East Fremont Retail
For Sale
$1,450,000
1930 East Fremont Street, Las Vegas, NV 89101
Retail space in growing East Fremont corridor, redevelopment opportunity.
Property Size4,362 SF
Lot Size0.66 Acres
Price / SF$332.42
Days on Market209
Property Features for 1930 East Fremont Street
General Information
Standard status
Active
Size
4,362 SF
Lot size
0.66 Acres
Property subtype
Retail
Building Details
Building Size
4,362 SF
Buildings
1
Listing Agency:
Gatski Commercial
Listed By:
Laramie Bracken · License #NV #S.0065576
(702) 765-8888
Source:
Lpc
Added: Mar 26
Changed: Oct 12
Last Checked: Oct 19 at 5:24AM
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
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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 / Yr
$98,474
Cap Rate
6.79%
Suggested Prices Based on Cap Rates
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
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 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 6.79%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.51M
$1.32M – $1.76M
NOI $105,508 @ 7.0% cap · market cap 7.28%
Zoning and permitted uses should be independently verified with authorities.
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Las Vegas, NV
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 East Fremont Street Las Vegas, NV.
What is the asking price?
The asking price for this property is $1,450,000.
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.
