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    450 Nellis Blvd Las Vegas, NV 89110

    For Lease
    $21 SF/Yr

    Las Vegas retail center, 5 spaces available

    Lot size:
    192,158 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional Las Vegas retail center, Sunrise Market Place, offers 5 available spaces ranging from 1,500 to 25,161 square feet. Located at 450 N Nellis Blvd, at the corner of Stewart and Nellis, this Class B property boasts a total of 192,158 square feet across three single-story buildings. Built in 1988, the center benefits from a strong anchor tenant, Smith's Grocer, and SouthWest Medical, with many long-term tenants (over 30 years). The property is zoned CG and has a Clark County APN of 140-33-201-005. Its prime location within the Nellis trade area provides access to a substantial population base: over 200,000 people and 75,000 households reside within a 3-mile radius. The high concentration of medical tenants presents a unique opportunity for additional medical office spaces, enhancing patient convenience. This property offers a compelling investment opportunity in a thriving Las Vegas neighborhood. The center features multiple tenancies and no elevators.

    Property Features for 450 Nellis Blvd

    General Information

    Property type
    Medical space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    192,158 SF
    Class
    B
    Total Rate
    336276.5

    Building Details

    Year Built
    1988
    Buildings
    3
    Stories
    1

    Unit(s) available at that property

    Space
    E12
    Size
    7,045 SF
    Rate per SF
    $21
    Space
    Suite J02
    Size
    1,500 SF
    Rate per SF
    $33
    Space
    E11
    Size
    3,436 SF
    Rate per SF
    $24
    Space
    D1 - E12
    Size
    25,161 SF
    Rate per SF
    $21
    Space
    D1
    Size
    14,680 SF
    Rate per SF
    $21

    HighLights

    • Smiths‑anchored shopping center.
    • 56,000‑vehicle per day (VPD) traffic count.
    • Strong medical tenant base in the trade area.
    • Second‑generation medical space available.
    • Second‑generation hair salon space available.
    • Second‑generation gun store space available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Coinstar Kiosk | Bitcoin ... Atm U.S. Bank Branch Bank Primo Water Refill ... Bottled Water Supplier Redbox Movie Rental Kiosk higi Health Consultant

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.0612514355
    Latitude
    36.167490831666

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    FAQs

    What type of property is this?
    Medical space - Las Vegas retail center, 5 spaces available
    Where is this medical space located?
    The property is located at 450 Nellis Blvd Las Vegas, NV.
    What is the lease rate?
    The lease rate is $21-$33 SF/Yr.
    What are key features of this property?
    This property features: Smiths-anchored shopping center.; 56,000-vehicle per day (VPD) traffic count.; Strong medical tenant base in the trade area.
    Request Owner's contact information
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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
    450 Nellis Blvd Las Vegas, NV 89110
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