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    Property profile

    3580 Tropicana Ave Las Vegas, NV 89103

    OFF-MARKET
    Commercial real estate
    Property ID
    US62-1246228
    2,347 SF 0.47 ac lot Built 1984
    Individually Owned 18-yr Hold Absentee Owner Free & Clear
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    Property summary

    AI-generated overview

    This established Las Vegas auto repair shop, operating since 2004, presents a turnkey opportunity for an owner-user. Priced at $750,000, it boasts a net profit of $250,000 annually, representing a 33.33% cap rate. Located at 3580 E Tropicana Ave, Las Vegas, NV 89121, this 3749 sq ft facility features eight bays, ample parking (20 spaces), and serves over 2000 vehicles yearly. Currently operating under a multi-tenant NNN lease with two tenants, the lease has two years remaining. The property includes a 100% occupancy rate as of December 4, 2023, with a monthly lease rate of $5462 plus CAM charges of $1162.19. The business offers a wide range of repair and maintenance services and benefits from a strong reputation and positive online reviews. Built in 1989, this single-story building is SBA-financiable. Financial details are available upon request. This is a business acquisition only; no real property is included.

    Property profile

    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Year built 1984
    Construction CONCRETE
    Total area 2,347 SF
    Lot 0.47 ac (20,473 SF)
    APN 162-20-402-005
    UPID US62-1246228

    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
    • Auto Repair Shop
    • Auto Repair Shop
    2 occupants on record

    Location

    3580 Tropicana Ave Las Vegas, NV 89103
    Las Vegas metro Census 2956 LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA
    Google Maps

    Value estimations

    Realmo proprietary · 4 methods
    AI Approach AI
    $405k
    CAP Approach CAP
    $545k
    Comparable Approach Comparable
    $789k
    Blend (final) Blend
    $580k

    Owner & transaction history

    since 2008
    7 recorded transactions
    2020
    Price N/A
    2019
    Price N/A
    2017
    Price N/A
    2017
    Price N/A
    2016
    Price N/A
    2011
    Price N/A
    2008
    Price N/A

    Comparables

    6 recent transactions · within 1.5 mi
    Comparable in this city
    6 recent transactions

    Comparable in this City

    • Value Estimation
      $290,000
      0.49 Acres
      Las Vegas, NV 89103
      COMMERCIAL (GENERAL)
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      View Details
    • Value Estimation
      $285,000
      1.45 Acres
      4723 Wynn Rd
      COMMERCIAL (GENERAL)
      4723 Wynn Rd, Las Vegas, NV 89103-5405
      View Details
    • Value Estimation
      $6,465,000
      0.73 Acres
      3240 Harmon Ave
      COMMERCIAL (GENERAL)
      3240 Harmon Ave, Las Vegas, NV 89103
      View Details
    • Value Estimation
      $230,000
      0.05 Acres
      4370 Vly Vw Blvd
      COMMERCIAL (GENERAL)
      4370 Vly Vw Blvd, Las Vegas, NV 89103
      View Details
    • Value Estimation
      $290,000
      0.39 Acres
      4264 Fidus Dr
      COMMERCIAL (GENERAL)
      4264 Fidus Dr, Las Vegas, NV 89103
      View Details
    • Value Estimation
      $395,000
      0.39 Acres
      4505 Delancey Dr
      COMMERCIAL (GENERAL)
      4505 Delancey Dr, Las Vegas, NV 89103
      View Details

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    Recent comparable sales
    Sale price & price/SF · Sale date & distance · Adjustments & confidence
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