8678 Spg Mtn Rd Las Vegas, NV 89117-4112
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.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.