Las Vegas Nightclub
For Sale
Contact for pricing
3015 E Fremont St, Las Vegas, NV 89104
8,479 SF commercial building operating as a nightclub for sale.
Property Size8,479 SF
Lot Size2.02 Acres
Price / SF$400.99
Days on Market164
Property Features for 3015 E Fremont St
General Information
Standard status
Active
Size
8,479 SF
Lot size
2.02 Acres
Property subtype
Retail
Zoning
CR
Building Details
Year Built
1962
Stories
2
Listing Agency:
ERA Brokers Consolidated
(702) 595-6244
Listed By:
Mark Anthony Rua · License #NV 26655
Source:
Crexi
Added: Mar 13
Changed: Aug 8
Last Checked: Aug 21 at 7:32AM
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 ERA Brokers Consolidated
Investment Insights
Based on property information with market context.
This commercial building, totaling 8,479 square feet, is currently operating as a nightclub. Constructed in 1962, the property is zoned CR-Commercial Resort and has a Planned Land Use designation of Entertainment Mixed Use. It falls under the jurisdiction of Unincorporated Clark County-Sunrise Manor. The property features a large parking lot and a fenced perimeter. The estimated lot size is 2.02 acres.
Key Highlights
- 8,479 sq ft commercial building currently operating as a nightclub.
- Zoned CR‑Commercial Resort/ Planned Land Use‑Entertainment Mixed Use.
- Huge parking lot.
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
$205,090
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
6.03%
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%
$4,101,800
$4.1M
Cap Rate 7%
$2,929,857
$2.9M
Cap Rate 9%
$2,278,778
$2.3M
Market Conditions
NOI Build-Up for 8,479 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
$290.0K $34.20/SF
− Vacancy
−$16.5K −$1.95/SF
EGI
$273.5K $32.25/SF
− OpEx
−$68.4K −$8.06/SF
NOI
$205.1K $24.19/SF
Area
Las Vegas, NV
Vacancy
5.70%
Lease Rate
$34.20 /SF/Yr
Expense Ratio
25.00%
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%
$4,101,800
Cap Rate 7%
$2,929,857
Cap Rate 9%
$2,278,778
Alternative Uses
Best Use
Specialty Retail
$2.93M
$2.56M – $3.42M
NOI $205,090 @ 7.0% cap · market cap 6.03%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,287
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 89104, NV
41,662
Population
16,704
Households
2.5
Avg Household Size
38
Median Age
15%
College-Educated
72%
High-School Grad
5.7 sq mi
ZIP Area
7,309
Density / Sq Mi
$50,945
Median Household Income
$34,278
Median Earnings
$1,138
Median Rent
$298,700
Median Home Value
Questions? Ask Rey
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Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Night club - 8,479 SF commercial building operating as a nightclub for sale.
Where is this night club located?
The property is located at 3015 E Fremont St Las Vegas, NV.
What is the asking price?
The asking price for this property is $3,400,000.
What are key features of this property?
This property features: 8,479 sq ft commercial building currently operating as a nightclub.; Zoned CR‑Commercial Resort/ Planned Land Use‑Entertainment Mixed Use.; Huge parking lot.
