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    861-871 Nellis Blvd Las Vegas, NV 89110

    For Lease
    $12 SF/Yr

    Las Vegas retail space, 2 units available

    Lot size:
    21,200 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    Friendly Bear Plaza, located at 861-871 N Nellis Blvd, Las Vegas, NV 89110, presents a compelling investment opportunity in a thriving Sunrise Manor neighborhood center. This Class B property, built in 1998, comprises two single-story buildings totaling 21,200 square feet, situated on a 1.86-acre lot (APN 140-29-716-003). The center features 13 suites, with two retail spaces currently available, each ranging from approximately 1,100 to 1,200 contiguous square feet. The minimum divisible space is 1,100 square feet. The property boasts excellent visibility and high traffic counts due to its location at the intersection of N. Nellis Boulevard and E. Washington Ave, within a densely populated, multicultural area. A RISE dispensary is currently operating within the center, further enhancing its appeal and foot traffic. The property offers 70 total parking spaces and is zoned C-1. Annual property taxes are $1.25 per square foot. Currently, 4,600 square feet of space is vacant, presenting a unique opportunity for expansion or new tenancy. The property's convenient location and existing tenant base make it an attractive option for businesses seeking a strong presence in a busy Las Vegas neighborhood.

    Property Features for 861-871 Nellis Blvd

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    21,200 SF
    Class
    B
    Total Rate
    21200

    Building Details

    Year Built
    1998
    Buildings
    2
    Stories
    1

    Unit(s) available at that property

    Space
    861-6
    Size
    1,100 SF
    Rate per SF
    $15
    Space
    871-5
    Size
    1,100 SF
    Rate per SF
    $15
    Space
    871-1
    Size
    1,200 SF
    Rate per SF
    $21

    HighLights

    • ±1,100‑1,200 SF of retail space available.
    • Endcap or inline space available.
    • Rise Dispensary now open in the center.
    • New pylon sign installed.
    • High traffic count: ±38,000 cars per day on N. Nellis Blvd.
    • Excellent retail location in Sunrise Manor.
    Property Profile Location Intelligence

    Current Use by Public Records

    Deli Deli Friendly Beer Plaza Business Center Friendly Bear Plaza Business Center

    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
    -115.06241433759
    Latitude
    36.180281489958

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    FAQs

    What type of property is this?
    Neighborhood center - Las Vegas retail space, 2 units available
    Where is this neighborhood center located?
    The property is located at 861-871 Nellis Blvd Las Vegas, NV.
    What is the lease rate?
    The lease rate is $15-$21 SF/Yr.
    What are key features of this property?
    This property features: ±1,100-1,200 SF of retail space available.; Endcap or inline space available.; Rise Dispensary now open in the center.
    Request Owner's contact information
    861-871 Nellis Blvd Las Vegas, NV 89110
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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
    861-871 Nellis Blvd Las Vegas, NV 89110
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