10445 Spencer St, Las Vegas, NV
Multi-tenant strip center in a strong retail hub.
- Added:
- Sep 4, 2025
- Days on Market:
- 280
- Last Refresh:
- May 20 at 8:41 pm
Property Features for 10445 Spencer St
General Information
- Standard status
- Active
- Size
- 10,800 SF
- Lot size
- 4.63 Acres
- Property subtype
- RETAIL
Listing agent Mica Berg
Listing office Adelphi Property Advisors LLC (702) 755-5486
Listing date Sep 4, 2025
Source Moodyscre
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Adelphi Property Advisors LLC
HighLights
- 100% Occupied with Internet‑Resistant Tenants providing immediate and stable income.
- Strong Retail Hub Location near Costco, Hobby Lobby, and Starbucks.
- Anchored by Goodyear/Tire Choice, a nationally recognized tenant.
- High Tenant Retention with approximately 88% of tenants in place since 2018.
- Relatively New Construction built in 2017.
- Multi‑Tenant Strip Center offering diversified income streams.
Overview
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $369.4k | $34.20 |
| − Vacancy | −$21.1k | −$1.95 |
| EGI | $348.3k | $32.25 |
| − OpEx | −$87.1k | −$8.06 |
| NOI | $261.2k | $24.19 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Las Vegas
- County
- Clark
- State
- Nevada
- Longitude
- -115.129
- Latitude
- 36.006