Two-Tenant Retail Pad
For Sale
Contact for pricing
675 Mall Ring Cir, Henderson, NV 89014
CC-zoned retail property with direct access to the Sunset Road and Stephanie Street intersection.
Property Size7,565 SF
Price / SF$594.84
Days on Market188
Property Features for 675 Mall Ring Cir
General Information
Standard status
Active
Size
7,565 SF
Property subtype
Retail
Zoning
CC
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$312,256
Building Details
Year Built
1997
Buildings
1
Stories
1
Units
2
Tenancy
Multi
Listing Agency:
CAST
Listed By:
Steve Neiger · License #NV B.0146583
(702) 592-7187
Source:
Crexi
Added: Apr 11
Changed: Oct 13
Last Checked: Oct 14 at 8:42PM
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 CAST
Investment Insights
Based on property information with market context.
Built in 1997, this 7,565-square-foot retail property at 675 Mall Ring Cir in Henderson, Nevada, is configured as a two-tenant pad building. The site carries CC zoning and provides immediate access to the intersection of Sunset Road and Stephanie Street.
The property is positioned within a major retail area near the Galleria at Sunset. Nearby development includes Cadence, a 2,200-acre master-planned community with more than 12,000 homes, and Union Village, a 170-acre health and wellness development. These surrounding projects contribute substantial residential and commercial activity to the area.
The property is positioned within a major retail area near the Galleria at Sunset. Nearby development includes Cadence, a 2,200-acre master-planned community with more than 12,000 homes, and Union Village, a 170-acre health and wellness development. These surrounding projects contribute substantial residential and commercial activity to the area.
Key Highlights
- 7,565‑square‑foot retail property built in 1997
- Two‑tenant pad building configuration
- CC zoning designation
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$173,137
Cap Rate
3.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,462,740
$3.5M
Cap Rate 7%
$2,473,386
$2.5M
Cap Rate 9%
$1,923,744
$1.9M
Market Conditions
NOI Build-Up for 7,565 SF
Gross rent
$258.7K $34.20/SF
− Vacancy
−$11.4K −$1.50/SF
EGI
$247.3K $32.70/SF
− OpEx
−$74.2K −$9.81/SF
NOI
$173.1K $22.89/SF
Area
ZIP 89014
Vacancy
4.40%
Lease Rate
$34.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,462,740
Cap Rate 7%
$2,473,386
Cap Rate 9%
$1,923,744
Alternative Uses
Best Use
Retail
$2.47M
$2.16M – $2.89M
NOI $173,137 @ 7.0% cap · market cap 3.85%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.65M
$2.32M – $3.09M
NOI $185,504 @ 7.0% cap · market cap 4.12%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,426
Businesses Nearby
733k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 54%
Shops & Services 29%
Dining 13%
Home Improvements & Furnishings 1%
DICK'S Sporting Goods
Apparel
73,728 visits/mo
0.4 miles
Macy's
Apparel
69,779 visits/mo
0.4 miles
Hobby Lobby
Shops & Services
63,073 visits/mo
0.1 miles
Kohl's
Apparel
53,103 visits/mo
0.2 miles
Ross Dress for Less
Apparel
50,842 visits/mo
0.1 miles
Demographics for 89014, NV
40,761
Population
18,062
Households
2.3
Avg Household Size
38
Median Age
29%
College-Educated
94%
High-School Grad
7.6 sq mi
ZIP Area
5,363
Density / Sq Mi
$73,130
Median Household Income
$46,101
Median Earnings
$1,629
Median Rent
$415,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
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Frequently Asked Questions
What type of property is this?
Retail space - CC-zoned retail property with direct access to the Sunset Road and Stephanie Street intersection.
Where is this retail space located?
The property is located at 675 Mall Ring Cir Henderson, NV.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: 7,565‑square‑foot retail property built in 1997; Two‑tenant pad building configuration; CC zoning designation
