Property profile

3342 S Sandhill Rd Las Vegas, NV 89121

FOR LEASE
Strip malls
Property ID
US62-0138395
13,000 SF 0.2 ac lot Built 1976
Entity Owned 15-yr Hold Free & Clear
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Property summary

AI-generated overview

Vallejo Center, located at 3342 S Sandhill Rd in Paradise, Nevada (zip code 89121), presents a compelling retail investment opportunity. This single-story, 16,000 square foot Class B retail center, built in 1976, boasts a prime location at the busy intersection of Desert Inn and Sandhill Roads. The property offers excellent visibility and accessibility with ample parking for 72 vehicles. Three individual spaces are currently available, ranging in size from 1,200 to 3,600 square feet, making it suitable for a variety of retail or restaurant uses. The center is zoned C-2, allowing for diverse commercial applications. The property features prominent pylon and building signage opportunities, enhancing visibility for tenants. With its convenient location, ample parking, and strong signage potential, Vallejo Center provides an excellent platform for businesses seeking high-traffic exposure in a thriving area of Paradise, Clark County, Nevada. The property's APN is 161-18-510-015. The building has no elevators. This is a second-generation space, offering multiple tenancy options.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1976
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 13,000 SF
Lot 0.2 ac (8,712 SF)
APN 161-18-510-015
UPID US62-0138395

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
  • Furniture & Home Goods Home Decor Store
  • Marketing & Advertising Advertising Agency
  • Grocery & Convenience Store
  • Electrical Service General Contractor
  • Restaurant

Location

3342 S Sandhill Rd Las Vegas, NV 89121
Las Vegas metro Census 1709 LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

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

Owner & transaction history

since 2011
3 recorded transactions
2011
$960,000
2001
$1.8M
1995
$1.5M

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
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