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Property profile & analytics
OFF-MARKET Estimated value $695,000
Medical Office Space

1212 Wyoming St Boulder City, NV 89005-2745

5,781 SF 0.19 ac lot Built 1940
Individually Owned 9-yr Hold ~ Est. High Equity
Property ID
US62-0060230
Property summary
AI-generated overview

This exceptional investment opportunity presents a 5,781 square foot storefront located at 1212 Wyoming St, Boulder City, NV 89005. The property, built in 1932 and extensively renovated in 2006, boasts a 6.36% cap rate and is currently 100% occupied by a multi-tenant antique market operating under a modified lease. The building features a modern HVAC system, updated plumbing, a fire alarm system, and is ADA compliant. The current tenant enjoys a significant waitlist, demonstrating strong market demand. The 0.19-acre lot is zoned C2, offering potential for future expansion or increased income. While the building's interior images shown are from before the current tenant, they accurately reflect the space's size and layout. Two bathrooms are included. The property is being offered at $1,950,000 ($337.31/sq ft) and is suitable for a 1031 exchange. Public parking is available via the adjacent city-owned lot and street parking. Note that the current owner manages the property and employs staff who could potentially continue in their roles. All measurements and claims should be independently verified. Please do not disturb the tenants.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1940
Construction FRAME
Total area 5,781 SF
Lot 0.19 ac (8,276 SF)
APN 186-09-110-135
UPID US62-0060230
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
  • Bella Marketplace Home Decor Store (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$695k
Owner & transaction history
Faye A Simak · 9 yrs held
Faye A Simak
since 2016
6 recorded transactions
2016
$595,000
2005
Price N/A
2005
$385,000
2005
$385,000
1991
$185,100
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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