Free-Standing Building with Ample
For Sale
Contact for pricing
3704 E Owens Ave, North Las Vegas, NV 89030
Free-standing commercial building, currently a bar, with ample parking.
Property Size2,400 SF
Lot Size0.50 Acres
Price / SF$332.92
Days on Market186
Property Features for 3704 E Owens Ave
General Information
Standard status
Active
Size
2,400 SF
Lot size
0.50 Acres
Property subtype
Retail
Occupancy
100%
Investment Type
Net Lease
Building Details
Year Built
1963
Buildings
1
Stories
1
Listing Agency:
First United Management Group
(702) 355-3977
Listed By:
Arik Raiter · License #NV B.0014298
Source:
Crexi
Added: Feb 6
Changed: Aug 8
Last Checked: Aug 8 at 3:28PM
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 First United Management Group
Investment Insights
Based on property information with market context.
This free-standing commercial building, currently operating as a bar, is situated on a 0.5-acre lot. The property offers ample parking space. The building has a size of 2400 square feet and is suitable for bars, pubs, restaurants, and other commercial real estate ventures.
Key Highlights
- Free‑standing building
- Situated on a 1/2 acre lot
- Ample parking available
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
$33,178
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
4.15%
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%
$663,560
$663.6K
Cap Rate 7%
$473,971
$474.0K
Cap Rate 9%
$368,644
$368.6K
Market Conditions
NOI Build-Up for 2,400 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
$46.1K $19.20/SF
− Vacancy
−$1.8K −$0.77/SF
EGI
$44.2K $18.43/SF
− OpEx
−$11.1K −$4.61/SF
NOI
$33.2K $13.82/SF
Area
North Las Vegas, NV
Vacancy
4.00%
Lease Rate
$19.20 /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%
$663,560
Cap Rate 7%
$473,971
Cap Rate 9%
$368,644
Alternative Uses
Best Use
Specialty Retail
$474.0K
$414.7K – $553.0K
NOI $33,178 @ 7.0% cap · market cap 4.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$649.5K
$568.3K – $757.7K
NOI $45,464 @ 7.0% cap · market cap 5.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,105
Businesses Nearby
224k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 36%
Dining 29%
Groceries 22%
Apparel 8%
El Super
Groceries
50,056 visits/mo
0.5 miles
McDonald's
Dining
32,932 visits/mo
0.4 miles
Five Below
Shops & Services
30,057 visits/mo
0.4 miles
Starbucks
Dining
22,855 visits/mo
0.5 miles
WSS
Apparel
14,905 visits/mo
0.5 miles
Demographics for 89030, NV
56,399
Population
16,632
Households
3.4
Avg Household Size
30
Median Age
5%
College-Educated
58%
High-School Grad
9.5 sq mi
ZIP Area
5,937
Density / Sq Mi
$46,204
Median Household Income
$31,787
Median Earnings
$1,139
Median Rent
$237,300
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Bar & Pub - Free-standing commercial building, currently a bar, with ample parking.
Where is this bar & pub located?
The property is located at 3704 E Owens Ave North Las Vegas, NV.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Free‑standing building; Situated on a 1/2 acre lot; Ample parking available
