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    Prime Retail Center Near Strip Title is generated by Realmo AI

    2971 Sammy Davis Jr Dr, Las Vegas, NV

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    Retail center near Las Vegas Strip, offered 100% leased.

    Type:RETAIL
    Property size:
    20,077 SF
    Lot size:
    1.50 Acres
    Price / SF:
    $415/SF
    Added:
    Oct 28, 2025
    Days on Market:
    230
    Last Refresh:
    May 20 at 8:05 pm

    Property Features for 2971 Sammy Davis Jr Dr

    General Information

    Standard status
    Active
    Size
    20,077 SF
    Lot size
    1.50 Acres
    Property subtype
    RETAIL

    We can help!

    Listing Contact
    Deana Marcello
    Deana Marcello

    Listing agent Deana Marcello

    Listing office Colliers | Las Vegas

    Listing date Oct 28, 2025

    Source Moodyscre

    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

    HighLights

    • 100% leased with Seller Rent Guaranty
    • Prime retail center located just steps from the Las Vegas Strip
    • High‑visibility corner at Sammy Davis Jr. Drive & Resorts World Drive
    • Directly across from top Las Vegas landmarks
    • ±39,000 VPD at intersection, plus ±236,000 VPD along I‑15 Freeway
    • Strong daytime population of ±384,354 consumers within a 3‑mile radius

    Overview

    This retail center is positioned steps from the Las Vegas Strip. The property is offered at 100% leased with a Seller Rent Guaranty. It is located directly across from Las Vegas landmarks, offering high visibility at the corner of Sammy Davis Jr. Drive and Resorts World Drive. The location benefits from traffic counts of approximately 39,000 vehicles per day at the intersection, plus approximately 236,000 vehicles per day along the I-15 Freeway. The surrounding area has a daytime population of approximately 384,354 consumers within a 3-mile radius. The property size is 20,077 square feet.

    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 $686.6k $34.20
    − Vacancy −$39.1k −$1.95
    EGI $647.5k $32.25
    − OpEx −$194.2k −$9.68
    NOI $453.2k $22.58
    20,077 SF · lease $34.20/SF/yr · vacancy 5.70% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $6.47M
    $5.67M – $7.55M (±1% cap)
    NOI $453,247 @ 7.0% cap · market cap 5.43%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Specialty Retail
    $6.94M
    $6.07M – $8.09M (±1% cap)
    NOI $485,621 @ 7.0% cap · market cap 5.82%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Similar Places Nearby

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    • José trasmisiones — 1401 S Main St, Las Vegas, NV 89104
    • Cyrano-Digital Productions — 1800 s industrial rd, las vegas, nv 89102
    • Holsum Design Center — 307 W Charleston Blvd, Las Vegas, NV 89102
    • Sixth & Sahara Plaza — 600 e sahara ave, las vegas, nv 89104

    Map

    City
    Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.355
    Latitude
    35.8784

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    FAQs

    What type of property is this?
    Shopping center - Retail center near Las Vegas Strip, offered 100% leased.
    Where is this shopping center located?
    The property is located at 2971 Sammy Davis Jr Dr Las Vegas, NV.
    What is the asking price?
    The asking price for this property is $8,340,000.
    What are key features of this property?
    This property features: 100% leased with Seller Rent Guaranty; Prime retail center located just steps from the Las Vegas Strip; High‑visibility corner at Sammy Davis Jr. Drive & Resorts World Drive
    (702) 735-5700 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Deana Marcello
    Deana Marcello
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