Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    280 Flamingo Rd Las Vegas, NV 89169-4724
    Back to Search
    Property profile & analytics

    280 Flamingo Rd, Las Vegas, NV 89169-4724

    View on Map
    • Banks
    • 3,300 SF
    • 0.90 lot acres
    Off-Market
    Property ID
    US62-0366474
    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

    • SMOKE WORLD / (Bike/Boat/Book/etc) Store
    • Jjanga Sushi & Oyster Bar / Restaurant
    • YO-YO Foot Massage / Spa & Massage Center
    • 24/7 Posh Nails Lounge / Nail Salon
    • Five Star Liquor / (Bike/Boat/Book/etc) Store / Wine and Liquor Store

    Property Details for 280 Flamingo Rd

    Year built
    2002
    Construction
    FRAME
    Lot size
    0.90 lot acres
    Property type
    Banks
    APN
    162-21-501-005
    APU
    16221501005

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 8, 2016 — Flamingo Corridor LLC — Trustees Deed · related $1.5M · Meadows Bk
    Mar 31, 2011 — Fc Income Properties LLC — Deed Of Trust · related $18.1M · Ing Life Ins & Annunity Co
    Nov 1, 2007 — Hrhh Dev LLC Hrhh Hotel Of Casino LLC Quit Claim Deed · related —
    Dec 24, 2003 — Fc Income Properties LLC — Deed Of Trust · related $18M · Transamerica Life Insurance Co
    Oct 27, 2003 $550,250 Fc Income Properties LLC Fc Properties LLC Grant Deed —
    Oct 27, 2003 $24,845,000 Fc Properties LLC Nevada Power Co Grant Deed $18.3M · Lasalle National Bank
    Oct 27, 2003 — Fc Income Properties Michael Supera Family LP Grant Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.161
    Latitude
    36.1148
    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
    $20,738
    $686,070
    $340,481
    $1,026,551
    -
    $1,960,200
    $972,803
    $2,933,003

    Comparable in this City

    • Value Estimation by Request
      0.17 Acres

      1129 Sierra Vis Dr

      FINANCIAL BUILDING
      1129 Sierra Vis Dr, Las Vegas, NV 89169-2903
      View Details
    • Value Estimation by Request
      0.19 Acres

      Las Vegas, NV 89169

      FINANCIAL BUILDING
      Las Vegas, NV 89169
      View Details
    • Value Estimation by Request
      6,047 SF

      3345 Maryland Pkwy

      FINANCIAL BUILDING
      3345 Maryland Pkwy, Las Vegas, NV 89169-3010
      View Details
    • Value Estimation by Request
      0.98 Acres

      4043 Howard Hughes Pkwy

      FINANCIAL BUILDING
      4043 Howard Hughes Pkwy, Las Vegas, NV 89169-0964
      View Details
    • Value Estimation by Request
      325 SF

      1129 Sierra Vis Dr

      FINANCIAL BUILDING
      1129 Sierra Vis Dr, Las Vegas, NV 89169-2903
      View Details
    • Value Estimation by Request
      6,969 SF

      3433 Maryland Pkwy

      FINANCIAL BUILDING
      3433 Maryland Pkwy, Las Vegas, NV 89169-3015
      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
      31,037 SF

      Las Vegas Resort Corridor Retail

      Multi-tenant retail center in the Las Vegas Resort Corridor.
      4503 Paradise Rd, Las Vegas, NV 89169
      View Details
    • Contact for pricing
      Pending

      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
    • $249,999
      0.19 Acres

      Commercial Lot on Eastern Avenue

      Commercial land available on a busy street in Las Vegas.
      3187 S Eastern Ave, Las Vegas, NV 89169
      View Details
    • Contact for pricing

      Las Vegas Vacant Land Parcel

      Vacant land parcel near MGM Casino, Las Vegas.
      4700 Deckow Ln, Las Vegas, NV 89169
      View Details

    Similar Nearby for Lease

    • $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
      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
    • 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

      High-Exposure Retail Space Available

      Retail space in high-traffic mixed-use center near the Las Vegas Strip.
      360 E Tropicana Ave, Las Vegas, NV 89169
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    280 Flamingo Rd
    Las Vegas, NV 89169-4724
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    280 Flamingo Rd, Las Vegas, NV, 89169
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!