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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    6610 Fort Apache Rd Las Vegas, NV 89148

    • Bars
    • 5,960 SF
    • 0.66 lot acres
    For Lease
    View listing
    $59,000
    Last Sale
    Jun 03, 2021
    $4,675,000
    Value Estimations
    $4,955,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US62-0812604
    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.

    Current Use by Public Records

    • PT's Gold / Bar & Grill / Casino

    Property Details for 6610 Fort Apache Rd

    Year built
    2006
    Construction
    FRAME
    Lot size
    0.66 lot acres
    Property size
    5,960 SF
    Property type
    Bars
    Property subtype
    Pubs
    APN
    176-05-112-004
    APU
    17605112004

    Description

    This exceptional 0.83-acre commercial land parcel, zoned C-2, presents a remarkable opportunity in Las Vegas's thriving Southwest submarket. Located at 6610 S. Fort Apache Road, this single-tenant pad boasts a highly desirable location at the intersection of S. Fort Apache Road and W. Sunset Road. The property's C-2 zoning allows for a variety of uses, including retail, restaurant, and drive-thru establishments, making it ideal for a range of businesses. Its strategic placement within a rapidly developing area, surrounded by existing and planned lifestyle centers, ensures high visibility and accessibility. These centers offer a wealth of amenities, including dining, shopping, fitness, wellness, and entertainment options, creating a vibrant and attractive environment for potential tenants and customers. The property's 0.83 acres provide ample space for development, accommodating a substantial building footprint and ample parking. This is a rare opportunity to acquire a prime commercial land parcel in one of Las Vegas's most sought-after locations, offering significant potential for long-term growth and return on investment. The property is situated in the 89148 zip code. This land is perfect for a restaurant with a double drive-thru.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $5,395,000
      ML approach
      $5,155,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,635,000
      Market price range: $1.80M - $6.61M

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $4,295,000
      Current use
      COMMERCIAL (GENERAL)
      $3,770,000
      Change: -12% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.297
    Latitude
    36.0681
    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
    $15,309
    $261,625
    $341,688
    $603,313
    -
    $747,500
    $976,251
    $1,723,751

    Comparable in this City

    • Value Estimation
      $390,000
      4,485 SF

      7272 El Capitan Way

      BAR, TAVERN • 4,485 SF
      7272 El Capitan Way, Las Vegas, NV 89148-1817
      View Details
    • Value Estimation
      $305,000
      4,167 SF

      6420 Hualapai Way

      BAR, TAVERN • 4,167 SF
      6420 Hualapai Way, Las Vegas, NV 89148-6435
      View Details
    • Value Estimation
      $300,000
      6,201 SF

      9732 Maule Ave

      BAR, TAVERN • 6,201 SF
      9732 Maule Ave, Las Vegas, NV 89148-4299
      View Details
    • Value Estimation
      $4,605,000
      6,228 SF

      5630 Hualapai Way

      BAR, TAVERN • 6,228 SF
      5630 Hualapai Way, Las Vegas, NV 89148-6411
      View Details
    • Value Estimation
      $325,000
      5,524 SF

      5790 Ft Apache Rd

      BAR, TAVERN • 5,524 SF
      5790 Ft Apache Rd, Las Vegas, NV 89148-5505
      View Details
    • Value Estimation
      $370,000
      5,012 SF

      9755 Russell Rd

      NIGHTCLUB (COCKTAIL LOUNGE) • 5,012 SF
      9755 Russell Rd, Las Vegas, NV 89148-5533
      View Details

    Similar Nearby for Sale

    • $3,550,000
      3,198 SF

      West Las Vegas Drive-Thru Restaurant

      Vacant quick-service restaurant with drive-thru in prime location.
      8660 W Warm Springs Rd, Las Vegas, NV 89148
      View Details
    • Contact for pricing
      4,500 SF

      Modern Retail Building in Southwest

      Anchored by 7-11, excellent visibility, surrounded by dense population.
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      1.48 Acres

      Las Vegas Commercial Land - 1.48 Acres

      High-traffic location, ideal for retail development.
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    • $169,000
      Pending

      Improved Lot in Las Vegas

      Improved lot with concrete pad and driveway in Las Vegas.
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    • $5,200,000
      8,864 SF

      Las Vegas Bar & Office Complex

      Prime location, 8,864 SF, 100% leased.
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    • $12,750,000
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      Class A Office Building For Sale

      Multi-tenant office building with income and freeway visibility.
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    Similar Nearby for Lease

    • $46 SF/Yr
      45,760 SF

      Sunset & Durango Retail Center

      Class A retail & office space in Las Vegas.
      8700 Sunset Rd, Las Vegas, NV 89148
      View Details
    • $48 SF/Yr
      14,500 SF

      Las Vegas Retail Pads Available

      New 2023 construction, high-growth area.
      5235 Fort Apache Rd, Las Vegas, NV 89148
      View Details
    • $59,000
      36,155 SF

      Las Vegas Pad - 0.83 Acres

      Prime Southwest Las Vegas C-2 Land
      6610 Fort Apache Rd, Las Vegas, NV 89148
      View Details
    • $18 SF/Yr
      650 SF

      Retail Space Available For Lease

      650 SF retail space for lease in Las Vegas.
      5325 S Fort Apache Rd, Las Vegas, NV 89148
      View Details
    • $3 SF/Yr
      5,000 SF

      Retail Building Available For Lease

      Retail building available in Henderson, NV, Q3 2026.
      Swc Gibson Rd & Warm Spg Rd, Henderson, NV 89148
      View Details
    • Contact for pricing
      1,190 SF

      Retail Space on S Ft Apache

      Retail space available for lease on S Ft Apache Rd.
      5135 S Fort Apache Rd, Las Vegas, NV 89148
      View Details
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    6610 Fort Apache Rd
    Las Vegas, NV 89148
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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