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    3011 Lake Mead Blvd North Las Vegas, NV 89032

    Sponsored
    For Sale
    $1,850,000

    High-yield retail investment opportunity.

    Property size:
    5,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 5,500 square foot retail property, located at 3011 W Lake Mead Blvd in North Las Vegas, Nevada (APN 139-20-210-003), is offered at $1,850,000, reflecting a 6.56% cap rate and a $121,354 net operating income (NOI). The property boasts a C-1 zoning designation and features a diverse tenant mix including Domino's Pizza, a commissary kitchen, a smoke shop, and a beauty salon. A significant approximately 1,600 square foot restaurant suite is fully built-out and available, complete with a full kitchen, grease interceptor, and hood. The property benefits from excellent visibility with pylon signage opportunities and is strategically positioned near the intersection of Lake Mead and Simmons Boulevards, just two miles north of US-95 and minutes from Downtown Las Vegas via the new Martin Luther King interchange. Its proximity to the North Las Vegas Airport and a major mixed-use redevelopment project (including up to 655 new housing units, a grocery store, hotel, and more) ensures strong future growth potential. This prime retail center presents a compelling investment opportunity in a rapidly developing area. The property is a single-story building.

    Property Features for 3011 Lake Mead Blvd

    General Information

    Property type
    Restaurants
    Square Feet
    5,500 SF

    Building Details

    Stories
    1

    HighLights

    • 1,600 SF fully built‑out restaurant space available.
    • C‑1 Zoning.
    • Pylon signage opportunity.
    • Full‑service restaurant kitchen with grease trap and hood system.
    • Strong co‑tenancy including Domino's Pizza, a beauty salon, and a smoke shop.
    • Excellent location near a major mixed‑use development with 655+ residential units, grocery store, hotel, and retail.
    Property Profile Location Intelligence

    Current Use by Public Records

    Cutting Edge Entertainment Dj Service Domino's Pizza Pizza Delivery The Blacc Boxx Restaurant EV Connect Charging ... Electric Vehicle Charging Station Vapor Smoke Shop Tobacco Shop

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    North Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.1803758
    Latitude
    36.1969834

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    FAQs

    What type of property is this?
    Restaurant - High-yield retail investment opportunity.
    Where is this restaurant located?
    The property is located at 3011 Lake Mead Blvd North Las Vegas, NV.
    What is the asking price?
    The asking price for this property is $1,850,000.
    What are key features of this property?
    This property features: 1,600 SF fully built-out restaurant space available.; C-1 Zoning.; Pylon signage opportunity.
    Request Owner's contact information
    3011 Lake Mead Blvd North Las Vegas, NV 89032
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    North Las Vegas, NV 89032
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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
    3011 Lake Mead Blvd North Las Vegas, NV 89032
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