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    3103-3149 N Rancho Dr Las Vegas, NV 89106

    For Sale
    $4,550,000

    Value-add shopping center with junior-anchor opportunity in north Las Vegas.

    Property size:
    36,407 SF
    Lot size:
    8.93 Acres

    Property Features for 3103-3149 N Rancho Dr

    General Information

    Size
    36,407 SF
    Lot size
    8.93 Acres

    Source: Logic Commercial Real Estate | Reno Agent Ian Cochran

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Anchored Shopping Center For Sale

    Tonopah Plaza is a shopping center with a size of approximately 36,407 square feet, located in north Las Vegas at the signalized intersection of N. Rancho Dr. and W. Cheyenne Ave. The property is positioned along Hwy. 95 and experiences high traffic with over 52,500 CPD along W. Cheyenne Ave. The center is anchored by the separately-owned Savers discount furniture and appliance retailer. A separately-owned drive-thru McDonald’s is situated on the corner of the shopping center. The property features ample parking with over 550 spaces. The property is surrounded by a heavy residential development with just under 6,400 homes within a 1-mile radius. The center has a 70% vacancy, including a junior-anchor opportunity of approximately 18,670 square feet. Many tenants are in place at below-market rent, with an average monthly rental rate of $1.56 PSF NNN across the property. The weighted average lease term remaining is 16 months, with opportunities to re-lease expired and upcoming expirations.
    Location Intelligence

    Current Use by Public Records

    Strip malls

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

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

    Similar Places Nearby

    Cheyenne Plaza, Red Feather Plaza, Tonopah Plaza

    Location Insight

    • Map
    • Local Demand
    City
    Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.211419
    Latitude
    36.215715

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    FAQs

    What type of property is this?
    Shopping center - Value-add shopping center with junior-anchor opportunity in north Las Vegas.
    Where is this shopping center located?
    The property is located at 3103-3149 N Rancho Dr Las Vegas, NV.
    What is the asking price?
    The asking price for this property is $4,550,000.
    What are key features of this property?
    This property features: - High traffic location with over 52,500 CPD along W. Cheyenne Ave. positioned along Hwy. 95.; - Value-add property with 70% vacancy, including a **± 18,670 SF junior-anchor opportunity**.; - Below-market rent with an average $1.56 PSF NNN monthly rental rate across the property.
    (775) 225-0826
    Request Owner's contact information
    3103-3149 N Rancho Dr Las Vegas, NV 89106
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    Realmo Value Estimation

    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.

    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.

    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
    3103-3149 N Rancho Dr Las Vegas, NV 89106
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