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    5Th St North Las Vegas, NV 89032

    Sponsored
    For Sale
    Contact for pricing

    High-traffic, freestanding pad for sale/lease

    Property size:
    3,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1.07-acre freestanding retail pad, located at the northeast corner of E. Craig Rd. and N. 5th St. in North Las Vegas (89032), presents a unique investment opportunity. The property boasts a prime location with high visibility and significant traffic volume, averaging approximately 58,300 vehicles per day on E. Craig Rd. and 176,500 vehicles per day on the nearby I-15 Freeway. Zoned C-1, this site allows for various uses, including QSR, fast food, restaurant, and automotive-related businesses. The pad offers flexibility with building options ranging from approximately 3,000 to 5,400 square feet, including the possibility of a drive-thru. The site's strategic location benefits from proximity to major retailers such as Sam's Club and Lowe's, ensuring high consumer traffic. Furthermore, the area experiences strong daytime population density, amplified by the construction of approximately 5.2 million square feet of new industrial space, adding roughly 2,400 full-time employees within a half-mile radius. With over 13,000 homes planned or under construction nearby, this property offers exceptional long-term growth potential. The property's APN is 139-02-214-004. This is the last freestanding pad available on Craig Road between N. 5th St. and Lawrence St., making it a truly rare opportunity. The net rentable square footage is 5,400 square feet. This property is available for sale or ground lease.

    Property Features for 0 5Th St

    General Information

    Property type
    Restaurants
    Square Feet
    3,000 SF

    Building Details

    Units
    1

    HighLights

    • Freestanding pad site (Pad C) with drive‑thru potential, approximately 1.07 acres.
    • Ground lease or build‑to‑suit options available.
    • Building sizes ranging from approximately 3,000 square feet to approximately 5,400 square feet (suitable for automotive uses).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    North Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.13426332642
    Latitude
    36.239599388622

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    FAQs

    What type of property is this?
    Restaurant - High-traffic, freestanding pad for sale/lease
    Where is this restaurant located?
    The property is located at 5Th St North Las Vegas, NV.
    What are key features of this property?
    This property features: Freestanding pad site (Pad C) with drive-thru potential, approximately 1.07 acres.; Ground lease or build-to-suit options available.; Building sizes ranging from approximately 3,000 square feet to approximately 5,400 square feet (suitable for automotive uses).
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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 89032
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