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Property profile & analytics
OFF-MARKET Estimated value $585,000
Strip malls

2545 Lynnwood St Las Vegas, NV 89109-1203

4,230 SF 0.3 ac lot Built 1963
Entity Owned 1-yr Hold Free & Clear
Property ID
US62-0191804
Property summary
AI-generated overview

This exceptional 0.3-acre commercial land parcel, located at 2545 Lynnwood Street in Las Vegas, Nevada (APN 162-10-111-002), presents a remarkable development opportunity. Priced at $600,000, the property boasts pre-approved plans for a roughly 5,000 square-foot building. These comprehensive plans encompass architectural designs, engineering specifications, surveys, and a Phase 1 environmental assessment, streamlining the development process. The property benefits from excellent visibility, enhanced by an existing pylon sign visible from Sahara Avenue, a major thoroughfare with high traffic volume. Its strategic location is approximately half a mile from the Las Vegas Strip, the Resort Corridor, and the Las Vegas Convention Center, placing it within close proximity to significant tourist attractions and a thriving commercial hub. The surrounding area is characterized by a mix of multifamily residential buildings and retail establishments, creating a dynamic and desirable environment. The property is zoned CR (Commercial Resort), allowing for a variety of development possibilities. This prime location and existing infrastructure make this an exceptional investment opportunity.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1963
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 4,230 SF
Lot 0.3 ac (13,068 SF)
APN 162-10-111-002
UPID US62-0191804
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
  • habits llc Business Management Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$705k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$585k
Owner & transaction history
Odelya LLC · 1 yrs held
Odelya LLC
since 2025
Last sale
$515,000
7 recorded transactions
2025
$515,000
2021
Price N/A
2019
$530,000
2018
$320,000
2016
Price N/A
2016
$230,000
2016
$230,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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