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    2685 Eastern Ave Las Vegas, NV 89169-1889

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    2685 Eastern Ave Las Vegas, NV 89169-1889

    View on Map
    • Strip malls
    • 7,200 SF
    • 1.32 lot acres
    Off-Market
    Property ID
    US62-0052198
    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
    $2,260,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • T-Mobile / Mobile Phone Store / Electronics & Wireless Store
    • helping kids clinic / Barber Shop
    • Roberto's Taco Shop / Restaurant
    • Jolie Nail Spa / Nail Salon

    Property Details for 2685 Eastern Ave

    Year built
    2007
    Construction
    FRAME
    Lot size
    1.32 lot acres
    Property size
    7,200 SF
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    162-11-503-012
    APU
    16211503012

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,905,000
      6.5%
      $2,680,000
      7%
      $2,490,000

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $3,125,000
      Current use
      RETAIL STORES
      $2,690,000
      Change: -14% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.119
    Latitude
    36.1412
    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
    $18,633
    $191,184
    $460,043
    $651,227
    -
    $546,240
    $1,314,409
    $1,860,649

    Comparable in this City

    • Value Estimation
      $11,490,000
      37,425 SF

      3900 Paradise Rd

      SHOPPING CENTER, STRIP CENTER • 37,425 SF
      3900 Paradise Rd, Las Vegas, NV 89169-0931
      View Details
    • Value Estimation
      $4,695,000
      25,791 SF

      525 Twain Ave

      SHOPPING CENTER, STRIP CENTER • 25,791 SF
      525 Twain Ave, Las Vegas, NV 89169-4925
      View Details
    • Value Estimation
      $2,045,000
      12,504 SF

      2300 Desert Inn Rd

      SHOPPING CENTER, STRIP CENTER • 12,504 SF
      2300 Desert Inn Rd, Las Vegas, NV 89169-3298
      View Details
    • Value Estimation
      $3,875,000
      19,271 SF

      3333 Maryland Pkwy

      SHOPPING CENTER, STRIP CENTER • 19,271 SF
      3333 Maryland Pkwy, Las Vegas, NV 89169-3098
      View Details
    • Value Estimation
      $3,180,000
      12,928 SF

      3465 Maryland Pkwy

      SHOPPING CENTER, STRIP CENTER • 12,928 SF
      3465 Maryland Pkwy, Las Vegas, NV 89169
      View Details
    • Value Estimation
      $1,590,000
      6,667 SF

      3519 Maryland Pkwy

      SHOPPING CENTER, STRIP CENTER • 6,667 SF
      3519 Maryland Pkwy, Las Vegas, NV 89169-3094
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,935 SF

      Paradise Road Retail Center For Sale

      Fully occupied retail center with national tenants in Las Vegas.
      4501 Paradise Rd, Las Vegas, NV 89169
      View Details
    • Contact for pricing
      4,935 SF

      Retail Space Near UNLV Campus

      Retail property near UNLV's west entrance, including Thomas & Mack Center.
      455 E Harmon Ave, Las Vegas, NV 89169
      View Details
    • Contact for pricing
      4,600 SF

      Commercial Property on Eastern Avenue

      Commercial property with C-P zoning, suitable for office or retail.
      3847 S Eastern Ave, Las Vegas, NV 89169
      View Details
    • $245,000
      750 SF

      Las Vegas Strip Condo/Hotel

      Furnished condo/hotel near the Las Vegas Strip with amenities.
      211 E Flamingo Rd, Las Vegas, NV 89169
      View Details
    • $6,900,000
      6,779 SF

      Luxury Penthouse with Strip Views

      Exclusive two-story penthouse in Las Vegas with panoramic views.
      1 Hughes Center Dr, Las Vegas, NV 89169
      View Details
    • $245,000
      750 SF

      Las Vegas Condo/Hotel with Views

      Furnished condo/hotel near the Las Vegas Strip with amenities.
      211 E Flamingo Rd, Las Vegas, NV 89169
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      6,014 SF

      Retail Space in Vons Anchored Center

      Retail spaces available in a busy, anchored shopping center.
      1155-1159 E Twain Ave, Las Vegas, NV 89169
      View Details
    • $51 SF/Yr
      32,267 SF

      The Collective: Las Vegas Retail

      Resort Corridor Retail Spaces Available
      3900 Paradise Rd, Las Vegas, NV 89169
      View Details
    • Contact for pricing
      12,115 SF

      Retail Space on Paradise Road

      Retail space available for lease on Paradise Road, Las Vegas.
      3987 Paradise Rd, Las Vegas, NV 89169
      View Details
    • Contact for pricing
      2,379 SF

      Retail Space in High-Density Area

      Retail space in a high-traffic, high-density Las Vegas location.
      3200 S Eastern Ave, Las Vegas, NV 89169
      View Details
    • Contact for pricing
      2,975 SF

      Retail Space in High-Density Area

      Retail space for lease in a high-traffic Las Vegas location.
      3240 S Eastern Ave, Las Vegas, NV 89169
      View Details
    • Contact for pricing

      Retail Space at Maryland Parkway

      Retail space with high visibility and traffic near Las Vegas Strip.
      1155 E Twain Ave, Las Vegas, NV 89169
      View Details
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    2685 Eastern Ave
    Las Vegas, NV 89169-1889
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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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    2685 Eastern Ave, Las Vegas, NV, 89169

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