Property profile

1325 E Flamingo Rd Las Vegas, NV 89119

FOR LEASE
Outlet malls
Property ID
US62-0023594
50,847 SF 4.19 ac lot Built 1971
Individually Owned 12-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This freestanding, single-story retail and warehouse property, located at 1325 E Flamingo Rd, Las Vegas, NV 89119, offers 65,979 square feet of space in a C-class building constructed in 1975. The property sits on a 4.19-acre lot and features 162 parking spaces. Currently, there are three suites, with 22,360 square feet of vacant space available, divisible to a minimum of 3,000 square feet. The maximum contiguous space available is the entire 65,979 square feet. The property benefits from three-phase power but does not include elevators. Zoned CG, this versatile property is ideally suited for a variety of commercial uses. Its location in the Central East submarket of Las Vegas, near Escondido, provides excellent access to major transportation routes and a high volume of foot traffic. The property's proximity to the Las Vegas Strip, residential areas, and UNLV contributes to its high visibility and potential for strong customer traffic. The listed rate may not include certain utilities, building services, and property expenses. The APN is 16223101003.

Property profile

Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 1971
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 50,847 SF
Lot 4.19 ac (182,516 SF)
APN 162-23-101-003
UPID US62-0023594

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store Corporate Office
  • University Research Institute
  • University
  • Sports Field & Court Arcade & Gaming Center
  • Discount Store

Location

1325 E Flamingo Rd Las Vegas, NV 89119
Las Vegas metro Census 2506 LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$9.69M
Blend (final) Blend
$670k

Owner & transaction history

since 2014
7 recorded transactions
2014
Price N/A
2004
$6.9M
2001
Price N/A
1997
$3.0M
1969
Price N/A
1969
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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