Property profile

4425 W Spring Mountain Rd Las Vegas, NV 89102

FOR LEASE
Office buildings
Property ID
US62-0397528
24,402 SF 4.85 ac lot Built 1990
Entity Owned 3-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 72,536 square foot office campus, located at 4425 W Spring Mountain Rd, Las Vegas, NV 89102, presents a unique investment opportunity. The property comprises three buildings totaling 7 suites across 3 stories, offering flexible spaces ranging from 13,186 to 31,828 contiguous square feet. Currently, 31,828 square feet are vacant, providing significant potential for new tenants. Built in 1990, the buildings feature 10-12' ceilings and boast a convenient 4.3:1000 parking ratio. Amenities include elevators and a connecting subterranean parking garage with 63 spaces. The property benefits from a prime location in the heart of Las Vegas' Chinatown, a bustling area with over 150 restaurants and 20 strip malls, just 1.5 miles from the Las Vegas Strip. The property enjoys high visibility with over 460 feet of frontage on Spring Mountain Road at a signalized intersection, offering multiple signage opportunities. Zoned C-2, this property offers a rare combination of size, location, and flexibility, making it ideal for a variety of businesses. Planned facade and interior renovations in 2024 will further enhance the property's appeal. The property includes three buildings: a two-story, 18,864 SF building

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1990
Construction FRAME
Total area 24,402 SF
Lot 4.85 ac (211,266 SF)
APN 162-18-201-010
UPID US62-0397528

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
  • Bank Loan Service
  • Travel Agency Tour Operator
  • Atm
  • Financial Advisor

Location

4425 W Spring Mountain Rd Las Vegas, NV 89102
Las Vegas metro Census 2954 LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$9.85M
CAP Approach CAP
$6.17M
Comparable Approach Comparable
$10.38M
Blend (final) Blend
$9.56M

Owner & transaction history

since 2023
Last sale
$8.5M
4 recorded transactions
2024
Price N/A
2023
$8.5M
2023
Price N/A
1988
$1.5M

Zoning & alternative use

Top alternative use upside
Auto repair, garage $13.6M +85.2%
Neighborhood: shopping center $10.6M +44.8%

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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