Fully Leased Retail
1725 E Warm Springs Road, Las Vegas, NV 89119
For Sale
Contact for pricing
Its tenant mix spans inline suites and outparcel ground leases, with no lease expiration before August 2029.
Property Size19,536 SF
Price / SF$458.13
Days on Market40
Property Features for 1725 E Warm Springs Road
General Information
Standard status
Size
Property subtype
Occupancy
Site & Location
Traffic Count
Highway Access
Road Access
Additional Details
Tenant in Place
Building Details
Tenancy
Listing Agency:
Sansone Investments
Listed By:
Devon Sansone · License NV #0144024
Source:
Crexi
Added: Oct 1
Changed: Nov 8
Last Checked: Nov 8 at 2:26PM
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 Sansone Investments
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 19,536-square-foot neighborhood shopping center is fully occupied by 11 tenants. The property comprises 9 inline suites and 2 outparcel ground leases, with no lease scheduled to expire before August 2029.
The center fronts a signalized arterial carrying 40,000 vehicles per day and sits adjacent to I-215 and I-15.
The center fronts a signalized arterial carrying 40,000 vehicles per day and sits adjacent to I-215 and I-15.
Key Highlights
- 19,536‑square‑foot neighborhood retail center
- 100% leased to 11 tenants
- 9 inline suites and 2 outparcel ground leases
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$441,033
Cap Rate
4.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,820,660
$8.8M
Cap Rate 7%
$6,300,471
$6.3M
Cap Rate 9%
$4,900,367
$4.9M
Market Conditions
NOI Build-Up for 19,536 SF
Gross rent
$668.1K $34.20/SF
− Vacancy
−$38.1K −$1.95/SF
EGI
$630.0K $32.25/SF
− OpEx
−$189.0K −$9.68/SF
NOI
$441.0K $22.58/SF
Area
Las Vegas, NV
Vacancy
5.70%
Lease Rate
$34.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,820,660
Cap Rate 7%
$6,300,471
Cap Rate 9%
$4,900,367
Alternative Uses
Best Use
Retail
$6.30M
$5.51M – $7.35M
NOI $441,033 @ 7.0% cap · market cap 4.93%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$6.75M
$5.91M – $7.88M
NOI $472,536 @ 7.0% cap · market cap 5.28%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
40,000 VPD
Traffic count
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
786
Businesses Nearby
3k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 56%
Dining 44%
Valvoline Instant Oil Change
Shops & Services
1,746 visits/mo
0.5 miles
Ohana Hawaiian BBQ
Dining
1,395 visits/mo
0.5 miles
Demographics for 89119, NV
48,895
Population
24,756
Households
2
Avg Household Size
36
Median Age
20%
College-Educated
84%
High-School Grad
12.9 sq mi
ZIP Area
3,790
Density / Sq Mi
$46,472
Median Household Income
$32,590
Median Earnings
$1,184
Median Rent
$301,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Properties on Market for Shopping centers in Las Vegas
Vacancy Rate% for Retail in Las Vegas, NV
Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Shopping center - Its tenant mix spans inline suites and outparcel ground leases, with no lease expiration before August 2029.
Where is this shopping center located?
The property is located at 1725 E Warm Springs Road Las Vegas, NV.
What is the asking price?
The asking price for this property is $8,950,000.
What are key features of this property?
This property features: 19,536‑square‑foot neighborhood retail center; 100% leased to 11 tenants; 9 inline suites and 2 outparcel ground leases
