Building Details

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Listing Agency: New Market Commercial Real Estate Advisors

Listed By: Makayla Hicks · License #S.0182727 Show Phone

Source: Crexi

Added: Nov 25, 2025 Changed: Oct 10 Last Checked: Oct 23 at 6:11AM

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Investment Insights

Based on property information with market context.

This retail property is a Vons shadow-anchored center situated in a prime southeast Las Vegas location. The property benefits from its proximity to the 215 beltway. The surrounding area is densely residential. Located at a signalized, high-traffic intersection, the center features a diverse tenant mix with a strong local presence. Ample surface parking is available, and the property offers excellent visibility. It is also located in close proximity to Henderson and Las Vegas International Airport. The property has a size of 5529 square feet.

Key Highlights

• Vons Shadow‑Anchored Center
• Signalized, High‑Traffic Intersection
• Prime Southeast Las Vegas Location

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$124,819

Cap Rate

5.43%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,496,380 $2.5M

Cap Rate 7%

$1,783,129 $1.8M

Cap Rate 9%

$1,386,878 $1.4M

Is this asking price fair?

Market Conditions

NOI Build-Up for 5,529 SF

Gross rent

$189.1K $34.20/SF

− Vacancy

−$10.8K −$1.95/SF

EGI

$178.3K $32.25/SF

− OpEx

−$53.5K −$9.68/SF

NOI

$124.8K $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%

$2,496,380

Cap Rate 7%

$1,783,129

Cap Rate 9%

$1,386,878

Alternative Uses

Best Use

Retail

$1.78M

$1.56M – $2.08M (±1% cap)

NOI $124,819 @ 7.0% cap · market cap 5.43%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$1.91M

$1.67M – $2.23M (±1% cap)

NOI $133,735 @ 7.0% cap · market cap 5.81%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Shopping centers

Suggested Use

Top Pick Building Supply Parking Lot & Garage Auto Parts Store Daycare Center Big Box & Wholesale Store Auto Repair Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,209

Businesses Nearby

148k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Dining 39% Groceries 32% Shops & Services 24% Electronics 2%

Smith's Groceries

47,887 visits/mo 0.2 miles

McDonald's Dining

33,727 visits/mo 0.2 miles

Smith's Fuel Center Shops & Services

16,733 visits/mo 0.1 miles

Jack in the Box Dining

16,592 visits/mo 0.1 miles

ARCO Shops & Services

6,510 visits/mo 0.2 miles

Demographics for 89123, NV

55,584

Population

25,246

Households

2.2

Avg Household Size

42

Median Age

32%

College-Educated

92%

High-School Grad

10.4 sq mi

ZIP Area

5,345

Density / Sq Mi

$80,992

Median Household Income

$46,838

Median Earnings

$1,641

Median Rent

$424,900

Median Home Value

Market

Vacancy Rate% for Retail in Las Vegas, NV

7.7% 2019

8.3% 2020

7.2% 2021

6.1% 2022

6% 2023

5.2% 2024

5.7% 2025

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Similar Off Market Nearby

• EASTERN CANYON PLAZA — 8525-8695 S Eastern Ave, Las Vegas, NV 89123
• Coinstar Kiosk | Bitcoin ATM — Kroger - Smith's Food & Drug C, 2385 E Windmill Lane, 2385 E Windmill Ln, Las Vegas, NV 89123
• Waxing -Vanessa — 2550 Windmill Pkwy, Henderson, NV 89074, United States

Frequently Asked Questions

What type of property is this?

Shopping center - Vons shadow-anchored retail center in southeast Las Vegas.

Where is this shopping center located?

The property is located at 2165 E Windmill Ln Las Vegas, NV.

What is the asking price?

The asking price for this property is $2,300,000.

What are key features of this property?

This property features: Vons Shadow‑Anchored Center; Signalized, High‑Traffic Intersection; Prime Southeast Las Vegas Location