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    Mixed-Use Property in Centennial Springs Title is generated by Realmo AI

    7541 Tule Springs Rd, Las Vegas, NV 89143

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    Mixed-use property with dining, retail, office, and residential components.

    Type:Office, Retail
    Property size:
    5,708 SF
    Lot size:
    5.79 Acres
    Price / SF:
    $681/SF
    Added:
    Oct 16, 2025
    Days on Market:
    209
    Last Refresh:
    Mar 16 at 1:29 pm

    Property Features for 7541 Tule Springs Rd

    General Information

    Standard status
    Active
    Size
    5,708 SF
    Lot size
    5.79 Acres
    Property subtype
    Office, Retail

    Building Details

    Year Built
    2007

    We can help!

    Listing Contact
    Steve Neiger
    Steve Neiger

    Listing agent Steve Neiger License #NV B.0146583

    Listing office CAST

    Listing date Oct 16, 2025

    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 CAST

    HighLights

    • Meticulously maintained mixed‑use property with dining, retail, office, and residential components.
    • Located off US‑95 and Durango interchange with high traffic counts (exceeding 110,000 CPD).
    • Surrounded by an affluent and growing residential base, including the 2,000‑acre Sunstone master‑planned community.
    • New 143‑unit multifamily complex adjacent to the property is 95% leased.
    • Includes Pop Squires Park, donated to the City of Las Vegas and zoned Recreational.
    • Features a new 5,200 sqft Eggworks breakfast restaurant.

    Overview

    The Village of Centennial Springs is a mixed-use property located at 7541 Tule Springs Rd, featuring dining, boutique retail, office, and residential components. The property includes 45,134 rentable square feet situated on 5.79 acres of land. It is located just off the US-95 and Durango interchange with traffic counts exceeding 110,000 CPD. The property is surrounded by a growing residential base, including the 2,000-acre Sunstone master-planned community. Over the past five years, Eggworks built a new 5,200 sqft breakfast restaurant. Fore Development created a new 143-unit brownstone multifamily complex on 5.62 acres adjacent to the Village, which was completed in September 2022 and is 95 percent leased. Pop Squires Park at The Village was donated to the City of Las Vegas and is now zoned Recreational.
    Location Intelligence

    Current Use by Public Records

    My Left Foot ... Physician Mekkabit Co. Solar Energy Company Precision Chiropractic Care Alternative Medicine Practice Big Apple Cleaners (Bike/Boat/Book/etc) Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.279337
    Latitude
    36.304539

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property with dining, retail, office, and residential components.
    Where is this mixed-use property located?
    The property is located at 7541 Tule Springs Rd Las Vegas, NV.
    What is the asking price?
    The asking price for this property is $3,887,405.
    What are key features of this property?
    This property features: Meticulously maintained mixed‑use property with dining, retail, office, and residential components.; Located off US‑95 and Durango interchange with high traffic counts (exceeding 110,000 CPD).; Surrounded by an affluent and growing residential base, including the 2,000‑acre Sunstone master‑planned community.
    (702) 592-7187 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Steve Neiger
    Steve Neiger
    Real Estate License ID: NV B.0146583
    Learn More
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    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.

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    7541 Tule Springs Rd, Las Vegas, NV 89143
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