Retail Space Near Medical
601 S Rancho Dr Las Vegas, NV 89106
601 S Rancho Dr, Las Vegas, NV, 89106
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For Sale
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Retail property positioned near the Medical District, with proximity to Symphony Park and Downtown Las Vegas.
Property Size3,804 SF
Price / SF$308.89
Days on Market128
Property Features for 601 S Rancho Dr
General Information
- Standard status
- Active
- Size
- 3,804 SF
- Property subtype
- RETAIL
Listing agency
Coldwell Banker Commercial | Premier Realty
(702) 505-6354
Listed by
John McClelland
(702) 505-6354
Source
Moodyscre
Added: Mar 17 Updated: Jul 22 at 12:23PM Checked: Jul 22 at 12:23PM
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 Coldwell Banker Commercial | Premier Realty
Investment Insights
Based on property information with market context.
This retail property offers a compact, street-facing setup well suited for a range of retail uses within a busy employment and visitor area.
The asset is located in Las Vegas’ Medical District and is close to Symphony Park and Downtown Las Vegas. Surrounding users include medical and professional businesses, along with nearby university properties, and it is described as a quick trip to City Hall, Clark County Government Center, and the courthouses.
With its location among a dense mix of medical, professional, and civic destinations, the property’s configuration provides an opportunity for retailers seeking steady day-to-day foot traffic in the core of the district.
The asset is located in Las Vegas’ Medical District and is close to Symphony Park and Downtown Las Vegas. Surrounding users include medical and professional businesses, along with nearby university properties, and it is described as a quick trip to City Hall, Clark County Government Center, and the courthouses.
With its location among a dense mix of medical, professional, and civic destinations, the property’s configuration provides an opportunity for retailers seeking steady day-to-day foot traffic in the core of the district.
Key Highlights
- Retail property located near the Medical District
- Close to Symphony Park
- Near Downtown Las Vegas
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 | $130.1k | $34.20 |
| − Vacancy | −$7.4k | −$1.95 |
| EGI | $122.7k | $32.25 |
| − OpEx | −$36.8k | −$9.68 |
| NOI | $85.9k | $22.58 |
3,804 SF · lease $34.20/SF/yr · vacancy 5.70% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.23M
$1.07M – $1.43M
NOI $85,877 @ 7.0% cap · market cap 7.31%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.31M
$1.15M – $1.53M
NOI $92,011 @ 7.0% cap · market cap 7.83%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Ruggeroli Edward P ...
Dental Office
The Dental Center of Nevada
Dental Office
Philip M Paleracio ...
Dental Office
Quail Park Dental
Dental Office
Midtown Psychiatry
Physician
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FAQs
What type of property is this?
Retail space - Retail property positioned near the Medical District, with proximity to Symphony Park and Downtown Las Vegas.
Where is this retail space located?
The property is located at 601 S Rancho Dr Las Vegas, NV.
What is the asking price?
The asking price for this property is $1,175,000.
What are key features of this property?
This property features: Retail property located near the Medical District; Close to Symphony Park; Near Downtown Las Vegas
