Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Kohl’s-Anchored Shopping Center Space Title is generated by Realmo AI

    6650 N 5th St, North Las Vegas, NV 89084

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Pre-leasing anchor, junior anchor, and shop space in North Las Vegas.

    Type:Retail
    Property size:
    132,913 SF
    Added:
    Sep 15, 2021
    Days on Market:
    1725
    Last Refresh:
    May 12 at 9:33 pm

    Property Features for 6650 N 5th St

    General Information

    Standard status
    Active
    Size
    132,913 SF
    Property subtype
    Retail

    Spaces For Lease

    at 6650 N 5th St Contact us

    We can help!

    Listing Contact
    Lauren Tabeek, CCIM

    Listing agent Lauren Tabeek, CCIM License #74477

    Listing office Newmark - Las Vegas

    Listing date Sep 15, 2021

    Source Crexi

    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 Newmark - Las Vegas

    HighLights

    • Anchored by Kohl's in a high‑growth area: Benefit from established retailer traffic.
    • Significant pre‑leasing opportunity: Approximately 132,913 SF of new anchor, junior anchor, and shop space available.
    • Diverse tenant mix: Join established national and regional brands.
    • Ideal for various business types, including grocers, restaurants, and family entertainment.
    • Excellent location: Situated off the 215 Beltway, providing easy access and high visibility.
    • Surrounded by new housing and schools: Captures a built‑in customer base.

    Overview

    This Kohl’s-anchored shopping center is offering approximately 132,913 square feet of new anchor, junior anchor, and shop space for pre-leasing. The property is located in the Village at Tule Springs Community, near the 215 Beltway, and is surrounded by new housing developments and schools. Current tenants include Kohl’s, Panda Express, Raising Cane’s, Chipotle, Aspen Dental, Domino's Pizza, McDonald’s, Sean Patrick’s Pub, Express Wash, Subway, Discount Tire and 7-Eleven. The property is suitable for a grocer, home improvement store, daily services, banks, restaurants, and family entertainment.
    Property Profile Location Intelligence

    Current Use by Public Records

    SEPHORA at Kohl's Cosmetic Store Kohl's Department Store

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    North Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.13276
    Latitude
    36.281198

    Nearby Similar for Lease

    • $1.55 SF/Yr
      46,800 SF

      Versatile Commercial Space in North Las Vegas

      Sophisticated sublease opportunity suitable for offices or medical practices.
      5135 Camino Al Norte, North Las Vegas, NV 89031
      View Details
    • $1.25 SF/Yr
      13,980 SF

      Retail Center on Pecos Road

      Neighborhood retail center with high visibility and ample parking.
      3523 N. Pecos Rd. , North Las Vegas, NV 89030
      View Details
    • $0.66 SF/Yr
      81,103 SF

      Industrial Space in Golden Triangle

      Sublease opportunity with existing office space and multiple loading docks.
      4850 Statz Street, North Las Vegas, NV 89081
      View Details
    • $1.75 SF/Yr
      6,774 SF

      Strip Center with Mixed Retail Use

      For-rent strip center offering space suited for retail, restaurant, or daycare concepts within a shared shopping setting.
      345- 479 W. Craig Road, North Las Vegas, NV 89032
      View Details
    • $1.55 SF/Yr
      46,871 SF

      Camino Al Norte Executive Plaza

      Sophisticated commercial space suitable for offices or medical practices.
      5135 Camino Al Norte, North Las Vegas, NV 89031
      View Details
    • $1.75 SF/Yr
      13,718 SF

      Modern Office Space in Nevada

      Customizable office spaces in a prime North Las Vegas location.
      5105 Camino Al Norte, North Las Vegas, NV 89031
      View Details
    • $0.88 SF/Yr
      89,821 SF

      Nellis Industrial Park Distribution Space

      Mid-bay distribution industrial park with units from 3,600-14,400 SF.
      4500 & 4512 Andrews St, North Las Vegas, NV 89081
      View Details
    • $22,000 SF/Yr
      1,790 SF

      North Las Vegas Automotive Facility

      Automotive facility with office space and multiple service bays.
      3045 N. Lamb Blvd., North Las Vegas, NV 89115
      View Details
    • $1.25 SF/Yr
      13,980 SF

      Retail Center on Pecos Road

      Neighborhood retail center with high visibility and ample parking.
      3523 N. Pecos Rd. , North Las Vegas, NV 89030
      View Details
    • $2.00 SF/Yr
      81,054 SF

      High-Traffic Retail Center on Craig

      Neighborhood retail center on West Craig Road in North Las Vegas.
      655 West Craig Road, North Las Vegas, NV 89032
      View Details
    • $0.88 SF/Yr
      52,220 SF

      North Las Vegas Industrial Sublease

      52,220 SF industrial space available for sublease.
      4050 Corporate Center Dr, North Las Vegas, NV 89030
      View Details
    • $2 SF/Yr
      9,173 SF

      Medical Office in Retail Center

      Fully equipped medical office space in a high-traffic retail center.
      2202 W Craig Rd, North Las Vegas, NV 89032
      View Details

    FAQs

    What type of property is this?
    Shopping center - Pre-leasing anchor, junior anchor, and shop space in North Las Vegas.
    Where is this shopping center located?
    The property is located at 6650 N 5th St North Las Vegas, NV.
    What are key features of this property?
    This property features: Anchored by Kohl's in a high‑growth area: Benefit from established retailer traffic.; Significant pre‑leasing opportunity: Approximately 132,913 SF of new anchor, junior anchor, and shop space available.; Diverse tenant mix: Join established national and regional brands.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Lauren Tabeek, CCIM
    Real Estate License ID: 74477
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    6650 N 5th St, North Las Vegas, NV 89084
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!