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Property profile & analytics
OFF-MARKET Estimated value $3,985,000
Strip malls

1720 Serene Ave Las Vegas, NV 89123-3217

14,000 SF 1.43 ac lot Built 2020
Entity Owned 4-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US62-0314058
Property summary
AI-generated overview

Serene Shops, located at 1720-1780 East Serene Avenue in Las Vegas, Nevada, presents a fantastic opportunity for retail businesses. This 13,284 square foot retail center, built in 2020, is zoned C-1 (Local Business) and offers a variety of possibilities. Currently, there is 1,363 square feet of vacant space available, perfect for a new tenant seeking a vibrant and accessible location. The property's multiple tenancy structure allows for a diverse mix of businesses, creating a synergistic environment. The building's modern design and construction ensure a high-quality space for any retail operation. Situated in Clark County, this property benefits from excellent visibility and convenient access for customers. The address is easily accessible from major roadways, ensuring high traffic flow. The 1,363 square foot vacant space is ready for immediate occupancy, providing a turnkey solution for businesses looking to establish or expand their presence in the thriving Las Vegas market. This property offers a unique blend of modern amenities and a prime location, making it an ideal investment for discerning retail entrepreneurs. The zip code is 89123. This is a rare opportunity to secure retail space in a desirable area of Las Vegas.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2020
Construction FRAME
Total area 14,000 SF
Lot 1.43 ac (62,291 SF)
APN 177-23-214-002
UPID US62-0314058
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
  • Don Tortaco Mexican Grill #22 Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$5.21M
Comparable Approach Comparable
by Request
Blend (final) Blend
$3.99M
Owner & transaction history
Standard Insurance Company · 4 yrs held
Standard Insurance Company
since 2022
2 recorded transactions
2022
Price N/A
2021
$5.8M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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