7-Eleven-Anchored Strip
New
For Sale
$5,767,623
901 N Pecos Rd, Las Vegas, NV 89101
Retail center with fuel service, signalized-corner access, and established residential demand in the surrounding trade area.
Property Size21,720 SF
Lot Size2.15 Acres
Price / SF$265.54
Days on Market1
Property Features for 901 N Pecos Rd
General Information
Standard status
Active
Size
21,720 SF
Lot size
2.15 Acres
Property subtype
Shopping Strip
Site & Location
Corner Location
Yes
Anchor Co-Tenants
7-Eleven
Traffic Count
47,100 vehicles/day
Highway Access
Yes
Road Access
Yes
Additional Details
Cap Rate
6.85%
Fuel Pumps
4
Amenities
?Nationally High-Performing 7-Eleven & Fuel Component: The offering includes a 7-Eleven with four fuel pumps located on the same parcel. According to Placer.ai, the store ranks among the top-performin
?Dense, Established Consumer Base: The property serves approximately 229,263 residents within three miles, while the surrounding one-mile trade area reports an average household income of approximatel
?Rare Combination of In-Place Stability & Embedded Rental Upside: The property offers investors stable in-place cash flow with meaningful upside potential, as current rents within the center are appro
Building Details
Building Size
21,720 SF
Year Built
1985
Listing Agency:
Marcus & Millichap - Las Vegas
Listed By:
Dustin Alvino · License #License(s): NV: BS.0143692, NJ: 2294556
(702) 215-7120
Source:
Marcusmillichap
Added: Sep 22
Last Checked: Sep 22 at 1:49PM
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
Investment Insights
Based on property information with market context.
This 21,720-square-foot strip mall was built in 1985 and occupies 2.15 acres at a signalized intersection in Las Vegas. The offering includes a 7-Eleven on the same parcel with four fuel pumps, creating a convenience and fuel component within the center. Approximately 305 feet of frontage and combined traffic counts of about 47,100 vehicles per day support access and exposure.
The property is approximately two miles from Interstate 11 and serves an established residential trade area, with approximately 229,263 residents within three miles and average household income of $63,957 within one mile. Planned development nearby includes more than 1,500 new households in a 95-acre mixed-use redevelopment south of the property and more than 1,000 additional homes to the west along Washington Avenue.
The property is approximately two miles from Interstate 11 and serves an established residential trade area, with approximately 229,263 residents within three miles and average household income of $63,957 within one mile. Planned development nearby includes more than 1,500 new households in a 95-acre mixed-use redevelopment south of the property and more than 1,000 additional homes to the west along Washington Avenue.
Key Highlights
- 21,720‑square‑foot retail center on 2.15 acres
- 7‑Eleven on the same parcel with four fuel pumps
- Approximately 305 feet of frontage at a signalized intersection
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$525,362
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
9.11%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
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Current Use
Lease Details
47,100 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
452
Businesses Nearby
24k
Monthly Visits Nearby
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Las Vegas, NV
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Strip mall - Retail center with fuel service, signalized-corner access, and established residential demand in the surrounding trade area.
Where is this strip mall located?
The property is located at 901 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: 21,720‑square‑foot retail center on 2.15 acres; 7‑Eleven on the same parcel with four fuel pumps; Approximately 305 feet of frontage at a signalized intersection
