Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Englestad & Cheyenne North Las Vegas, NV 89032

    Sponsored
    For Sale
    $80,000

    Land - North Las Vegas, NV

    Lot size:
    0.22 Acres
    Days on Market:
    67
    Last Refresh:
    Jan 26 at 8:06 am

    Property Features for Englestad & Cheyenne

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Commercial,Light Industrial
    APN
    139-10-410-046
    Lot size
    0.22 Acres

    Utilities

    Water source
    Public

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    George M Shimoyama
    George M Shimoyama

    Century 21 Americana (702) 598-4600

    Listing agent George M Shimoyama (702) 598-4600 License #S.0028996

    Listing date Nov 21, 2025

    MLS# 1536132 Listing URL

    Copyright © 2026 Greater Las Vegas Association of REALTORS®, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    North Las Vegas Land Available

    This 0.22-acre land parcel is located near Englestad and Cheyenne in North Las Vegas, Nevada. The property is situated across the street from commercial buildings and the Clark County School Bus Depot. Zoned M-2, the land allows for commercial and light industrial uses. It presents opportunities for building or holding as an investment. Additional lots are available for sale in the vicinity.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    North Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.147366
    Latitude
    36.218042

    Nearby Similar for Sale

    • $2,449,425
      8,907 SF

      High-End Office & Warehouse Space

      Two-story office and warehouse in Cheyenne West Corporate Center.
      2645 W Cheyenne Ave, North Las Vegas, NV 89032
      View Details
    • $1,800,000
      5,500 SF

      Retail Center Near Mixed-Use Development

      Retail shopping center near Lake Mead and Simmons with redevelopment potential.
      3011 West Lake Mead Blvd, North Las Vegas, NV 89032
      View Details
    • $5,557,900
      7,860 SF

      WSKY Bar + Grill Investment

      Single-tenant, triple-net leased investment opportunity in North Las Vegas.
      2992 W Cheyenne Ave, North Las Vegas, NV 89032
      View Details
    • $2,999,999
      9,899 SF

      North Las Vegas Industrial Building

      9,899 SF industrial building with high-end office and storage.
      4429 Losee Rd, North Las Vegas, NV 89081
      View Details
    • $850,000
      2,564 SF

      North Las Vegas Office Opportunity

      Strategically located office building near essential services and major highways.
      3820 W Ann Rd, North Las Vegas, NV 89031
      View Details
    • $659,888

      Well-Maintained Fourplex in North Las Vegas

      Single-story fourplex with remodeled units, strong cash flow potential.
      2252 Ellis St, North Las Vegas, NV 89030
      View Details
    • $759,900

      Remodeled Fourplex with New Upgrades

      Completely remodeled fourplex with new electrical, AC, roof, and interiors.
      3229 Figler Ct, North Las Vegas, NV 89030
      View Details
    • $655,000

      North Las Vegas Fourplex Investment

      Well-maintained fourplex with recent upgrades and strong rental demand.
      2101 Sun Ave, North Las Vegas, NV 89030
      View Details
    • $624,900

      Fully Leased Fourplex Investment Opportunity

      Fully leased fourplex in active area with strong rental income.
      2519 Carroll St, North Las Vegas, NV 89030
      View Details
    • $240,000
      1,010 SF

      Clean Condo in Gated Community

      Cozy 2-bedroom condo with garage near Nellis AFB.
      3920 Smokey Fog Ave, North Las Vegas, NV 89081
      View Details
    • $4,130,860
      4,240 SF

      New Heartland Dental NNN Lease

      New construction NNN lease with corporate guaranty by Heartland Dental.
      4372 W Ann Rd, North Las Vegas, NV 89031
      View Details
    • $674,900

      Well-Maintained Investment Fourplex

      Four 2-bedroom units near amenities, ideal for investors.
      2308 Seco Adobe Cir, North Las Vegas, NV 89030
      View Details

    FAQs

    What type of property is this?
    Land - Land in North Las Vegas with commercial and industrial zoning.
    Where is this land located?
    The property is located at Englestad & Cheyenne North Las Vegas, NV.
    What is the asking price?
    The asking price for this property is $80,000.
    What are key features of this property?
    This property features: - M-2 Zoning allowing for a wide range of commercial and industrial uses.; - Significant Price Reduction, almost $100,000 decrease.; - Investment Potential, suitable for building or holding.
    (702) 598-4600
    Request Owner's contact information
    Englestad & Cheyenne North Las Vegas, NV 89032
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Englestad & Cheyenne
    North Las Vegas, NV 89032
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Englestad & Cheyenne North Las Vegas, NV 89032
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    George M Shimoyama
    George M Shimoyama
    Real Estate License ID: S.0028996
    (702) 598-4600
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.