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    3941 Rancho Dr Las Vegas, NV 89130

    For Sale
    $5,500,000

    5.28 Acres, C2 Zoning, Las Vegas

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional 5.28-acre commercial land parcel, located at 3941 N Rancho Dr, Las Vegas, NV 89130 (APN: 138-11-502-003/138-12-110-049), presents a significant investment opportunity. Zoned C2 General Commercial, it allows for a wide range of uses including retail, service, auto, wholesale, office, and mixed-use developments. The property boasts a fenced perimeter and readily available utilities. Comprehensive due diligence has already been completed, with both an Alta survey and soils report available for review. Situated in an established business area with improved roads and streetlights, this location offers excellent visibility and accessibility. A unique incentive is offered: a one-year escrow period for a home builder to facilitate rezoning and obtain Tentative Map approval. While currently located within FEMA Flood Zone A, the City of Las Vegas is actively developing a box culvert project to remove the property from this designation. This prime commercial land is priced at $5,500,000 and represents a compelling opportunity for development in a thriving Las Vegas location.

    Property Features for 3941 Rancho Dr

    General Information

    Property type
    Land
    Lot Size
    229,997 SF

    HighLights

    • $5,500,000 asking price for 5.28 acres of C2 zoned commercial land.
    • Fenced parcel with all utilities available.
    • Alta survey and soils reports complete.
    • One‑year escrow offered to home builders for rezoning and Tentative Map approval.
    • Located in FEMA Flood Zone A; City of Las Vegas to install a box culvert to remove flood risk.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.2232284
    Latitude
    36.2291932

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    FAQs

    What type of property is this?
    Land - 5.28 Acres, C2 Zoning, Las Vegas
    Where is this land located?
    The property is located at 3941 Rancho Dr Las Vegas, NV.
    What is the asking price?
    The asking price for this property is $5,500,000.
    What are key features of this property?
    This property features: $5,500,000 asking price for 5.28 acres of C2 zoned commercial land.; Fenced parcel with all utilities available.; Alta survey and soils reports complete.
    Request Owner's contact information
    3941 Rancho Dr Las Vegas, NV 89130
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    Las Vegas, NV 89130
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    Realmo Value Estimation

    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.

    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.

    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
    3941 Rancho Dr Las Vegas, NV 89130
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