dean Martin Dr Las Vegas, NV 89141-3592

7,381 SF 2.37 ac lot Built 2019
Entity Owned Absentee Owner Free & Clear
Property ID
US62-0730923
Property summary
AI-generated overview

This exceptional 21,007 square foot multi-tenant retail center in Las Vegas, Nevada presents a compelling investment opportunity. Built in 2019, the property boasts four single-story buildings situated on a 2.37-acre lot (APN 177-32-111-001) and zoned U-V. Currently operating at 90% occupancy, the center generates a substantial NOI of $629,044, representing a 6.60% cap rate. The asking price is $9,499,000 ($452.18/sq ft). The property benefits from a Net Lease (NNN) structure with multi-tenancy, including a diverse mix of established businesses such as medical, dining, and self-care services. Strategically located near Harry Reid International Airport, off-strip resorts, and Interstate 15, the center enjoys convenient access and high visibility. Its proximity to the Keller Cactus Hills luxury apartment complex (210 units) and the Southern Highlands master-planned community ensures a strong customer base within a highly affluent neighborhood with average household incomes exceeding $100,000 within a one-mile radius. The property's new construction minimizes future capital expenditures, and long-term warranties are in place for major systems. A potential future exit strategy exists through parcelization of the four buildings. This is a rare opportunity to acquire a high-performing, well-located retail center with significant upside potential.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2019
Construction FRAME
Total area 7,381 SF
Lot 2.37 ac (103,237 SF)
APN 177-32-111-001
UPID US62-0730923
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Pine Bistro Restaurant
  • Thick & Thin Treat Bar Bakery Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Mtp Inv LLC
Mtp Inv LLC
since 2025
Last sale
$5.5M
1 recorded transaction
2025
$5.5M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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