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Property profile & analytics
OFF-MARKET Estimated value $730,000
Strip malls

4348 Craig Rd Las Vegas, NV 89115-1905

7,590 SF 0.77 ac lot Built 2007
Entity Owned 16-yr Hold ~ Est. High Equity
Property ID
US62-0138823
Property summary
AI-generated overview

Craig Lamb Plaza presents a unique investment opportunity encompassing three buildings situated on a roughly graded, mostly level lot with readily accessible utilities. This multi-use property, zoned C-2, offers a flexible range of spaces, from approximately 5,000 square feet to 82,764 square feet, suitable for various retail, industrial, warehouse, flex, and manufacturing uses. The property's strategic location boasts exceptional access to major transportation arteries, including proximity to two I-15 freeway exits within one mile. Its advantageous position near established industrial and retail sectors further enhances its appeal. The property is conveniently located approximately 1.5 miles from Nellis Air Force Base, approximately 4 miles from the Las Vegas Motor Speedway, and about 13 miles from Apex, providing access to a diverse workforce and consumer base. The property includes three separate buildings constructed in 2007, and is situated near Lamb Blvd. The APN is 140-05-212-010. With its versatile zoning and prime location, Craig Lamb Plaza offers significant potential for growth and return on investment. The property is currently multi-tenant occupied, with available space totaling 1 square foot. This presents a rare opportunity to acquire a well-positioned property in a rapidly developing area.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2007
Construction FRAME
Total area 7,590 SF
Lot 0.77 ac (33,541 SF)
APN 140-05-212-009
UPID US62-0138823
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
  • Metro by T-Mobile Mobile Phone Store Electronics & Wireless Store
  • Dennis R Moore Pediatrician Medical Clinic
  • Western Union Bank Credit Union
  • Ortho Sport & Spine Physicians Physician
  • Check City Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$593k
Blend (final) Blend
$730k
Owner & transaction history
Craig & Lamb LLC · 16 yrs held
Craig & Lamb LLC
since 2010
4 recorded transactions
2010
$1.3M
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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