3889 Eastern Ave Las Vegas, NV 89169-3322
Property profile & analytics
3889 Eastern Ave Las Vegas, NV 89169-3322
- Office buildings
- 3,129 SF
- 0.23 lot acres
Property ID
US62-1082003
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.
Location Intelligence
Current Use by Public Records
- Blackwood Camera Rental / Tech Support Center / Rental Equipment Company
- Benevolent Generation, LLC / Business Service Center
- Chefach Holdings / Real Estate Agency
Property Details for 3889 Eastern Ave
- Year built
- 1964
- Construction
- FRAME
- Lot size
- 0.23 lot acres
- Property size
- 3,129 SF
- Property type
- Office buildings
- APN
- 162-14-710-037
- APU
- 16214710037
Description
This exceptional investment opportunity presents a 3,129 square foot, single-tenant office building located at 3889 S Eastern Ave, Las Vegas, NV 89169. The property, built in 1964 and extensively renovated in 2013, features a luxurious Class B interior with nine offices, a reception area with a waterfall feature, an ADA-compliant restroom and kitchen on the first floor, and an additional restroom on the second floor. The building boasts ample parking with eight spaces, one designated handicap space, and additional on-street parking. The smart hub ensures efficient internet and cabling. Currently leased under a Net Lease (NNN) agreement with a remaining term of approximately 0.7 years, expiring July 30, 2025, with a three-year renewal option. The tenant, Blackwood Camera Rental, maintains 100% occupancy since July 1, 2022. The property sits on a 0.23-acre lot, zoned Commercial Professional (CP), and offers a strong NOI of $63,050, resulting in a 7.34% cap rate. The asking price is $859,000, translating to $274.53 per square foot. Its prime location along the Eastern Corridor, with approximately 32,000 vehicles passing daily, ensures high visibility and accessibility. The property's proximity to Desert Springs Hospital (less than one mile) and Sunrise Hospital (under two miles) further enhances its desirability. This is a turnkey investment opportunity with significant potential for long-term returns. APN: 162-14-710-037.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $855,000
- 6.5%
- $790,000
- 7%
- $735,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $628,000
Market price range: $628k - $1.37M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $950,000 Current use
- RETAIL STORES
- $1,170,000 Change: +23% Conversion: Moderate
- MEDICAL BUILDING
- $860,000 Change: -9% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Las Vegas
- County
- Clark
- State
- Nevada
- Longitude
- -115.119
- Latitude
- 36.1187
- 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
$1,971
$33,313
$40,247
$73,560
-
$95,180
$114,991
$210,171
