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Property profile & analytics
FOR LEASE
Strip malls

8401 W Lake Mead Blvd Las Vegas, NV 89128

29,852 SF 3.42 ac lot Built 1994
Individually Owned 2-yr Hold ~ Est. High Equity
Property ID
US62-0189127
Property summary
AI-generated overview

This exceptional investment opportunity presents a 36,390-square-foot retail center situated on a 3.42-acre lot in Las Vegas, Nevada. Built in 1994, the property comprises four single-story buildings and is zoned P-C Planned Community (City of Las Vegas), offering flexibility for various retail uses. The center boasts a strong tenant mix, including restaurants, fitness facilities, salon suites, and dental practices, catering to the high-demand daily needs of the surrounding community. Located at 8401 W Lake Mead Blvd, 89128, this property benefits from its prime location along a busy retail corridor, surrounded by major national retailers such as Smith's, Whole Foods, Sprouts Farmers Market, EOS Fitness, Walgreens, Big Lots, and 99 Cent Only. The affluent surrounding neighborhood boasts average household incomes exceeding $127,000 annually within a one-mile radius, ensuring a robust customer base. To further enhance visibility and tenant signage, ownership is currently constructing a new monument sign along Lake Mead Boulevard. This well-established retail center presents a compelling investment opportunity with significant potential for growth and strong returns. The property's APN is 138-20-614-004.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1994
Construction FRAME
Total area 29,852 SF
Lot 3.42 ac (148,975 SF)
APN 138-20-614-004
UPID US62-0189127
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
  • Mr Moonwalk Inflatables Rental Party Supply Store Rental Equipment Company
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$8.75M
CAP Approach CAP
$11.11M
Comparable Approach Comparable
$12.90M
Blend (final) Blend
$10.88M
Owner & transaction history
Csim Pueblo At Summerlin Prop Owner · 2 yrs held
Csim Pueblo At Summerlin Prop Owner
since 2023
Last sale
$11.0M
4 recorded transactions
2023
$11.0M
2012
Price N/A
2002
$4.3M
1997
$2.7M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $16.6M +27.9%
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More about this property
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