Property profile

9755 Flamingo Rd Las Vegas, NV 89147

OFF-MARKET
Turn key restaurants
Property ID
US62-0475280
7,560 SF 0.86 ac lot Built 2006
Entity Owned 10-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional retail opportunity is located within the Grand Flamingo Center, a single-story building totaling 50,651 square feet, situated at 9755 W Flamingo Rd, Las Vegas, NV 89147. The property boasts a highly desirable location at the busy interchange of I-215 and Flamingo Road, within the South Summerlin submarket. Currently, 6,803 square feet of contiguous retail space is available for lease, ideal for a variety of uses, including restaurants and other retail establishments. The flexible space can accommodate tenants seeking anywhere from 3,000 to 7,300 square feet. The building features a total of one suite, making this a unique opportunity for a single large tenant or a smaller tenant seeking a prominent location. The property's address is easily accessible and benefits from high visibility due to its strategic placement near a major highway intersection. This location offers excellent exposure to a large volume of daily traffic, ensuring significant foot traffic and potential customer reach. The Grand Flamingo Center presents a compelling investment opportunity for businesses seeking a prime retail location in a thriving Las Vegas submarket. The available space is ready for immediate occupancy, providing a seamless transition for new tenants. This is a rare chance to secure a prominent retail presence in a high-traffic area of Las Vegas.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 2006
Construction FRAME
Total area 7,560 SF
Lot 0.86 ac (37,462 SF)
APN 163-19-511-025
UPID US62-0475280

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

9755 Flamingo Rd Las Vegas, NV 89147-5712
Las Vegas metro Census 5848 LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$170k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$215k

Owner & transaction history

since 2016
4 recorded transactions
2016
Price N/A
2013
$5.3M
2007
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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