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    1701 South Las Vegas Boulevard Las Vegas, NV 89104

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    For Lease
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    Newly planned development in the Downtown Las Vegas Arts District.

    Type:Retail
    Property size:
    32,435 SF
    Added:
    Jan 26, 2026
    Days on Market:
    68
    Last Refresh:
    Apr 1 at 8:34 pm

    Property Features for 1701 South Las Vegas Boulevard

    General Information

    Standard status
    Active
    Size
    32,435 SF
    Property subtype
    Retail

    Spaces For Lease

    at 1701 South Las Vegas Boulevard Contact us

    We can help!

    Listing Contact
    Buck Hujabre

    Listing agent Buck Hujabre License #NV #BS.1002453

    Listing office

    Listing date Jan 26, 2026

    Source Corfac

    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 Buck Hujabre

    Overview

    Downtown Las Vegas Arts District Space

    This newly planned ground-up development, available for lease, is situated in the Downtown Las Vegas Arts District. The property will span approximately 32,435 square feet and can be subdivided to a minimum of 1,463 square feet. Located at the intersection of Las Vegas Boulevard and Oakey, the property is in the heart of the vibrant Downtown Arts District near the entrance to the Neon Gateway, and minutes from the historic Fremont Street Experience, with immediate accessibility to the resort corridor. It is also within walking distance of First Friday and other monthly downtown events. The North and South end units will feature partially covered rooftop patios for year-round use. The property benefits from its location in the Arts District and its proximity to the newly announced City of Las Vegas public parking structure. This city project will include retail stores on the ground level with 5 floors of public parking above, providing ample parking for customers. The landlord will provide an elevator, grease interceptor, fire sprinkler system, and an eye-catching beer silo. Generous landlord tenant improvement allowance is available. This brand new construction is intended for restaurant and retail use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    7-Eleven Grocery & Convenience Store

    Suggested Use

    Real Estate Agency Spa & Massage Center Restaurant Hair Salon Dental Office Nail Salon Law Firm Building Supply Daycare Center Gym & Fitness Center

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

    Similar Places Nearby

    • Brother Kitchen Catering — 2217 Paradise Rd, Las Vegas, NV 89104
    • BarFly Bites — 100 S Maryland Pkwy, Las Vegas, NV 89101
    • Let's Hibachi — 331 W Cincinnati Ave, Las Vegas, NV 89102
    • Blaque Tacos — 420 E Sahara Ave, Las Vegas, NV 89104
    • Great Legs & Smokin Thigs — 1400 S 3rd St, Las Vegas, NV 89104

    Location Insight

    • Map
    • Local Demand
    City
    Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.152
    Latitude
    36.1509

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    FAQs

    What type of property is this?
    Restaurant - Newly planned development in the Downtown Las Vegas Arts District.
    Where is this restaurant located?
    The property is located at 1701 South Las Vegas Boulevard Las Vegas, NV.
    What are key features of this property?
    This property features: Prime location in the booming Downtown Las Vegas Arts District, near the Neon Gateway and Fremont Street Experience.; Brand new construction of a Brewery Campus and Food Hall with spaces subdividable from 1,463 sq ft to 32,435 sq ft.; Walking distance to a newly announced City of Las Vegas public parking structure with retail stores on the ground level.
    (702) 388-1800
    We can help!
    Listing Contact
    Buck Hujabre
    Real Estate License ID: NV #BS.1002453
    Learn More
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
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