1400 Wyoming St Boulder City, NV 89005-2791
- Office buildings
- 5,342 SF
- 0.07 lot acres
Current Use by Public Records
- A Gentle Cleanse Wellness Bar / Health Consultant / Physical Fitness Program
- Hear Well Center Boulder City / Hearing Aid Store
- Wildflower Salon BC (Closed) / Hair Salon
- Praxis / Parking Garage
- Ooh La La / Pet Groomer / Boutique
Property Details for 1400 Wyoming St
- Year built
- 2001
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.07 lot acres
- Property size
- 5,342 SF
- Property type
- Office buildings
- APN
- 186-09-102-001
- APU
- 18609102001
Description
This exceptional investment opportunity presents a fully leased, mixed-use building in historic Boulder City, Nevada. The property, located at 1400 Wyoming St, boasts 5,342 square feet of net rentable space across a two-story building constructed in 2001. Currently operating at 100% occupancy, the property generates a strong net operating income (NOI) of $66,405, yielding an attractive 5.11% capitalization rate. The building sits on a 0.07-acre lot and is zoned C2, allowing for flexibility in future uses. Currently configured as one residential space and five commercial spaces, there's potential to create one or two additional units. The property's prime location in a high-traffic area ensures consistent tenant demand and opportunities for future rent increases. This well-maintained building offers a blend of historic charm and modern functionality, making it an ideal investment for discerning buyers seeking a stable, high-yielding asset in a thriving Nevada community. The asking price is $1,300,000.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $750,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,060,000
- 6.5%
- $1,070,000
- 7%
- $1,020,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,175,000
- Geo Method
- $960,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $825,000
- Retail
- $970,000
- Mixed-Use
- $810,000
- Hospitality
- $870,000
- Educational
- $850,000
- Residential Income
- $1,080,000
- Energy
- $955,000
- Income-Based Land
- $1,070,000
- Food Service
- $1,005,000
Location Insight
- Map
- Local Demand
- City
- Boulder City
- County
- Clark
- State
- Nevada
- Longitude
- -114.838
- Latitude
- 35.9769
- CBSA code
- 29820
- CBSA name
- LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA