Mixed-Use Building with Income
901 Stewart Ave Las Vegas, NV 89101
901 Stewart Ave, Las Vegas, NV, 89101
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For Sale
Contact for pricing
Versatile building with seating for 120 plus income property.
Property Size2,650 SF
Lot Size0.19 Acres
Price / SF$358.49
Days on Market704
Property Features for 901 Stewart Ave
General Information
- Standard status
- Active
- Size
- 2,650 SF
- Lot size
- 0.19 Acres
- Property subtype
- Mixed Use, Special Purpose
Building Details
- Year Built
- 1949
Listing Agency
Griffis Realty Investments
(702) 406-6867
Listed by
Joe Griffis · License #NV 0077170
Source
Crexi
Added: Aug 13, 2024 Checked: Jul 16 at 11:23 am
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 Griffis Realty Investments
Investment Insights
Based on property information with market context.
This mixed-use property features a building with a wide-open layout that can seat approximately 120 people. Adjacent to this is a triplex, offering potential for additional income or use as kitchen space, classrooms, or storage. A mobile office is also present, providing further options for classrooms or office space. The total area of both parcels is 2,650 square feet, situated on 0.19 acres. The layout of the property allows for various different uses.
Key Highlights
- Two properties on two separate parcels included in the sale.
- Versatile layout suitable for various uses.
- Existing building seats +/- 120 people.
Local Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $70.0k | $26.40 |
| − Vacancy | −$5.9k | −$2.24 |
| EGI | $64.0k | $24.16 |
| − OpEx | −$24.0k | −$9.06 |
| NOI | $40.0k | $15.10 |
2,650 SF · lease $26.40/SF/yr · vacancy 8.50% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$571.5K
$500.1K – $666.8K
NOI $40,008 @ 7.0% cap · market cap 4.21%
Second Best
Multifamily LT 5
$435.7K
$381.3K – $508.4K
NOI $30,502 @ 7.0% cap · market cap 3.21%
Theoretical Best
Specialty Retail
$915.7K
$801.2K – $1.07M
NOI $64,098 @ 7.0% cap · market cap 6.75%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Amistad Cristiana
Church
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Versatile building with seating for 120 plus income property.
Where is this mixed-use property located?
The property is located at 901 Stewart Ave Las Vegas, NV.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Two properties on two separate parcels included in the sale.; Versatile layout suitable for various uses.; Existing building seats +/- 120 people.
