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Property profile & analytics
OFF-MARKET Estimated value $6,120,000
Strip malls

750 Dorrell Ln North Las Vegas, NV 89086-1013

12,000 SF 8.85 ac lot Built 2009
Individually Owned 1-yr Hold Free & Clear
Property ID
US62-0572916
Property summary
AI-generated overview

This exceptional 16.14-acre commercial land parcel in North Las Vegas, NV, presents a unique investment opportunity. Located within the Deer Springs Town Center power center, this property boasts three contiguous parcels with C-2 zoning, allowing for approximately 200,000 square feet of retail development. The site benefits from high visibility and accessibility, situated near the CC-215 Beltway and North 5th Street, and is adjacent to a thriving shopping center anchored by major national retailers such as Target, Ross, Home Depot, and Burlington. This strategic location serves a robust population of approximately 249,137 within a 5-mile radius, exhibiting an impressive average household income of $100,655. The property's potential is further enhanced by its proximity to significant residential growth projects, including the Villages at Tule Springs Masterplan, which plans over 8,600 homes. An existing 12,000 square foot retail building on the site offers potential rental income of $288,000, providing cash flow during future development phases. The asking price is $12,470,000, with a land value of $17.74 per square foot. The property's APN is 124-23-110-004, 124-23-110-005, and 124-23-210-014. This offering is ideal for developers and investors seeking to capitalize on North Las Vegas's expanding market. The property's location within a high-traffic retail environment, coupled with strong demographics and significant acreage, makes it a compelling investment prospect for various commercial ventures.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2009
Construction FRAME
Total area 12,000 SF
Lot 8.85 ac (385,506 SF)
APN 124-23-110-004
UPID US62-0572916
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
  • Vegas Erectile Dysfunction Doctor Medical Group
  • EndlessTCG Pokemon Shop (Bike/Boat/Book/etc) Store
  • Hot Wheels Trading Department Store Grocery & Convenience Store
  • Hefestus USA Inc. Production Facility
  • Glenn Portable Toilet Rentals Building Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$6.12M
CAP Approach CAP
by Request
Comparable Approach Comparable
$8.19M
Blend (final) Blend
$6.12M
Owner & transaction history
Jaswinder S Grover · 1 yrs held
Jaswinder S Grover
since 2024
Last sale
$6.1M
2 recorded transactions
2024
$6.1M
2013
$50.5M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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