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    5Th St North Las Vegas, NV 89084

    Sponsored
    For Lease
    $39 SF/Yr

    New 7,200 SF Retail/Office Space

    Lot size:
    7,200 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 7,200 square foot retail and office center, built in 2023, presents a unique investment opportunity in North Las Vegas, Nevada. Located at the Northwest corner of Deer Springs Way and North 5th Street, this Class B property boasts four suites, each offering flexibility for various businesses. Currently, 6,000 square feet are available, with a minimum divisible space of 1,200 square feet and a maximum contiguous space of 7,200 square feet. The property sits on a generous 2.38-acre lot and is zoned C-2, allowing for a wide range of commercial uses. The single-story building features a drive-thru option, ideal for restaurants or other businesses requiring convenient customer access. Its strategic location offers easy access to the 215 Beltway and is adjacent to The Village at Tule Springs, a master-planned community of approximately 8,600 homes, ensuring high visibility and potential customer traffic. The landlord is open to considering ground lease or build-to-suit/rent-to-suit options, providing flexibility for potential tenants. The property's APN is 12422613007/009 in Clark County. This is a prime opportunity to establish a presence in a rapidly growing area.

    Property Features for 0 5Th St

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    7,200 SF
    Class
    B
    Total Rate
    23400

    Building Details

    Year Built
    2023
    Buildings
    4
    Stories
    1

    Unit(s) available at that property

    Space
    Retail D
    Size
    6,000 SF
    Rate per SF
    $45
    Space
    Retail B
    Size
    4,200 SF
    Rate per SF
    $45

    HighLights

    • Excellent access to SR‑215 and N. 5th Street on/off ramps.
    • Located within the master‑planned community of The Village at Tule Springs.
    • Adjacent to new construction including Terrible Herbst, Sherwin‑Williams, U‑Haul, and Denny's.
    • Across from Target, Kohl's, Home Depot, In‑N‑Out Burger, Panda Express, and McDonald's.
    • Future tenants include Cafe Rio and Meineke.
    • C‑2 zoning in North Las Vegas.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    North Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.13486
    Latitude
    36.2837299

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    FAQs

    What type of property is this?
    Restaurant - New 7,200 SF Retail/Office Space
    Where is this restaurant located?
    The property is located at 5Th St North Las Vegas, NV.
    What is the lease rate?
    The lease rate is $45 SF/Yr.
    What are key features of this property?
    This property features: Excellent access to SR-215 and N. 5th Street on/off ramps.; Located within the master-planned community of The Village at Tule Springs.; Adjacent to new construction including Terrible Herbst, Sherwin-Williams, U-Haul, and Denny's.
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    5Th St North Las Vegas, NV 89084
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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
    5Th St North Las Vegas, NV 89084
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