Restaurant Property with Two
1330 W Owens Ave Las Vegas, NV 89106
For Sale
Contact for pricing
Two existing restaurant buildings on two parcels with a commercial-grade kitchen, grease trap, and recently updated HVAC and wiring.
Property Size9,852 SF
Lot Size1.62 Acres
Price / SF$263.91
Days on Market364
Property Features for 1330 W Owens Ave
General Information
Standard status
Active
Size
9,852 SF
Lot size
1.62 Acres
Property subtype
LAND
Listing Agency:
Logic Commercial Real Estate | Las Vegas
(702) 235-6418
Listed By:
Jason Otter · License #BS.0145955.LLC
(702) 235-6418
Source:
Moodyscre
Added: Jul 31, 2025
Changed: Jul 28
Last Checked: Jul 28 at 2:05PM
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 Logic Commercial Real Estate | Las Vegas
Investment Insights
Based on property information with market context.
Two existing buildings totaling approximately 9,852 SF are offered together on approximately 1.62 acres across two separate parcels. Improvements include a commercial-grade kitchen with fixtures and a grease trap, along with new HVAC and wiring.
The property is located in the “Historic Westside” area of Las Vegas on a hard corner and is adjacent to a newly developed Terrible Herbst Chevron. The site was recently re-zoned to C-1, and setbacks were reduced from 20' to 14', which may simplify redevelopment and site planning. Owner-users may qualify for SBA financing or seller financing; call broker for individual asset pricing.
The property is located in the “Historic Westside” area of Las Vegas on a hard corner and is adjacent to a newly developed Terrible Herbst Chevron. The site was recently re-zoned to C-1, and setbacks were reduced from 20' to 14', which may simplify redevelopment and site planning. Owner-users may qualify for SBA financing or seller financing; call broker for individual asset pricing.
Key Highlights
- Two existing buildings totaling +/- 9,852 SF on +/- 1.62 AC across 2 separate parcels
- Commercial‑grade restaurant kitchen with fixtures and a grease trap
- New HVAC and wiring upgrades
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 | $336.9k | $34.20 |
| − Vacancy | −$19.2k | −$1.95 |
| EGI | $317.7k | $32.25 |
| − OpEx | −$79.4k | −$8.06 |
| NOI | $238.3k | $24.19 |
9,852 SF · lease $34.20/SF/yr · vacancy 5.70% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$3.40M
$2.98M – $3.97M
NOI $238,300 @ 7.0% cap · market cap 9.17%
Second Best
Industrial
$836.1K
$731.6K – $975.4K
NOI $58,526 @ 7.0% cap · market cap 2.25%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Commercial kitchen - Two existing restaurant buildings on two parcels with a commercial-grade kitchen, grease trap, and recently updated HVAC and wiring.
Where is this commercial kitchen located?
The property is located at 1330 W Owens Ave Las Vegas, NV.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: Two existing buildings totaling +/- 9,852 SF on +/- 1.62 AC across 2 separate parcels; Commercial‑grade restaurant kitchen with fixtures and a grease trap; New HVAC and wiring upgrades
