You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
Back to Search
Property profile & analytics
FOR SALE
Strip malls

3075 E Flamingo Rd Las Las Vegas, NV 89121

36,455 SF 4.4 ac lot Built 1985
Entity Owned 10-yr Hold ~ Est. High Equity
Property ID
US62-1259687
Property summary
AI-generated overview

This exceptional 36,601 square foot, multi-tenant retail and office property in Central East Las Vegas presents a compelling value-add opportunity. Built in 1985 and renovated in 2016, the property boasts 100% occupancy with a diverse tenant mix including Putter's Bar & Grill and Movement Fitness (occupying 67% of the space and recently signing a five-year lease renewal). Other tenants include a church, salon suites, an insurance agency, and an accounting firm, creating a stable and well-rounded income stream. The property features 139 parking spaces and sits on a 3.11-acre lot with Commercial General (CG) zoning. Its prime location on E. Flamingo Road, near S. Eastern Avenue and S. Pecos Road, benefits from approximately 43,000 average daily traffic. The property is conveniently located less than 15 minutes from Harry Reid International Airport and major interstates, offering excellent accessibility. The weighted average lease term (WALT) is 2.5 years, providing immediate cash flow and long-term growth potential through lease renewals and potential rent increases. This fee-simple ownership opportunity is priced at $5,250,000 ($143.44/sq ft) and represents a strong investment in a thriving Las Vegas market. The property's strong cash flow, diverse tenancy, and strategic location make it an attractive investment for those seeking a core+ value-add opportunity.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1985
Construction FRAME
Total area 36,455 SF
Lot 4.4 ac (191,664 SF)
APN 162-24-501-002
UPID US62-1259687
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
  • Movement Fitness Las Vegas Gym & Fitness Center
  • Flamingo Courtyard Business Service Center Corporate Office
  • M & J Insurance Services Inc Insurance Agency
  • Bellure Salon Suites Hair Salon Nail Salon
  • Diego Barraza Allstate Insurance Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$8.87M
Comparable Approach Comparable
by Request
Blend (final) Blend
$7.06M
Owner & transaction history
Flamingo Partners LLC · 10 yrs held
Flamingo Partners LLC
since 2016
7 recorded transactions
2016
Price N/A
2015
$2.1M
2013
Price N/A
2012
$2.3M
2012
$2.4M
2005
$7.0M
1989
$1.9M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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