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Property profile & analytics
OFF-MARKET Estimated value $2,000,000
Office buildings

1775 Nellis Blvd Las Vegas, NV 89115-6605

2,322 SF 0.71 ac lot Built 1982
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US62-0443965
Property summary
AI-generated overview

This exceptional 0.96-acre commercial property in Las Vegas, Nevada, is ideally situated on North Nellis Boulevard, a high-traffic area with approximately 36,000 vehicles passing daily, ensuring excellent visibility and exposure. The property includes two buildings totaling 3,924 square feet on a lot zoned CG (Commercial General). One building is a 1,624 square foot auto repair shop featuring two roll-up doors, a fully fenced and gated yard, and outdoor lift capabilities. The second building is a 2,300 square foot retail/office building divided into three individual suites, each with separate metering. The property also benefits from a grandfathered-in auto sales license. Built in 2008, this vacant property offers significant potential for various commercial uses, including additional retail spaces or fast-food establishments. The asking price is $1,999,999, translating to $509.68 per square foot. The property's address is 1775 N Nellis Blvd, Las Vegas, NV 89115, with APN numbers 14020802010 and 14020802005. The property is currently vacant and available for occupancy on May 1, 2024. This prime location presents a unique opportunity for owner-users or investors seeking a high-visibility commercial property in a thriving Las Vegas market.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1982
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 2,322 SF
Lot 0.71 ac (30,928 SF)
APN 140-20-802-010
UPID US62-0443965
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
  • Goodfellas Auto Group Car Dealership
  • Pioneer Loan Center Loan Service
  • DMV Connection Services Department Of Motor Vehicles
  • House of Cars Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$2.00M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.00M
Owner & transaction history
Zara Properties LLC · 1 yrs held
Zara Properties LLC
since 2024
Last sale
$2.0M
4 recorded transactions
2024
$2.0M
2001
$210,000
1996
$185,000
1993
$402,500
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $1.5M +108.9%
Auto repair, garage $1.3M +83.4%
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