C-2 Zoned Neighborhood Shopping
For Sale
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1250 S Nellis Boulevard, Las Vegas, NV 89110
Multi-building retail asset with established commercial occupancy and a broad tenant mix.
Property Size54,801 SF
Lot Size5.04 Acres
Price / SF$437.95
Days on Market187
Property Features for 1250 S Nellis Boulevard
General Information
Standard status
Active
Size
54,801 SF
Lot size
5.04 Acres
Property subtype
Retail
Zoning
C-2 - General Commercial
Net Operating Income
$1,933,844
Additional Details
Cap Rate
5.5%
Building Details
Year Built
1987
Buildings
2
Tenancy
Multi
Listing Agency:
ERA Brokers Consolidated
Listed By:
Mark Anthony Rua · License #NV 26655
(702) 595-6244
Source:
Crexi
Added: Apr 12
Changed: Oct 5
Last Checked: Oct 14 at 10:01PM
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 ERA Brokers Consolidated
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Investment Insights
Based on property information with market context.
This retail center comprises two buildings totaling 54,801 square feet on approximately 5.04 acres. The primary building at 1250 S Nellis was constructed in 1987 and contains 52,281 square feet, while the 2,520-square-foot building at 1292 S Nellis was built in 1989. The property is located in unincorporated Clark County within Sunrise Manor and carries C-2 General Commercial zoning.
The center includes a varied roster of retail, restaurant, financial-services, and entertainment users, including Dollar Tree, Frijoles Restaurant, Nevada One Credit Union, and Bourbon Street Sports Bar. The property also generates sign income and is offered with a reported 5.5% cap rate.
The center includes a varied roster of retail, restaurant, financial-services, and entertainment users, including Dollar Tree, Frijoles Restaurant, Nevada One Credit Union, and Bourbon Street Sports Bar. The property also generates sign income and is offered with a reported 5.5% cap rate.
Key Highlights
- 54,801 SF across two retail buildings
- 5.04 +/- 5.5% acres in unincorporated Clark County
- C‑2 General Commercial zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$779,221
Cap Rate
3.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$15,584,420
$15.6M
Cap Rate 7%
$11,131,729
$11.1M
Cap Rate 9%
$8,658,011
$8.7M
Market Conditions
NOI Build-Up for 54,801 SF
Gross rent
$1.22M $22.20/SF
− Vacancy
−$103.4K −$1.89/SF
EGI
$1.11M $20.31/SF
− OpEx
−$334.0K −$6.09/SF
NOI
$779.2K $14.22/SF
Area
ZIP 89110
Vacancy
8.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$15,584,420
Cap Rate 7%
$11,131,729
Cap Rate 9%
$8,658,011
Alternative Uses
Best Use
Retail
$11.13M
$9.74M – $12.99M
NOI $779,221 @ 7.0% cap · market cap 3.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$18.02M
$15.77M – $21.03M
NOI $1,261,563 @ 7.0% cap · market cap 5.26%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
575
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
Demographics for 89110, NV
73,954
Population
23,701
Households
3.1
Avg Household Size
32
Median Age
10%
College-Educated
68%
High-School Grad
9.6 sq mi
ZIP Area
7,704
Density / Sq Mi
$54,858
Median Household Income
$34,509
Median Earnings
$1,292
Median Rent
$304,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Las Vegas, NV
Similar Off Market Nearby
- Nellis Crossing — 1240 S Nellis Blvd, Las Vegas, NV 89104
- Nevada DMV Now Kiosk — 5881 E Charleston Blvd, Las Vegas, NV 89142
- The Hamlet Center — 4777 E Charleston Blvd, Las Vegas, NV 89104
- Charleston Commons Shopping Center — 15 N Nellis Blvd, Las Vegas, NV 89110
- Orchards Marketplace — Sloan Ln &, E Charleston Blvd, Las Vegas, NV 89142
Frequently Asked Questions
What type of property is this?
Shopping center - Multi-building retail asset with established commercial occupancy and a broad tenant mix.
Where is this shopping center located?
The property is located at 1250 S Nellis Boulevard Las Vegas, NV.
What is the asking price?
The asking price for this property is $24,000,000.
What are key features of this property?
This property features: 54,801 SF across two retail buildings; 5.04 +/- 5.5% acres in unincorporated Clark County; C‑2 General Commercial zoning
