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    2672 N Buffalo Dr Las Vegas, NV 89128
    Property profile & analytics

    2672 N Buffalo Dr Las Vegas, NV 89128

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    • High-rise multifamily apartments
    • 359,558 SF
    • 10.29 lot acres
    For Lease
    View Listing →
    Luxury Apartments with Retail Space For Lease
    Contact for pricing
    5,400 SF

    Luxury Apartments with Retail Space

    Upscale apartments and retail in Las Vegas Technology Center.

    2672 N Buffalo Dr, Las Vegas, NV 89128
    View Listing
    Property ID
    US62-0723117
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Wellness Essentials / Medical Supply Store

    Property Details for 2672 N Buffalo Dr

    Year built
    2017
    Construction
    FRAME
    Lot size
    10.29 lot acres
    Property size
    359,558 SF
    Property type
    High-rise multifamily apartments
    APN
    138-15-310-053
    APU
    13815310053

    Description

    This exceptional Class A mixed-use property, known as Buffalo Inspire, offers 5,373 square feet of retail and office space in a prime Las Vegas location at 2672 N Buffalo Dr, 89128. Situated on a 10.29-acre lot, this development features four buildings, including two four-story structures and two two-story buildings, totaling five suites. The property boasts a minimum divisible space of 1,022 square feet, with 1,776 square feet currently vacant. Built in 2017, the property is zoned as Planned Business Park District (C-PB) and benefits from excellent visibility along N. Buffalo Dr. & Peak Dr. The property's strategic location within the Las Vegas Technology Center, a mixed-use business park, provides easy access to major roadways like US-95 Freeway and Summerlin Parkway, serving the affluent Summerlin and Desert Shores communities. The meticulously landscaped grounds offer inviting common areas. The APN is 138-15-310-053. This opportunity presents a unique chance to establish a presence in a thriving, high-traffic area. The property's modern design and convenient amenities make it an attractive option for a variety of businesses.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $5,007,752,000
      Market price range: $64.1M - $9.54G

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.259
    Latitude
    36.2092
    CBSA code
    29820
    CBSA name
    LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $596,352
    $2,677,500
    $18,108,648
    $20,786,148
    -
    $7,650,000
    $51,738,994
    $59,388,994

    Comparable in this City

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      2.50 Acres

      7401 Washington Ave

      APARTMENT HOUSE (5+ UNITS) • 2.50 Acres
      7401 Washington Ave, Las Vegas, NV 89128-4306
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    • Value Estimation by Request
      7.06 Acres

      2300 Rock Spgs Dr

      APARTMENT HOUSE (5+ UNITS) • 7.06 Acres
      2300 Rock Spgs Dr, Las Vegas, NV 89128-3140
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      7.10 Acres

      7401 Washington Ave

      APARTMENT HOUSE (5+ UNITS) • 7.10 Acres
      7401 Washington Ave, Las Vegas, NV 89128-4306
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      7.50 Acres

      2300 Rock Spgs Dr

      APARTMENT HOUSE (5+ UNITS) • 7.50 Acres
      2300 Rock Spgs Dr, Las Vegas, NV 89128-3140
      View Details
    • Value Estimation by Request
      5.00 Acres

      7401 Washington Ave

      APARTMENT HOUSE (5+ UNITS) • 5.00 Acres
      7401 Washington Ave, Las Vegas, NV 89128-4306
      View Details

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      3,111 SF

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      Professional office space in the Las Vegas NW Medical District.
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      Fully built-out office building with immediate income potential.
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      2,506 SF

      Professional Office Building For Lease

      Two-story office building with remodeled suites and ample parking.
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      5,525 SF

      New Retail Space For Sale

      New construction retail space with freeway access and strong population.
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      2,654 SF

      Las Vegas Office Space Available

      Office space available for rent in Las Vegas, Nevada.
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      8,800 SF

      Medical Office Investment Opportunity

      Standalone medical office building in Northwest Medical District for sale.
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    Similar Nearby for Lease

    • Contact for pricing

      Luxury Apartments with Retail Space

      Upscale apartments and retail in Las Vegas Technology Center.
      2672 N Buffalo Dr, Las Vegas, NV 89128
      View Details
    • Contact for pricing

      Retail Space in Sea Breeze

      Retail space anchored by Albertsons in affluent Summerlin adjacent area.
      1750 N Buffalo Dr, Las Vegas, NV 89128
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      Flexible Workspace Solutions Available

      Global network of workspaces with tailored options for rent.
      2410 Fire Mesa St, Las Vegas, NV 89128
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      Neighborhood Retail Center For Lease

      Busy retail center with strong co-tenants in affluent area.
      8401 W Lake Mead Blvd, Las Vegas, NV 89128
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      130,111 SF

      Arroyo Beltway Commercenter Freestanding Building

      Freestanding building with ESFR sprinklers and ample parking.
      7120 S Buffalo Dr, Las Vegas, NV 89128
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      Anchored Shopping Center on Lake Mead

      Retail spaces available in a busy, anchored shopping center.
      7290 W Lake Mead Blvd, Las Vegas, NV 89128
      View Details
    View Listing
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    Las Vegas, NV 89128
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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