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Property profile

865 North Lamb Blvd Las Vegas, NV 89110

FOR LEASE
Strip malls
Property ID
US62-0449306
12,976 SF 0.49 ac lot Built 1988
Last sale Nov 1994 · $710,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 24-yr Hold Held for 24 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

Lamb Square is a freestanding Class B retail strip center in the Northeast Las Vegas submarket. The property includes 12,977 square feet of one-story retail space on a 0.49-acre lot and is configured as a multi-tenant shopping center, with tenant uses including Dotty’s, Jackson Hewitt Tax Services, and Cricket Wireless. It provides 68 surface parking spaces and is zoned C-1 in Las Vegas. The property is positioned within the Northeast Las Vegas area, approximately 17 minutes from North Las Vegas Airport and about 21 minutes from Harry Reid International Airport.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$12k
Tax billed · 2023
Assessed value · 2024$407k
Assessed land$60k
Assessed improvement$347k
Effective rate2.91%

Value estimate

· Oct 2026
$310k
$279k – $341k
NOI build-up
Gross scheduled income$18k
Vacancy & credit loss−$2k
Operating expenses−$5k
NOI · 842,592.59% cap applied$11k

Realmo valuation models over county records and 4 qualifying comparable sales.

Recently sold

What actually traded nearby?
$434/SF
Submarket average, outlier-cleaned · 235 recorded sales of this use type
Observed band · Q1–Q3$223 – $790
Qualifying comparables4

Cap rate analysis

How does the asset earn?
842,592.59%
$11k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionCLARK

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency37.3
Law Firm33.1
Building Supply20.4

Location

865 North Lamb Blvd Las Vegas, NV 89110
County assessor Recorded deeds · 6 transfers 4 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
708 Nellis, Las Vegas, NV 89110-5307 $1,975,000 May 2024 6,340 SF
4441 Bonanza Rd, Las Vegas, NV 89110-3345 $3,550,000 May 2024 6,180 SF
305 Nellis Blvd, Las Vegas, NV 89110-5497 $25,000,000 Nov 2022 19,174 SF
745 Nellis, Las Vegas, NV 89110-5395 $7,093,000 Dec 2021 10,100 SF
4416 Bonanza, Las Vegas, NV 89110-6349 $829,840 Sep 2020 8,280 SF
4880 Bonanza Rd, Las Vegas, NV 89110-3455 $5,300,000 Jan 2020 10,472 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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