Property profile

750 Dorrell Ln North Las Vegas, NV 89086

OFF-MARKET
Strip malls
Property ID
US62-0572916
12,000 SF 8.85 ac lot Built 2009
Individually Owned 1-yr Hold Free & Clear
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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

Current use

Occupant on record · Public records
  • Medical Group
  • (Bike/Boat/Book/etc) Store
  • Department Store Grocery & Convenience Store
  • Production Facility
  • Building Supply

Location

750 Dorrell Ln North Las Vegas, NV 89086-1013
North Las Vegas metro Census 3659 LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA
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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

since 2024
Last sale
$6.1M
2 recorded transactions
2024
$6.1M
2013
$50.5M

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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