Vegas Valley Plaza Retail
2835 S Nellis Blvd Las Vegas, NV 89121
49,139 SF shadow-anchored retail center in Sunrise Manor, Las Vegas.
Type:Retail
Property size:
49,139 SFPrice / SF:
$242/SF- Added:
- Mar 13, 2026
- Days on Market:
- 120
- Last Refresh:
- Jul 5 at 3:14 pm
Property Features for 2835 S Nellis Blvd
General Information
- Standard status
- Active
- Size
- 49,139 SF
- Property subtype
- Retail
Listing office Colliers - Las Vegas, Nevada (702) 873-4500
Listing date Mar 13, 2026
Source Crexi
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 Colliers - Las Vegas, Nevada
Investment Insights
Based on property information with market context.
The Vegas Valley Plaza is a 49,139 square foot retail center anchored by Albertson’s, CVS, and El Pollo Loco, with R Burgers as a shadow anchor. It is located in the established Sunrise Manor neighborhood of Clark County, Las Vegas, Nevada. The property is situated at the northwest corner of S. Nellis Boulevard and Vegas Valley Drive, approximately one and one-half miles east of the I-95 Freeway and one and one-half miles north of Boulder Highway. The plaza benefits from its location at a signalized intersection along Nellis Boulevard, surrounded by national retailers such as Smith’s Food & Drug, Walgreens, Auto Zone, Bank of America, Planet Fitness, DD’s Discounts, Dollar General, 7-Eleven, Arco-Rebel, McDonald’s Chevron, Popeye’s, Dutch Bros., Burger King, Starbucks, Taco Bell, Jack in the Box, Carl’s Jr., and the United States Post Office.
Key Highlights
- Shadow‑anchored by Albertson’s, CVS, and El Pollo Loco, providing consistent customer traffic.
- Located in a well‑established, mature neighborhood in Sunrise Manor, Las Vegas.
- Strategically positioned at a signalized intersection on the northwest corner of S. Nellis Boulevard and Vegas Valley Drive.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $1.03M | $21.00 |
| − Vacancy | −$87.7k | −$1.79 |
| EGI | $944.2k | $19.22 |
| − OpEx | −$283.3k | −$5.76 |
| NOI | $660.9k | $13.45 |
49,139 SF · lease $21.00/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$9.44M
$8.26M – $11.02M
NOI $660,944 @ 7.0% cap · market cap 5.54%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$12.75M
$11.16M – $14.88M
NOI $892,635 @ 7.0% cap · market cap 7.49%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
DMV Now Kiosk
Department Of Motor Vehicles
Redbox
Cinema
Amazon Locker - Namaste
Postal Service
Nevada DMV Now ...
Department Of Motor Vehicles
Coinstar Kiosk - Bitcoin ...
Kiosk
Similar For Sale Nearby
Similar Off Market Nearby
- Winterwood Pavilion — 2226 S Nellis Blvd, Las Vegas, NV 89142
- Coinstar Kiosk | Bitcoin ATM — Kroger - Smith's Food & Drug C, 4965 E Sahara Ave, Las Vegas, NV 89104
- Nevada DMV Now Kiosk — 2835 S Nellis Blvd, Las Vegas, NV 89121
- Coinstar Kiosk - Bitcoin ATM — 2835 S Nellis Blvd Albertsons, Las Vegas, NV 89121
FAQs
What type of property is this?
Shopping center - 49,139 SF shadow-anchored retail center in Sunrise Manor, Las Vegas.
Where is this shopping center located?
The property is located at 2835 S Nellis Blvd Las Vegas, NV.
What is the asking price?
The asking price for this property is $11,923,000.
What are key features of this property?
This property features: Shadow‑anchored by Albertson’s, CVS, and El Pollo Loco, providing consistent customer traffic.; Located in a well‑established, mature neighborhood in Sunrise Manor, Las Vegas.; Strategically positioned at a signalized intersection on the northwest corner of S. Nellis Boulevard and Vegas Valley Drive.
