2610 E Lake Mead Blvd
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2610 E Lake Mead Blvd
7,700 SF 100% Leased Retail Building North Las Vegas, NV 89030 $3,499,000 ($454/SF) 5% Cap Rate
Executive Summary
Property owned for years near on Lake mead off Civic center 2/3rd leased.
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$180,000
|
$23.38
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$180,000
|
$23.38
|
| Taxes |
$2,993
|
$0.39
|
| Operating Expenses |
$5,000
|
$0.65
|
| Total Expenses |
$7,993
|
$1.04
|
| Net Operating Income |
$172,007
|
$22.34
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $180,000 |
| Annual Per SF | $23.38 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $180,000 |
| Annual Per SF | $23.38 |
| Taxes | |
|---|---|
| Annual | $2,993 |
| Annual Per SF | $0.39 |
| Operating Expenses | |
|---|---|
| Annual | $5,000 |
| Annual Per SF | $0.65 |
| Total Expenses | |
|---|---|
| Annual | $7,993 |
| Annual Per SF | $1.04 |
| Net Operating Income | |
|---|---|
| Annual | $172,007 |
| Annual Per SF | $22.34 |
Property Facts
Sale Type
Investment
Sale Condition
REO Sale
Property Type
Retail
Property Subtype
Building Size
7,700 SF
Building Class
C
Year Built
1964
Price
$3,499,000
Price Per SF
$454
Cap Rate
5%
NOI
$174,950
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.47
Lot Size
0.38 AC
Opportunity Zone
Yes
Zoning
R-A/CR - Planned Land Use:
Incorporated Clark County (INCORP)
Zoning Classification:
Redevelopment Area / Downtown Core (R-A DC)
Parking
40 Spaces (5.98 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Signage
Walk Score ®
Very Walkable (76)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 139-24-210-093 | Total Assessment | $137,469 |
| Land Assessment | $52,139 | Annual Taxes | $2,993 ($0.39/SF) |
| Improvements Assessment | $85,330 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
139-24-210-093
Land Assessment
$52,139
Improvements Assessment
$85,330
Total Assessment
$137,469
Annual Taxes
$2,993 ($0.39/SF)
Tax Year
2024
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2610 E Lake Mead Blvd
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