8678 Spg Mtn Rd Las Vegas, NV 89117-4112
Property profile & analytics
8678 Spg Mtn Rd, Las Vegas, NV 89117-4112
- Strip malls
- 8,468 SF
- 0.72 lot acres
Property ID
US62-1080774
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.
Location Intelligence
Current Use by Public Records
- Astoria Advertising / Marketing & Advertising / Advertising Agency
- The Neck and Back Clinics – Southwest / Alternative Medicine Practice
- Farmers Insurance - Don Brkovich / Insurance Agency
- CutStream Web Design / Marketing & Advertising / (Bike/Boat/Book/etc) Store
- Law Office William H Jackson / Law Firm
Property Details for 8678 Spg Mtn Rd
- Year built
- 2000
- Construction
- FRAME
- Lot size
- 0.72 lot acres
- Property type
- Strip malls
- Property subtype
- Shopping centers
- APN
- 163-17-515-028
- APU
- 16317515028
Description
This exceptional investment opportunity presents a fully occupied, single-story office building totaling 9,687 square feet situated on a 0.72-acre lot in the desirable West Las Vegas submarket. The property, built in 2000, boasts a strong 6.45% cap rate and a substantial net operating income (NOI) of $187,000, reflecting a 100% occupancy rate. The building is comprised of three units, currently leased to a mix of tenants. A prominent neck and back clinic occupies a significant portion of the space under a lease extending through November 2028. Another tenant is on a month-to-month agreement, and a third tenant's lease expires in July 2024, with a two-year renewal option. The property is zoned Commercial Professional (CP) and enjoys a prime location at 8678 Spring Mountain Rd, Las Vegas, NV 89117, conveniently located north of the northwest corner of Durango and Spring Mountain Roads, directly across from Desert Breeze Park. Its strategic position offers easy access to Summerlin, The Lakes, and the 215 freeway, catering to a high-income demographic with a median household income exceeding $63,642 within a 3-mile radius. This presents a compelling investment opportunity with significant potential for long-term growth and stable cash flow. The asking price is $2,750,000. APN: 163-17-515-028.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $3,415,000
- 6.5%
- $3,150,000
- 7%
- $2,925,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $3,035,000
Market price range: $1.89M - $6.69M -
Alternative Use
- Use
- Estimation
- NEIGHBORHOOD: SHOPPING CENTER
- $3,675,000 Current use
- RETAIL STORES
- $3,165,000 Change: -14% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Las Vegas
- County
- Clark
- State
- Nevada
- Longitude
- -115.281
- Latitude
- 36.1275
- 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
$11,465
$140,945
$304,108
$445,053
-
$402,700
$868,880
$1,271,580
