Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    6009 Craig Rd Las Vegas, NV 89130

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Art Deco gem, 8 suites available, CBD location.

    Property Features for 6009 Craig Rd

    General Information

    Property type
    Land
    Lot Size
    21,780 SF

    We can help!

    Listing Contact
    Dan Adamson
    Dan Adamson

    Listing Agency: ROI Commercial Real Estate Inc Listing Agent: Dan Adamson

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    The Bell Building, a beautifully maintained Art Deco office building, presents a unique opportunity in the heart of Lucas County's Central Business District (CBD). This iconic structure, boasting 43,219 square feet on a 0.47-acre lot, offers multiple tenancy options with eight available suites ranging in size from 435 square feet to a generous 3,671 square feet. Built in 1939, the building retains its original charm, featuring large windows that flood the spaces with natural light and elegant terrazzo floors. Security is provided in the building lobby, enhancing the safety and peace of mind for tenants. Convenient parking is available through a landlord agreement with any Kwik Park location. The building's zoning designation is CD - Downtown Commercial, reflecting its prime location at the corner of Madison Avenue and Erie Street. Utilities and janitorial services are included, minimizing operational overhead for tenants. This is an exceptional opportunity to secure prestigious office space in a landmark building within the vibrant CBD. The building's classic Art Deco style and modern amenities combine to create an unparalleled work environment.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Murphy USA Gas Station

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.228632
    Latitude
    36.237816

    Nearby Similar for Sale

    • New
      $280,000
      0.06 Acres

      Outdoor Living Space in Las Vegas

      Outdoor kitchen, BBQ, fireplace, and TV niche in Las Vegas.
      8175 Arville St, Las Vegas, NV 89139
      View Details
    • New
      $550,000
      1,509 SF

      Las Vegas Condo with Strip Views

      19th-floor condo in Downtown Las Vegas with panoramic views.
      150 Las Vegas Blvd, Las Vegas, NV 89101
      View Details
    • $419,000
      Pending

      Turnberry Towers High-Rise Residence

      Modern, upgraded 814 SF residence near the Las Vegas Strip.
      222 Karen Ave, Las Vegas, NV 89109
      View Details
    • New
      $340,000
      1,534 SF

      Las Vegas Country Club Condo

      Condo in guard-gated community with golf course, city, mountain views.
      3111 Bel Air Dr, Las Vegas, NV 89109
      View Details
    • New
      $475,000
      1,856 SF

      Las Vegas High-Rise Condo

      Remodel-ready condo with mountain views in Las Vegas Country Club.
      3111 Bel Air Dr, Las Vegas, NV 89109
      View Details
    • $398,000
      814 SF

      Turnberry Towers High-Rise Condo

      Upgraded one-bedroom condo with views and resort-style amenities.
      222 Karen Ave, Las Vegas, NV 89109
      View Details
    • New
      $254,999
      520 SF

      Las Vegas High-Rise Condo

      Furnished Las Vegas condo with strip and pool views.
      135 E Harmon Ave, Las Vegas, NV 89109
      View Details
    • $269,500
      520 SF

      Las Vegas High-Rise Residence

      Income-producing, fully furnished residence with resort amenities and prime location.
      145 E Harmon Ave, Las Vegas, NV 89109
      View Details
    • $274,500
      520 SF

      Las Vegas High-Rise Residence

      Furnished Las Vegas high-rise with strip and pool views.
      145 E Harmon Ave, Las Vegas, NV 89109
      View Details
    • $699,000
      2,694 SF

      Renovated 4-Plex in Downtown Las Vegas

      Remodeled four-unit property near downtown Las Vegas with strong cashflow.
      1812 Lewis Ave, Las Vegas, NV 89101
      View Details
    • $1,200,000
      Pending

      Las Vegas High-Rise Residence

      Luxury one-bedroom condo on the Las Vegas Strip.
      3750 Las Vegas Blvd, Las Vegas, NV 89158
      View Details
    • $320,000
      520 SF

      Las Vegas High-Rise Condo

      Income-producing, fully furnished condo with amazing views and resort amenities.
      125 E Harmon Ave, Las Vegas, NV 89109
      View Details

    FAQs

    What type of property is this?
    Land - Art Deco gem, 8 suites available, CBD location.
    Where is this land located?
    The property is located at 6009 Craig Rd Las Vegas, NV.
    What are key features of this property?
    This property features: 43,219 square foot office building in downtown Toledo, Ohio.; Multiple tenancies available, ranging from 435 to 3,671 square feet.; Located in the Central Business District (CBD) at Madison Avenue and Erie Street.
    (702) 550-4934 Call to check price and availability
    Request Owner's contact information
    6009 Craig Rd Las Vegas, NV 89130
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    6009 Craig Rd
    Las Vegas, NV 89130
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    6009 Craig Rd Las Vegas, NV 89130
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Dan Adamson
    Dan Adamson
    Real Estate License ID: 26992
    (702) 550-4934 (702) 580-3100
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!