7-Eleven-Anchored Shopping
901-947 N Pecos Rd, Las Vegas, NV 89101
For Sale
Contact for pricing
The center includes a convenience-store anchor and four fuel pumps on the same parcel.
Property Size21,720 SF
Lot Size2.15 Acres
Price / SF$265.54
Days on Market60
Property Features for 901-947 N Pecos Rd
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Neighborhood
Corner Location
Anchor Co-Tenants
Traffic Count
Highway Access
Road Access
Additional Details
Fuel Pumps
Building Details
Tenancy
Listing Agency:
Marcus & Millichap - Las Vegas
Listed By:
Dustin Alvino · License NV BS.0143692
(702) 215-7120
Source:
Crexi
Added: Sep 16
Changed: Oct 25
Last Checked: Nov 12 at 4:49AM
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 Marcus & Millichap - Las Vegas
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located at 901-947 N Pecos Rd in Las Vegas, this shopping center spans approximately 21,720 square feet on 2.15 acres. A 7-Eleven with four fuel pumps occupies the same parcel. The property sits at the signalized intersection of North Pecos Road and East Washington Avenue, with approximately 305 feet of frontage and combined traffic counts of about 47,100 vehicles per day. Interstate 11 is approximately two miles away.
The surrounding area includes 229,263 residents within three miles; average household income within one mile is $63,957. Planned residential projects include a nearly $500 million, 95-acre redevelopment of the former Desert Pines Golf Club, less than one mile south, expected to add more than 1,500 households. Lennar is also developing more than 1,000 homes west along Washington Avenue in the eastern Downtown/Cashman area.
The surrounding area includes 229,263 residents within three miles; average household income within one mile is $63,957. Planned residential projects include a nearly $500 million, 95-acre redevelopment of the former Desert Pines Golf Club, less than one mile south, expected to add more than 1,500 households. Lennar is also developing more than 1,000 homes west along Washington Avenue in the eastern Downtown/Cashman area.
Key Highlights
- Approximately 21,720 square feet on 2.15 acres
- 7‑Eleven on the parcel includes four fuel pumps
- Approximately 305 feet of frontage at North Pecos Road and East Washington Avenue
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$525,362
Cap Rate
9.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,507,240
$10.5M
Cap Rate 7%
$7,505,171
$7.5M
Cap Rate 9%
$5,837,356
$5.8M
Market Conditions
NOI Build-Up for 21,720 SF
Gross rent
$742.8K $34.20/SF
− Vacancy
−$42.3K −$1.95/SF
EGI
$700.5K $32.25/SF
− OpEx
−$175.1K −$8.06/SF
NOI
$525.4K $24.19/SF
Area
Las Vegas, NV
Vacancy
5.70%
Lease Rate
$34.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,507,240
Cap Rate 7%
$7,505,171
Cap Rate 9%
$5,837,356
Alternative Uses
Best Use
Specialty Retail
$7.51M
$6.57M – $8.76M
NOI $525,362 @ 7.0% cap · market cap 9.11%
Second Best
Retail
$7.00M
$6.13M – $8.17M
NOI $490,338 @ 7.0% cap · market cap 8.50%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
47,100 VPD
Traffic count
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
452
Businesses Nearby
24k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar Tree
Shops & Services
23,600 visits/mo
0.4 miles
Demographics for 89101, NV
42,465
Population
18,258
Households
2.3
Avg Household Size
35
Median Age
11%
College-Educated
66%
High-School Grad
5.4 sq mi
ZIP Area
7,864
Density / Sq Mi
$38,653
Median Household Income
$29,471
Median Earnings
$1,008
Median Rent
$258,100
Median Home Value
Market
Properties on Market for Shopping centers in Las Vegas
Vacancy Rate% for Retail in Las Vegas, NV
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Frequently Asked Questions
What type of property is this?
Shopping center - The center includes a convenience-store anchor and four fuel pumps on the same parcel.
Where is this shopping center located?
The property is located at 901-947 N Pecos Rd Las Vegas, NV.
What is the asking price?
The asking price for this property is $5,767,623.
What are key features of this property?
This property features: Approximately 21,720 square feet on 2.15 acres; 7‑Eleven on the parcel includes four fuel pumps; Approximately 305 feet of frontage at North Pecos Road and East Washington Avenue
