East Fremont Retail
For Sale
Contact for pricing
1930 E Fremont St, Las Vegas, NV 89101
Retail space in growing East Fremont corridor, redevelopment opportunity.
Property Size4,362 SF
Lot Size0.66 Acres
Price / SF$320.95
Days on Market849
Property Features for 1930 E Fremont St
General Information
Standard status
Active
Size
4,362 SF
Class
C
Lot size
0.66 Acres
Property subtype
Retail
Zoning
TC-4
Investment Type
Owner/User
Building Details
Year Built
1964
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
Gatski Commercial
Listed By:
Laramie Bracken · License #NV S.0065576
(702) 765-8888
Source:
Crexi
Added: May 7, 2024
Changed: Aug 25
Last Checked: Sep 1 at 2:46PM
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 Gatski Commercial
Investment Insights
Based on property information with market context.
This commercial property, built in 1964, offers 4,362 square feet of retail space on a 0.66-acre lot. Zoned T4 Corridor (T4-C), the property presents a redevelopment opportunity in the growing East Fremont corridor, close to Downtown. The former Odyssey Bar, currently vacant, comprises 2,800 square feet and is in Vanilla Shell condition. Additionally, there is a month-to-month tenant, Odyssey Pizza, occupying 1,562 square feet. The property features an oversized lot.
Key Highlights
- Redevelopment opportunity in the growing East Fremont corridor.
- Oversized 0.66‑acre lot close to Downtown.
- Former Odyssey Bar (2,800 sf) in Vanilla Shell condition.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$98,474
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.03%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,969,480
$2.0M
Cap Rate 7%
$1,406,771
$1.4M
Cap Rate 9%
$1,094,156
$1.1M
Market Conditions
NOI Build-Up for 4,362 SF
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.
Gross rent
$149.2K $34.20/SF
− Vacancy
−$8.5K −$1.95/SF
EGI
$140.7K $32.25/SF
− OpEx
−$42.2K −$9.68/SF
NOI
$98.5K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,969,480
Cap Rate 7%
$1,406,771
Cap Rate 9%
$1,094,156
Alternative Uses
Best Use
Retail
$1.41M
$1.23M – $1.64M
NOI $98,474 @ 7.0% cap · market cap 7.03%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.51M
$1.32M – $1.76M
NOI $105,508 @ 7.0% cap · market cap 7.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,536
Businesses Nearby
Explore this area
Business Placement
Demographics for 89101, NV
42,465
Population
18,258
Households
2.3
Avg Household Size
35
Median Age
11%
College-Educated
66%
High-School Grad
5.4 sq mi
ZIP Area
7,864
Density / Sq Mi
$38,653
Median Household Income
$29,471
Median Earnings
$1,008
Median Rent
$258,100
Median Home Value
Market
Vacancy Rate% for Retail in Las Vegas, NV
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Retail space in growing East Fremont corridor, redevelopment opportunity.
Where is this retail space located?
The property is located at 1930 E Fremont St Las Vegas, NV.
What is the asking price?
The asking price for this property is $1,399,999.
What are key features of this property?
This property features: Redevelopment opportunity in the growing East Fremont corridor.; Oversized 0.66‑acre lot close to Downtown.; Former Odyssey Bar (2,800 sf) in Vanilla Shell condition.
