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Property profile & analytics
OFF-MARKET Estimated value $9,900,000
Strip malls

8826 Eastern Ave Las Vegas, NV 89123-4824

25,500 SF 2.24 ac lot Built 2000
Entity Owned 2-yr Hold ~ Est. High Equity
Property ID
US62-0244196
Property summary
AI-generated overview

Exceptional opportunity to lease the last remaining suite at Regal Plaza, a vibrant 141,482 square foot multi-use center in Las Vegas, NV. This Class B property, built in 2000, boasts seven buildings situated on a 13.37-acre lot at the high-traffic intersection of Eastern and Pebble Roads (approximately 44,000 cars daily). The single available unit offers excellent visibility and accessibility, with a minimum leasable area of 1,500 square feet and a maximum contiguous space of 18,000 square feet. The property features a diverse tenant mix including retail, restaurants, entertainment, and professional offices, catering to the surrounding dense residential population. The convenient location offers close proximity to the 215 Beltway, ensuring high traffic volume and easy access for customers and employees. Zoned C-2, this property presents a unique opportunity for businesses seeking a prime location in a thriving Las Vegas community. The APN is 177-13-423-024. Total building suites number 34, with currently 1,134 square feet of vacant space. The property consists of single-story buildings.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2000
Construction FRAME
Total area 25,500 SF
Lot 2.24 ac (97,574 SF)
APN 177-13-423-024
UPID US62-0244196
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
  • Motum Athletics & Fitness Gym & Fitness Center
  • Dr Van Tran OD/Trans-Vision PC Physician
  • Huang Andy OD Physician
  • Angell Todd OD Physician
  • Camtu Nguyen OD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$9.90M
CAP Approach CAP
$9.49M
Comparable Approach Comparable
$7.16M
Blend (final) Blend
$9.90M
Owner & transaction history
Regal I LLC · 2 yrs held
Regal I LLC
since 2024
Last sale
$9.9M
5 recorded transactions
2024
Price N/A
2024
Price N/A
2024
Price N/A
2011
$9.9M
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $16.1M +45.7%
Auto repair, garage $14.2M +27.9%
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