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    Las Vegas Retail Strip Center Title is generated by Realmo AI

    10445 Spencer St, Las Vegas, NV

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    Multi-tenant strip center in a strong retail hub.

    Type:RETAIL
    Property size:
    10,800 SF
    Lot size:
    4.63 Acres
    Price / SF:
    $416/SF
    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

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    Listing Contact
    Mica Berg
    Mica Berg

    Listing agent Mica Berg

    Listing office Adelphi Property Advisors LLC

    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

    The property is a multi-tenant strip center of approximately 10,800 square feet, constructed in 2017. It is located in the Las Vegas Valley, within a strong retail hub that has grown in recent years with the addition of several nationally recognized brands. The property is 100% occupied and leased to an internet-resistant tenancy. Goodyear/Tire Choice occupies 51% of the property. Other tenants include The Chicken Shack, Almond & Oat Espresso Bar, MM Salon, and D’s Smokeshop. Approximately 88% of the tenants have occupied space since 2018, and 79% of the tenants have occupied space since the property was constructed in 2017.

    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
    10,800 SF · lease $34.20/SF/yr · vacancy 5.70% · expense 25.00%

    Alternative Uses

    Best Use
    Specialty Retail
    $3.73M
    $3.27M – $4.35M (±1% cap)
    NOI $261,230 @ 7.0% cap · market cap 5.81%
    Second Best
    Retail
    $3.48M
    $3.05M – $4.06M (±1% cap)
    NOI $243,815 @ 7.0% cap · market cap 5.42%
    Theoretical Best
    —
    —
    same as Best Use
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    The Chicken Shack Restaurant Spencer Crossings Retail Shopping Center & Mall Self Storage Storage Facility Almond & Oat Coffee ... Cafe & Coffee Shop D'Vinity Aesthetics Hair Salon

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.129
    Latitude
    36.006

    FAQs

    What type of property is this?
    Strip mall - Multi-tenant strip center in a strong retail hub.
    Where is this strip mall located?
    The property is located at 10445 Spencer St Las Vegas, NV.
    What is the asking price?
    The asking price for this property is $4,500,000.
    What are key features of this property?
    This property features: 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.
    (702) 755-5486 Call to check price and availability
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