Property profile

3115 Eastern Ave Las Vegas, NV 89169

OFF-MARKET
Medical Office Space
Property ID
US62-1261754
3,375 SF 0.22 ac lot Built 1963
Individually Owned 22-yr Hold ~ Est. High Equity
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional 3,375-square-foot medical office building in Las Vegas, Nevada, is offered for sale at $900,000. Located at 3115 S Eastern Ave, this Class C property sits on a 0.22-acre lot and boasts a prime location in the Paradise Palms submarket, near Sunrise Hospital and Medical Center, offering easy access to a large residential population. The building, constructed in 1963 and renovated in 2024, features six exam rooms, administrative offices, a lab, and a breakroom. Currently 100% occupied by a family practice physician group under a modified lease, the tenant is expected to vacate in April 2026, presenting a leasing or owner-user opportunity. Recent improvements include new breakroom flooring, asphalt sealing, and restriping. The property is zoned Commercial Professional (CP) and offers a turnkey solution for medical professionals seeking to establish or expand their practice. The building's central location, near shopping and other medical facilities, adds to its appeal. This investment presents a unique opportunity to acquire an updated, well-located medical office building in a thriving Las Vegas neighborhood. The property's APN is 162-11-811-074. The price per square foot is $266.67.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1963
Construction FRAME
Total area 3,375 SF
Lot 0.22 ac (9,583 SF)
APN 162-11-811-074
UPID US62-1261754

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Physician
  • Physician
  • Physician
  • Employment Agency
  • Physician

Location

3115 Eastern Ave Las Vegas, NV 89169-3308
Las Vegas metro Census 1902 LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$350k

Owner & transaction history

since 2004
1 recorded transaction
2004
$503,750

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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?”
You own 3115 Eastern Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
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