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    Property profile & analytics
    OFF-MARKET Estimated value $1,820,000
    Strip malls

    5020 Broadbent Blvd, Las Vegas, NV 89122-8400

    5,588 SF 1.26 ac lot Built 2006
    Individually Owned 22-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US62-0230141
    Property summary
    AI-generated overview

    This exceptional retail opportunity is located at 5020 S Broadbent Blvd, Las Vegas, NV 89122, situated on a prominent corner lot at the intersection of Tropicana Avenue and Broadbent Boulevard. The property, known as Cherry Plaza, offers a total of 2,400 square feet of retail space within a single-story building constructed in 2006. Currently, there is approximately 1,200 square feet available for lease, with a minimum leasable space of 1,200 square feet. The property sits on 1.26 acres of land (APN: 161-27-502-002) and is zoned C-2. The building features two suites in total. The landlord will deliver the space in vanilla shell condition, ready for tenant improvements, including a drop ceiling, air conditioning, and a bathroom. This prime location is surrounded by numerous single-family homes, ensuring a strong customer base. Nearby businesses include Texas Liquor, Alexandre Pizza, and Apache Joe's Bar & Grill. Long-term leases are preferred. Please note that smoke shops are not permitted due to existing tenant agreements. This space is ideal for a variety of uses, including hair and nail salons, pet grooming businesses, fitness centers, or general office space.

    Property profile
    Verified
    Property type Strip malls
    Use group SHOPPING CENTER, STRIP CENTER
    Year built 2006
    Construction FRAME
    Total area 5,588 SF
    Lot 1.26 ac (54,886 SF)
    APN 161-27-502-002
    UPID US62-0230141
    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
    • Alexander's Pizza Restaurant
    • Primo water Hardware & Home Improvement
    • Texas Market & Liquor (Bike/Boat/Book/etc) Store Wine and Liquor Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    $2.08M
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $1.82M
    Owner & transaction history
    John K Djahangiri · 22 yrs held
    John K Djahangiri
    since 2003
    7 recorded transactions
    2017
    2005
    2003
    $137,500
    2003
    $375,000
    2001
    $163,000
    2000
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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