Neighborhood Shopping
1820 E Lake Mead Blvd, North Las Vegas, NV 89030
For Sale
Contact for pricing
Two-building retail center with full occupancy, multiple access points, and a prominent pylon sign.
Property Size28,129 SF
Price / SF$341.28
Days on Market102
Property Features for 1820 E Lake Mead Blvd
General Information
Standard status
Size
Property subtype
Zoning
Occupancy
Lease Type
Investment Type
Net Operating Income
Building Details
Year Built
Buildings
Tenancy
Listing Agency:
Cambridge Group
Listed By:
Jordan Hanley · License #BS.014889
(702) 335-7719
Source:
Crexi
Added: Jul 29
Changed: Nov 5
Last Checked: Nov 6 at 7:00AM
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 Cambridge Group
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Investment Insights
Based on property information with market context.
The Square is a 28,129-square-foot shopping center comprising two buildings and three ingress and egress points. Constructed in 1979, the property is 100% leased and accommodates a mix of retail and professional-service tenants, including Pearl Vision and Cricket Wireless. A large pylon sign serves the corner exposure and is positioned to face the intersection of Lake Mead Boulevard and McDaniel Street.
The center occupies the corner of Lake Mead Boulevard and McDaniel Street in North Las Vegas, with access from the nearby I-15 and Lake Mead Boulevard interchange. The location records more than 34,000 vehicles per day, while the R-A-DC zoning designation identifies the property within the Redevelopment Area Downtown Core.
The center occupies the corner of Lake Mead Boulevard and McDaniel Street in North Las Vegas, with access from the nearby I-15 and Lake Mead Boulevard interchange. The location records more than 34,000 vehicles per day, while the R-A-DC zoning designation identifies the property within the Redevelopment Area Downtown Core.
Key Highlights
- 28,129 SF shopping center in two buildings
- 100% leased; built in 1979
- Three ingress and egress points
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$338,831
Cap Rate
3.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,776,620
$6.8M
Cap Rate 7%
$4,840,443
$4.8M
Cap Rate 9%
$3,764,789
$3.8M
Market Conditions
NOI Build-Up for 28,129 SF
Gross rent
$506.3K $18.00/SF
− Vacancy
−$22.3K −$0.79/SF
EGI
$484.0K $17.21/SF
− OpEx
−$145.2K −$5.16/SF
NOI
$338.8K $12.05/SF
Area
North Las Vegas, NV
Vacancy
4.40%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,776,620
Cap Rate 7%
$4,840,443
Cap Rate 9%
$3,764,789
Alternative Uses
Best Use
Retail
$4.84M
$4.24M – $5.65M
NOI $338,831 @ 7.0% cap · market cap 3.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.61M
$6.66M – $8.88M
NOI $532,853 @ 7.0% cap · market cap 5.55%
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
Location Intelligence
Trade Area within ½ mile
1,285
Businesses Nearby
650k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 32%
Groceries 26%
Shops & Services 22%
Apparel 12%
La Bonita Supermarkets
Groceries
59,682 visits/mo
0.2 miles
Smith's
Groceries
59,285 visits/mo
0.5 miles
El Super
Groceries
50,056 visits/mo
0.1 miles
Ross Dress for Less
Apparel
45,567 visits/mo
0.1 miles
Five Below
Shops & Services
30,057 visits/mo
0.2 miles
Demographics for 89030, NV
56,399
Population
16,632
Households
3.4
Avg Household Size
30
Median Age
5%
College-Educated
58%
High-School Grad
9.5 sq mi
ZIP Area
5,937
Density / Sq Mi
$46,204
Median Household Income
$31,787
Median Earnings
$1,139
Median Rent
$237,300
Median Home Value
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Market
Properties on Market for Shopping centers in Clark County
Vacancy Rate% for Retail in West region
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Frequently Asked Questions
What type of property is this?
Shopping center - Two-building retail center with full occupancy, multiple access points, and a prominent pylon sign.
Where is this shopping center located?
The property is located at 1820 E Lake Mead Blvd North Las Vegas, NV.
What is the asking price?
The asking price for this property is $9,600,000.
What are key features of this property?
This property features: 28,129 SF shopping center in two buildings; 100% leased; built in 1979; Three ingress and egress points
