Property profile

3720 W Lake Mead Blvd North Las Vegas, NV 89032

FOR SALE
Bars & Pubs
Property ID
US62-0518285
6,230 SF 1.53 ac lot Built 2007
Individually Owned 8-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

Station Plaza presents a unique 11.78-acre development opportunity in North Las Vegas, Nevada. Located at 3720 W Lake Mead Blvd, this commercially zoned (C-2) parcel boasts an exceptional location with high visibility and significant traffic counts. The property's APN is 13919510007. Its strategic position offers immediate access to a major thoroughfare, Lake Mead Boulevard, experiencing 17,000 vehicles daily, and is complemented by Rancho Drive's 33,000 daily vehicles. This prime land is ideal for a variety of development projects, including multifamily residential, retail centers, and medical facilities. The site's adjacency to the Texas Station Redevelopment Site further enhances its potential for significant returns. This exceptional offering provides developers with a rare chance to capitalize on a high-growth area with strong demographics and excellent infrastructure. The property is available for sale or ground lease, presenting flexibility for various investment strategies. Serious inquiries are encouraged to explore this compelling investment opportunity in a thriving Nevada market. The property's size and zoning make it suitable for large-scale development projects, promising substantial returns for the right investor. This is a rare chance to acquire a significant parcel of land in a rapidly developing area of North Las Vegas.

Property profile

Verified
Property type Bars & Pubs
Use group BAR, TAVERN
Year built 2007
Construction FRAME
Total area 6,230 SF
Lot 1.53 ac (66,647 SF)
APN 139-19-613-001
UPID US62-0518285

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
  • Atm
  • Bar & Pub

Location

3720 W Lake Mead Blvd North Las Vegas, NV 89032
North Las Vegas metro Census 3616 LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$595k

Owner & transaction history

since 2018
7 recorded transactions
2024
Price N/A
2021
Price N/A
2018
$5.3M
2015
$1.1M
2015
$1.1M
2014
$5.3M
1969
Price N/A

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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