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193 E Warm Springs Rd 4,813 SF 100% Leased Retail Building Las Vegas, NV 89119 $1,790,000 ($371.91/SF)
Investment Highlights
- The property is a ±4,813 SF freestanding retail building on 0.45 acres.
- The surrounding area includes over 349K residents within a five-mile radius.
- The building was constructed in 2004 and allows for various commercial uses under C-1 zoning.
- It is located along Warm Springs Road with excellent visibility and access to Interstate 215.
- Average household incomes exceed $96K, supporting strong retail fundamentals.
- Attractive landscaping and proximity to the airport and retail draws enhance location appeal.
Executive Summary
Flexible Ownership Structure
Hybrid opportunity appealing to both investors and owner-users
Three tenants on month-to-month leases allow immediate owner occupancy upon closing
One tenant (Farmers Insurance, Suite 101) has lease through 09/30/2027, providing stable rental income from day one
Hybrid opportunity appealing to both investors and owner-users
Three tenants on month-to-month leases allow immediate owner occupancy upon closing
One tenant (Farmers Insurance, Suite 101) has lease through 09/30/2027, providing stable rental income from day one
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
4,813 SF
Building Class
B
Year Built
2004
Price
$1,790,000
Price Per SF
$371.91
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.25
Lot Size
0.45 AC
Zoning
C-1, County
Parking
21 Spaces (4.38 Spaces per 1,000 SF Leased)
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Bridal Boutique Fashion
- Retailer
- -
- -
- -
-
- Finance and Insurance
- -
- -
- -
Farmers Insurance began in 1928, when its founders set out to provide quality insurance at a reasonable price. The company offers coverage for home, auto, life, business, recreational vehicles, and other financial products through multiple brands and distribution channels, including exclusive agencies, independent agents, online sales, and company call centers. Farmers has grown into a U.S. insurance group with a broad market presence and a national claims service network. The business continues to serve households and businesses across the country while maintaining its focus on insurance and related financial services.
- Las Vegas Roses
- Retailer
- -
- -
- -
- Vegas Baby 4d Ultrasound
- Health Care and Social Assistance
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Bridal Boutique Fashion | Retailer | - | - | - | ||
|
|
Finance and Insurance | - | - | - | ||
| Las Vegas Roses | Retailer | - | - | - | ||
| Vegas Baby 4d Ultrasound | Health Care and Social Assistance | - | - | - |
Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
50/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 177-09-113-005 | Improvements Assessment | $173,338 |
| Land Assessment | $123,493 | Total Assessment | $296,831 |
Property Taxes
Parcel Number
177-09-113-005
Land Assessment
$123,493
Improvements Assessment
$173,338
Total Assessment
$296,831
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