Technical
Financial
Distress signals
Property profile

914 Main St Las Vegas, NV 89101

OFF-MARKET
Retail space
Property ID
US62-0398228
6,400 SF 0.37 ac lot Built 1962
Entity Owned 33-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional retail property, located in Las Vegas' vibrant Arts District (914 S Main St, Unit B), presents a compelling investment opportunity. The 6,400 square foot building, constructed in 1962 and extensively renovated in 2023, features two suites. Currently, one suite houses a thriving restaurant and bar, while the other, a vacant 2,400 square foot space with a 500 square foot patio, is available for lease at $27.00 per square foot. The property sits on a 0.37-acre lot (16,170 square feet) and is zoned C-M. The building is single-story with no elevators and offers limited parking (2.1 spaces per 1,000 square feet). Its prime location in the Arts District, known for its art galleries, shops, and culinary scene, ensures high foot traffic and visibility. The property's proximity to popular attractions like the Fremont Street Experience and Neon Museum further enhances its appeal. The vacant suite presents a unique opportunity for a variety of businesses, including lounges, cannabis stores, art exhibits, or boutique firms. This Class C property offers a strong value proposition, given its recent renovation and below-market rental rates in a rapidly developing area. The property's APN is 139-33-811-003.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1962
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 6,400 SF
Lot 0.37 ac (16,117 SF)
APN 139-33-811-003
UPID US62-0398228

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Bar & Pub
  • Restaurant

Location

914 Main St Las Vegas, NV 89101-6425
Las Vegas metro Census 7900 LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$2.23M
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.32M

Owner & transaction history

since 1992
2 recorded transactions
1992
$178,720
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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