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Property profile & analytics
OFF-MARKET Estimated value $745,000
Office buildings

3889 Eastern Ave Las Vegas, NV 89169-3322

3,129 SF 0.23 ac lot Built 1964
Individually Owned 1-yr Hold ~ Est. High Equity
Property ID
US62-1082003
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1964
Construction FRAME
Total area 3,129 SF
Lot 0.23 ac (10,019 SF)
APN 162-14-710-037
UPID US62-1082003
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Blackwood Camera Rental Tech Support Center Rental Equipment Company
  • Benevolent Generation, LLC Business Service Center
  • Chefach Holdings Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$790k
Comparable Approach Comparable
$628k
Blend (final) Blend
$745k
Owner & transaction history
Magic Prop Series 1 A Series Of Mag · 1 yrs held
Magic Prop Series 1 A Series Of Mag
since 2024
Last sale
$776,000
7 recorded transactions
2024
$776,000
2013
$250,000
2012
$250,000
2010
$225,381
2004
$330,000
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores $1.2M +23.5%
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