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Property profile & analytics
FOR LEASE
Distribution centers

3240 W Harmon Ave Las Vegas, NV 89103

22,950 SF 1.29 ac lot Built 1981
Entity Owned 4-yr Hold ~ Est. High Equity
Property ID
US62-0367187
Property summary
AI-generated overview

This exceptional 5,063 square foot retail space, located at 3240 W Harmon Ave in Las Vegas, NV 89103, presents a unique investment opportunity. Situated on 2.1 acres of land in the coveted Resort Corridor submarket, this single-tenancy property offers unparalleled access to a substantial customer base. The ground floor location within the Aura building provides immediate proximity to tens of millions of annual tourists and hundreds of affluent residents in the luxury apartments above. This ensures high visibility and foot traffic, creating a strong foundation for a thriving business. The property's strategic location benefits from convenient access to major transportation arteries, including the I-15 and numerous connecting roads via the new Harmon Interchange and I-15 Tropicana projects, facilitating ease of access for both tourists and local residents throughout the Las Vegas valley. The entire 5,063 square feet is currently vacant, providing a blank canvas for a new restaurant concept or other suitable retail use. This presents a rare chance to establish a prominent presence in one of Las Vegas's most dynamic and high-traffic areas. The property's size and location make it ideal for a variety of restaurant concepts, catering to both the tourist and local populations. This is a truly exceptional opportunity to capitalize on the vibrant energy and substantial foot traffic of the Resort Corridor.

Property profile
Verified
Property type Distribution centers
Use group DISTRIBUTION WAREHOUSE
Year built 1981
Construction STEEL FRAME
Total area 22,950 SF
Lot 1.29 ac (56,192 SF)
APN 162-20-203-012
UPID US62-0367187
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
  • Aura Vegas Apartments Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$6.26M
CAP Approach CAP
by Request
Comparable Approach Comparable
$4.73M
Blend (final) Blend
$6.36M
Owner & transaction history
3240 W Harmon Owner LP · 4 yrs held
3240 W Harmon Owner LP
since 2022
Last sale
$6.5M
7 recorded transactions
2022
$6.5M
2019
$475,000
2019
Price N/A
2016
Price N/A
2016
$1.0M
2011
Price N/A
2004
$485,210
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center $10.0M +43.6%
Retail stores $8.6M +23.6%
Office building $7.8M +12.4%
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