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    1255 Lamb Blvd Las Vegas, NV 89104-5526
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    Property profile & analytics

    1255 Lamb Blvd, Las Vegas, NV 89104-5526

    View on Map
    • Grocery and convenience stores
    • 42,604 SF
    • 4.87 lot acres
    Off-Market
    Property ID
    US62-0385041
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $7,815,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • El Super / Grocery & Convenience Store / Food Market
    • Ria Money Transfer - El Super / Bank / Credit Union

    Property Details for 1255 Lamb Blvd

    Year built
    1983
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    4.87 lot acres
    Property type
    Grocery and convenience stores
    APN
    161-05-110-003
    APU
    16105110003

    Description

    4G Plaza presents a compelling retail investment opportunity in Clark County. This multi-tenant property boasts a total of 79,000 square feet and ample parking with 520 spaces. Currently, there are four available retail spaces ranging in size from 949 square feet to 10,000 square feet, catering to a variety of business needs. The property benefits from an exceptional location, experiencing high daily traffic volume with over 117,500 cars passing by daily. Convenient access is provided via the Charleston Interchange on US 95, ensuring high visibility and accessibility for potential tenants and customers. Further development potential exists with two proposed retail pads: a 10,000 square foot pad adjacent to El Super and a 0.5-acre drive-thru pad capable of accommodating up to 3,600 square feet. This prime location and flexible space options make 4G Plaza an attractive investment for both established businesses and new ventures seeking a high-traffic, easily accessible retail space in a thriving area. The property's substantial size and parking capacity ensure ample room for growth and expansion.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $4,730,000
      Market price range: $1.63M - $7.50M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $10,515,000
      Current use
      INDUSTRIAL (GENERAL)
      $12,615,000
      Change: +20% Conversion: Difficult
      MEDICAL BUILDING
      $11,725,000
      Change: +12% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $10,810,000
      Change: +3% Conversion: Easy

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.082
    Latitude
    36.1579
    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
    $35,695
    $617,000
    $935,957
    $1,552,957
    -
    $1,762,857
    $2,674,163
    $4,437,020

    Comparable in this City

    • Value Estimation by Request
      1.51 Acres

      2401 Sandhill Rd

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      2401 Sandhill Rd, Sunrise Manor, NV 89104
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    • Value Estimation
      $740,000
      3,852 SF

      4325 Charleston Blvd

      CONVENIENCE STORE
      4325 Charleston Blvd, Las Vegas, NV 89104-5519
      View Details
    • Value Estimation
      $965,000
      3,200 SF

      4581 Charleston Blvd

      CONVENIENCE STORE
      4581 Charleston Blvd, Las Vegas, NV 89104-5501
      View Details
    • Value Estimation
      $535,000
      2,560 SF

      1701 Las Vegas S Blvd

      CONVENIENCE STORE
      1701 Las Vegas S Blvd, Las Vegas, NV 89104-1301
      View Details
    • Value Estimation
      $8,850,000
      39,768 SF

      1400 Lamb Blvd

      GROCERY, SUPERMARKET
      1400 Lamb Blvd, Las Vegas, NV 89104-5416
      View Details
    • Value Estimation
      $695,000
      2,340 SF

      1220 Atlantic St

      CONVENIENCE STORE
      1220 Atlantic St, Las Vegas, NV 89104-2172
      View Details

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      Retail space available with a long-term tenant.
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    Similar Nearby for Lease

    • Contact for pricing
      3,662 SF

      Retail Anchor Box For Lease

      Retail anchor box available in central east submarket.
      1860-1866 E Charleston Blvd, Las Vegas, NV 89104
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      Retail Space on Eastern Avenue

      Retail space available for lease in Las Vegas, Nevada.
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      Prime Retail Space in Las Vegas

      Exceptional retail space with high visibility and ample parking.
      2975 East Sahara Ave, Las Vegas, NV 89104
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      1,300 SF

      Retail Space Near Charleston Boulevard

      Retail space available near Charleston Boulevard and Bruce Street.
      1720-1854 E Charleston Blvd, Las Vegas, NV 89104
      View Details
    • Contact for pricing
      4,550 SF

      Retail Space Near High-Traffic Intersection

      New retail space with high traffic counts and easy highway access.
      4225 E Charleston Blvd, Las Vegas, NV 89104
      View Details
    • Contact for pricing
      949 SF

      Retail Space Near High-Traffic Intersection

      New construction retail space with high traffic counts and accessibility.
      4255 E Charleston Blvd, Las Vegas, NV 89104
      View Details
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    Las Vegas, NV 89104-5526
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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