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    4245 Grand Canyon Dr Las Vegas, NV 89147

    For Lease
    $33 SF/Yr

    High-traffic Summerlin retail space available

    Lot size:
    14,749 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional Class A retail center, built in 2005, boasts a prime location in the Summerlin South submarket of Las Vegas, Nevada. Situated on 8.74 acres at 4245 S Grand Canyon Dr, near Flamingo Rd. & Grand Canyon Pkwy (APN 163-19-112-012, zoned C-2), this one-story, two-building property offers immediate access to the 215 Beltway. The center is anchored by Target, Kohl's, Floor & Decor, and JCPenney, ensuring high visibility and substantial foot traffic. Currently, there is 12,400 square feet of vacant space available, divisible into units as small as 2,723 square feet and up to a contiguous 12,401 square feet. The property benefits from its proximity to affluent residential communities such as The Summit Club and The Ridges. Existing tenants include Flip N Out Extreme, Doggie District, Water Wings Swim School, Orange Theory Fitness, HUE Salon & Lux Suites, The Ride Indoor Cycling, and 103° Hot Pilates & Yoga, creating a vibrant and diverse tenant mix. This presents a unique opportunity for businesses seeking exposure in a thriving, established retail center within a high-demand area. The property's strong anchor tenants, excellent location, and substantial vacant space make it an ideal investment for a variety of retail, restaurant, or office uses.

    Property Features for 4245 Grand Canyon Dr

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    14,749 SF
    Class
    A

    Building Details

    Year Built
    2005
    Buildings
    1
    Stories
    2

    Unit(s) available at that property

    Space
    Suite 108 - Former Dental Office
    Size
    2,348 SF
    Rate per SF
    $39
    Space
    Suite 121-124 - Open Retail Space
    Size
    12,401 SF
    Rate per SF
    $33

    HighLights

    • 2,723 - 12,401 SF of open retail space available.
    • 2,348 SF former dental office available, adaptable to standard retail layout.
    • Strong co‑tenancy with fitness and children's businesses.
    • Multiple national anchor tenants.
    • High traffic counts and strong surrounding demographics.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Lydia Wyatt DDS Dentist 103° Hot Pilates ... Pilates Studio Skin Sanctuary LV Skin Care Clinic iShape Beauty Clinic Beauty Salon Orangetheory Fitness Gym

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage 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
    Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.30800803455
    Latitude
    36.11256509528

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    FAQs

    What type of property is this?
    Retail property - High-traffic Summerlin retail space available
    Where is this retail property located?
    The property is located at 4245 Grand Canyon Dr Las Vegas, NV.
    What is the lease rate?
    The lease rate is $33-$39 SF/Yr.
    What are key features of this property?
    This property features: 2,723 - 12,401 SF of open retail space available.; 2,348 SF former dental office available, adaptable to standard retail layout.; Strong co-tenancy with fitness and children's businesses.
    Request Owner's contact information
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    Las Vegas, NV 89147
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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
    4245 Grand Canyon Dr Las Vegas, NV 89147
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