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    8359 W Sunset Rd Las Vegas, NV 89113

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    8359 W Sunset Rd Las Vegas, NV 89113

    View on Map
    • Strip malls
    • 7,662 SF
    • 2.06 lot acres
    For Lease
    $2,480,000
    View Listing →
    Renovated Retail Space Available For Lease
    $2,480,000
    2,435 SF

    Renovated Retail Space Available

    Retail space for lease with recent renovations and upgrades.

    8359 W Sunset Rd, Las Vegas, NV
    View Listing
    Property ID
    US62-0059578
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • The Pilates Firm / Gym & Fitness Center
    • Gears & Grinds / Cafe & Coffee Shop
    • Martina Koteva: Allstate Insurance / Insurance Agency
    • Centra Point at the Curve / Corporate Office
    • Helen Figueredo Valdes: Allstate Insurance / Insurance Agency

    Property Details for 8359 W Sunset Rd

    Year built
    2006
    Construction
    FRAME
    Lot size
    2.06 lot acres
    Property size
    7,662 SF
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    176-04-111-005
    APU
    17604111005

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,090,000
      6.5%
      $2,850,000
      7%
      $2,650,000

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $3,325,000
      Current use
      RETAIL STORES
      $2,865,000
      Change: -14% Conversion: Easy
      OFFICE BUILDING
      $2,710,000
      Change: -19% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.273
    Latitude
    36.067
    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
    $28,056
    $690,952
    $751,013
    $1,441,965
    -
    $1,974,149
    $2,145,751
    $4,119,900

    Comparable in this City

    • Value Estimation
      $1,990,000
      6,107 SF

      6410 10th Way

      SHOPPING CENTER, STRIP CENTER • 6,107 SF
      6410 10th Way, Las Vegas, NV 89113-6648
      View Details
    • Value Estimation
      $6,340,000
      23,035 SF

      6635 10th Way

      SHOPPING CENTER, STRIP CENTER • 23,035 SF
      6635 10th Way, Las Vegas, NV 89113-1926
      View Details
    • Value Estimation
      $555,000
      9,019 SF

      6410 Durango Dr

      SHOPPING CENTER, STRIP CENTER • 9,019 SF
      6410 Durango Dr, Las Vegas, NV 89113-7101
      View Details
    • Value Estimation
      $2,585,000
      13,134 SF

      7260 Cimarron Rd

      SHOPPING CENTER, STRIP CENTER • 13,134 SF
      7260 Cimarron Rd, Las Vegas, NV 89113-2136
      View Details
    • Value Estimation
      $6,250,000
      13,539 SF

      7315 Warm Spgs Rd

      SHOPPING CENTER, STRIP CENTER • 13,539 SF
      7315 Warm Spgs Rd, Las Vegas, NV 89113-3604
      View Details
    • Value Estimation
      $3,540,000
      11,050 SF

      6520 Buffalo Dr

      SHOPPING CENTER, STRIP CENTER • 11,050 SF
      6520 Buffalo Dr, Las Vegas, NV 89113-2162
      View Details

    Similar Nearby for Sale

    • $2,450,000

      Retail Property For Sale

      Retail property available for purchase in Las Vegas, Nevada.
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      39,833 SF

      Las Vegas Warehouse with Office

      39,833 SF warehouse with two-story office space.
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    • $3,500,000

      Sunset and Tenaya Corner Lot

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      41,207 SF

      Upcoming Office Building For Sale

      Upcoming 41,207 SF professional office building in Las Vegas.
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      117,212 SF

      Las Vegas Industrial Condo Facility

      Premium industrial condos in southwest Las Vegas with excellent connectivity.
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    Similar Nearby for Lease

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      1,220 SF

      Grocery Anchored Neighborhood Center

      Retail space in a busy, established shopping center.
      7445 S Durango Dr, Las Vegas, NV 89113
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      1,170 SF

      Renovated Retail Space Available

      Retail space for lease with recent renovations and upgrades.
      8359 W Sunset Rd, Las Vegas, NV 89113
      View Details
    • Contact for pricing
      5,000 SF

      Retail Center at Durango Drive

      Retail property with gas station and grocery in Las Vegas.
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      2,000 SF

      Retail Space in New Residential Area

      Retail space available in a strategically located shopping center.
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      View Details
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      Busy Shopping Center For Rent

      Shopping center with great tenants in a busy location.
      8090 Blue Diamond Rd, Las Vegas, NV 89113
      View Details
    • Contact for pricing

      Arroyo Market Square Retail Center

      940,000 SF retail power center with big-box tenants.
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      View Details
    View Listing
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    Las Vegas, NV 89113
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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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