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Property profile & analytics
OFF-MARKET Estimated value $2,670,000
Strip malls

8678 Spg Mtn Rd Las Vegas, NV 89117-4112

8,468 SF 0.72 ac lot Built 2000
Entity Owned ~ Est. High Equity
Property ID
US62-1080774
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2000
Construction FRAME
Total area 8,468 SF
Lot 0.72 ac (31,363 SF)
APN 163-17-515-028
UPID US62-1080774
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
  • 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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$3.15M
Comparable Approach Comparable
$3.04M
Blend (final) Blend
$2.67M
Owner & transaction history
Miga Properties LLC Series Viii
Miga Properties LLC Series Viii
since 2025
Last sale
$2.3M
4 recorded transactions
2025
$2.3M
2019
$1.7M
2008
$1.2M
2001
$1.7M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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