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    3853 E Craig Rd North Las Vegas, NV 89030

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    Retail and industrial spaces with high traffic exposure on Craig Road.

    Type:Retail, Industrial
    Added:
    Apr 18, 2024
    Days on Market:
    734
    Last Refresh:
    Mar 17 at 1:20 pm

    Property Features for 3853 E Craig Rd

    General Information

    Standard status
    Active
    Property subtype
    Retail, Industrial

    Building Details

    Year Built
    2002

    Spaces For Lease

    at 3853 E Craig Rd Contact us

    3873 - Suite 11-12 $1.10 /Mo

    Size
    4,922 SF
    Type
    Retail, Industrial
    4,922 SF total (360 SF HVAC office and 4,562 SF evaporative cooled warehouse) with...
    show more
    Contact us

    3873 - Suite 9 $1.15 /Mo

    Size
    2,461 SF
    Type
    Retail, Industrial
    2,461 SF total (360 SF HVAC office and 2,101 SF evaporative cooled warehouse) with...
    show more
    Contact us

    3873 - Suite 10 $1.15 /Mo

    Size
    2,461 SF
    Type
    Retail, Industrial
    2,461 SF total (360 SF HVAC office and 2,101 SF evaporative cooled warehouse) with...
    show more
    Contact us

    3853, Suite 5 - 100% HVAC $1.15 /Mo

    Size
    2,950 SF
    Type
    Retail, Industrial
    100% HVAC! 2,750 SF total (200 SF HVAC office and 2,139 SF HVAC warehouse) with 14'...
    show more
    Contact us

    3853, Suite 1 - 100% HVAC $1.00 /Mo

    Size
    2,499 SF
    Type
    Retail, Industrial
    100% HVAC! End unit priced to move! See flyer on main page for floor plan, space...
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    Contact us
    Show more

    We can help!

    Listing Contact
    Jen Levine

    Listing agent Jen Levine License #NV BS.0145723

    Listing office RealComm Advisors

    Listing date Apr 18, 2024

    Source Crexi

    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 RealComm Advisors

    Overview

    High-Visibility Retail/Industrial Space Available

    Located approximately 0.25 miles east of I-15, Craig Business Center offers spaces suitable for industrial and retail uses. The property benefits from direct exposure on Craig Road and is surrounded by amenities, including restaurants and retail businesses. The location on this major thoroughfare provides prominent signage opportunities, with an estimated 94,500 vehicles per day passing by.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Sin City Tires (Bike/Boat/Book/etc) Store Pioneer Equipment Production Facility MasterADAS Auto Repair Shop Vegas Valley Auto Auto Repair Shop Fernandos Batteries Auto Parts Store

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Nail Salon Gym & Fitness Center Daycare Center Accounting Firm Building Supply

    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
    -115.0922189
    Latitude
    36.2399639

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    FAQs

    What type of property is this?
    Retail space - Retail and industrial spaces with high traffic exposure on Craig Road.
    Where is this retail space located?
    The property is located at 3853 E Craig Rd North Las Vegas, NV.
    What are key features of this property?
    This property features: High Traffic Exposure: Located on Craig Road with +\/- 94,500 cars per day.; Convenient Location: Situated ¼ mile east of I‑15, offering easy access.; Abundant Amenities: Surrounded by numerous restaurants and retail businesses.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Jen Levine
    Real Estate License ID: NV BS.0145723
    Learn More
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
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