Freestanding Pad with
For Sale
Contact for pricing
531 W Dale Ave, Henderson, NV
Freestanding pad with drive-thru entitlements available for rent.
Property Size5,500 SF
Lot Size3.42 Acres
Price / SF$354.55
Days on Market269
Property Features for 531 W Dale Ave
General Information
Standard status
Active
Size
5,500 SF
Lot size
3.42 Acres
Property subtype
RETAIL
Properties For Sale
at 531 W Dale Ave Contact us- Floor
- Bldg
- Size
- 5,500 SF
- Type
- RETAIL
- Availability
- AVAILABLE, Completion
- Sublease
- No
531 W Dale Ave
- ±3,025 SF freestanding pad w/drive-thru entitlements. Up to ±5,500 SF pad building...
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Listing Agency:
New Market Commercial Real Estate Advisors
(702) 221-2500
Listed By:
Bill Hicks · License #S.190082
Source:
Moodyscre
Added: Nov 28, 2025
Changed: Aug 8
Last Checked: Aug 24 at 10:03AM
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 New Market Commercial Real Estate Advisors
Investment Insights
Based on property information with market context.
This property features a freestanding pad with drive-thru entitlements, offering approximately 3,025 square feet. A pad building without drive-thru is also available, offering up to approximately 5,500 square feet as a build-to-suit option. The property is located in the West Henderson submarket, approximately 0.25 miles from the I-15/St. Rose Parkway Exchange. It is situated adjacent to The M Resort and Casino at a signalized intersection. Electric car charging stations are available on site. The property is suitable for drive-through restaurants, restaurants, and retail properties.
Key Highlights
- Freestanding pad with drive‑thru entitlements
- Located approximately .25 miles from the I‑15/St. Rose Pkwy Exchange
- BTS (Build‑to‑Suit) 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
$134,868
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
6.92%
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%
$2,697,360
$2.7M
Cap Rate 7%
$1,926,686
$1.9M
Cap Rate 9%
$1,498,533
$1.5M
Market Conditions
NOI Build-Up for 5,500 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
$188.1K $34.20/SF
− Vacancy
−$8.3K −$1.50/SF
EGI
$179.8K $32.70/SF
− OpEx
−$45.0K −$8.17/SF
NOI
$134.9K $24.52/SF
Area
Henderson, NV
Vacancy
4.40%
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%
$2,697,360
Cap Rate 7%
$1,926,686
Cap Rate 9%
$1,498,533
Alternative Uses
Best Use
Specialty Retail
$1.93M
$1.69M – $2.25M
NOI $134,868 @ 7.0% cap · market cap 6.92%
Second Best
Retail
$1.77M
$1.55M – $2.07M
NOI $124,165 @ 7.0% cap · market cap 6.37%
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
136
Businesses Nearby
32k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
ARCO
Shops & Services
17,439 visits/mo
0.5 miles
Shell
Shops & Services
14,553 visits/mo
0.0 miles
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Drive through restaurant - Freestanding pad with drive-thru entitlements available for rent.
Where is this drive through restaurant located?
The property is located at 531 W Dale Ave Henderson, NV.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Freestanding pad with drive‑thru entitlements; Located approximately .25 miles from the I‑15/St. Rose Pkwy Exchange; BTS (Build‑to‑Suit) Available
