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    Property profile & analytics

    8878 Eastern Ave Las Vegas, NV 89123-3290

    • Strip malls
    • 12,000 SF
    • 0.65 lot acres
    OFF-MARKET
    Value Estimation
    $9,795,000
    Last Sale
    Apr 23, 2024
    $9,900,000
    Location Intelligence
    Property ID
    US62-0226856
    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.

    Current Use by Public Records

    • Havana Grill / Cuban Restaurant
    • The Coffee Class / Lunch Restaurant / Pastry Shop
    • Prosecco Fresh Italian Kitchen - Las Vegas / Brunch Restaurant / Italian Restaurant

    Property Details for 8878 Eastern Ave

    Year built
    1999
    Construction
    FRAME
    Lot size
    0.65 lot acres
    Property size
    12,000 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    177-13-423-027
    APU
    17713423027

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $9,900,000

    • CAP approach

      CAP return
      Estimation
      6%
      $10,790,000
      6.5%
      $9,660,000
      7%
      $10,175,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $9,160,000
      Geo Method
      $10,480,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $9,055,000
      Retail
      $10,140,000
      Mixed-Use
      $10,105,000
      Hospitality
      $8,020,000
      Educational
      $8,530,000
      Residential Income
      $8,855,000
      Energy
      $9,140,000
      Income-Based Land
      $7,870,000
      Food Service
      $8,685,000

    Location Insight

    • Map
    • Local Demand
    City
    Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.115
    Latitude
    36.0281
    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
    $14,439
    $138,739
    $426,647
    $565,386
    -
    $396,397
    $1,218,991
    $1,615,388

    Comparable in this City

    • Value Estimation by Request
      63,335 SF

      9210 Eastern Ave

      SHOPPING CENTER, STRIP CENTER • 63,335 SF
      9210 Eastern Ave, Las Vegas, NV 89123-4833
      View Details
    • Value Estimation by Request
      10,023 SF

      7620 Las Vegas S Blvd

      SHOPPING CENTER, STRIP CENTER • 10,023 SF
      7620 Las Vegas S Blvd, Las Vegas, NV 89123-1057
      View Details
    • Value Estimation by Request
      13,889 SF

      1920 Serene Ave

      SHOPPING CENTER, STRIP CENTER • 13,889 SF
      1920 Serene Ave, Las Vegas, NV 89123-3284
      View Details
    • Value Estimation
      $7,280,000
      13,510 SF

      9635 Bermuda Rd

      SHOPPING CENTER, STRIP CENTER • 13,510 SF
      9635 Bermuda Rd, Las Vegas, NV 89123-3501
      View Details
    • Value Estimation
      $9,910,000
      13,637 SF

      8868 Eastern Ave

      SHOPPING CENTER, STRIP CENTER • 13,637 SF
      8868 Eastern Ave, Las Vegas, NV 89123-4902
      View Details
    • Value Estimation
      $8,355,000
      9,000 SF

      8200 Maryland Pkwy

      SHOPPING CENTER, STRIP CENTER • 9,000 SF
      8200 Maryland Pkwy, Las Vegas, NV 89123-4102
      View Details

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    8878 Eastern Ave
    Las Vegas, NV 89123-3290
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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