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    3360 W Cactus Ave Las Vegas, NV 89141

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    3360 W Cactus Ave Las Vegas, NV 89141

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    • Strip malls
    • 7,109 SF
    • 0.45 lot acres
    For Sale
    $4,625,000
    View Listing →
    Multi-Tenant Strip Center For Sale For Sale
    $4,625,000
    7,085 SF

    Multi-Tenant Strip Center For Sale

    7,085 SF multi-tenant strip center, 100% occupied in Las Vegas.

    3360 W Cactus Ave, Las Vegas, NV
    View Listing
    Property ID
    US62-0478933
    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

    • Gentle Dental Southern Highlands (Cactus) / Dental Office
    • Highline Smoke & Vape / (Bike/Boat/Book/etc) Store

    Property Details for 3360 W Cactus Ave

    Year built
    2023
    Construction
    FRAME
    Lot size
    0.45 lot acres
    Property size
    7,109 SF
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    177-29-410-002
    APU
    17729410002

    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
    -115.185
    Latitude
    35.9997
    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
    $10,178
    $164,657
    $235,255
    $399,912
    -
    $470,449
    $672,157
    $1,142,606

    Comparable in this City

    • Value Estimation
      $6,200,000
      10,038 SF

      10430 Decatur Blvd

      SHOPPING CENTER, STRIP CENTER • 10,038 SF
      10430 Decatur Blvd, Las Vegas, NV 89141-8710
      View Details
    • Value Estimation by Request
      16,706 SF

      3698 Cactus Ave

      SHOPPING CENTER, STRIP CENTER • 16,706 SF
      3698 Cactus Ave, Las Vegas, NV 89141-8832
      View Details
    • Value Estimation
      $1,955,000
      6,504 SF

      10650 Southern Highlands Pkwy

      SHOPPING CENTER, STRIP CENTER • 6,504 SF
      10650 Southern Highlands Pkwy, Las Vegas, NV 89141-4374
      View Details
    • Value Estimation
      $1,850,000
      6,386 SF

      Las Vegas, NV 89141

      SHOPPING CENTER, STRIP CENTER • 6,386 SF
      Las Vegas, NV 89141
      View Details
    • Value Estimation
      $6,200,000
      5,770 SF

      10430 Decatur Blvd

      SHOPPING CENTER, STRIP CENTER • 5,770 SF
      10430 Decatur Blvd, Las Vegas, NV 89141-8710
      View Details
    • Value Estimation
      $5,450,000
      13,236 SF

      4550 Cactus Ave

      SHOPPING CENTER, STRIP CENTER • 13,236 SF
      4550 Cactus Ave, Las Vegas, NV 89141-0915
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      7,085 SF

      Multi-Tenant Strip Center For Sale

      7,085 SF multi-tenant strip center, 100% occupied in Las Vegas.
      3360 W Cactus Ave, Las Vegas, NV 89141
      View Details
    • Contact for pricing
      8,066 SF

      New Retail Center Investment

      100% occupied retail center in Southwest Las Vegas.
      4352 W Cactus Ave, Las Vegas, NV 89141
      View Details
    • Contact for pricing
      5,000 SF

      Versatile Industrial Property in Las Vegas

      Well-equipped industrial property with offices and service repair garage.
      9275 S Jones Blvd, Las Vegas, NV 89141
      View Details
    • $5,899,000
      2.56 Acres

      Southern Highlands Estate Lot

      2.56-acre lot in a double-gated, guard-gated community.
      2 Shadow Canyon Ct, Las Vegas, NV 89141
      View Details
    • $6,050,000

      Prime Las Vegas Commercial Land

      4.31 Acres, Excellent Location, $6.05M
      9403 Fort Apache Rd, Las Vegas, NV 89141
      View Details
    View Listing
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    Las Vegas, NV 89141
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    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
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    3360 W Cactus Ave, Las Vegas, NV, 89141

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