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

6883 Eastern Ave Las Vegas, NV 89119-4685

6,916 SF 0.16 ac lot Built 2006
Entity Owned 8-yr Hold Free & Clear
Property ID
US62-0382351
Property summary
AI-generated overview

This exceptional restaurant opportunity is located at 6883 S Eastern Ave, Las Vegas, NV 89119, situated between East Warm Springs Road and West Sunset Road. The property, known as Palm Court, is a multi-tenant strip center with a total building size of 7,098 square feet. Currently, there is 2,008 square feet of vacant space available, perfect for a second-generation restaurant. The available space measures 2,008 square feet. The property's zoning is M-D, allowing for a variety of commercial uses. The property's address is easily accessible from Eastern Avenue and Sunset Road, offering high visibility and convenient access for customers. The Clark County Assessor's Parcel Number (APN) is 177-02-614-016. This prime location in a bustling area of Las Vegas presents a unique chance to establish or expand a thriving restaurant business. The property's strategic placement ensures high foot traffic and visibility, making it an ideal location for a restaurant seeking a strong presence in the Las Vegas market. This is a rare opportunity to secure a well-positioned restaurant space in a high-traffic area. Don't miss out on this chance to capitalize on the vibrant Las Vegas culinary scene.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2006
Construction FRAME
Total area 6,916 SF
Lot 0.16 ac (6,970 SF)
APN 177-02-614-016
UPID US62-0382351
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
  • CASH 1 Loans Loan Service
  • Village East Plaza Shopping Center & Mall
  • Sacred Tatau Tattoo & Piercing Shop
  • Taqueria 2 Carnales Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.82M
Owner & transaction history
Palm Court Center LLC · 8 yrs held
Palm Court Center LLC
since 2018
7 recorded transactions
2018
Price N/A
2015
$2.1M
2012
Price N/A
2009
Price N/A
2009
Price N/A
2006
$1.7M
2006
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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