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

    4195 Grand Canyon Dr Las Vegas, NV 89147

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Summerlin Power Center, High Visibility

    Lot size:
    65,000 SF

    Property Features for 4195 Grand Canyon Dr

    General Information

    Property type
    Retail space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    65,000 SF
    Class
    A
    Total Rate
    227500

    Building Details

    Stories
    1

    Spaces For Lease

    at 4195 Grand Canyon Dr, Las Vegas, NV 89147 Contact us
    Unit 4195 Bldg., #106 Endcap Pad

    $42 /Mo

    Size
    1,045 SF
    Contact us

    We can help!

    Listing Contact
    Lauren Tabeek, Ccim
    Lauren Tabeek, Ccim

    Listing Agency: Newmark Las Vegas Listing Agent: Lauren Tabeek, Ccim

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

    Learn more

    Property Insight Report

    Overview

    This exceptional 1,045 square foot endcap pad space is situated within a thriving Summerlin power center anchored by Target and Kohl's. The property boasts a prime location at 4195 S Grand Canyon Dr, Las Vegas, NV 89147, easily accessible from Flamingo Rd. & Grand Canyon Dr. This Class A, single-story retail center features multiple suites totaling 65,000 square feet and benefits from high daily customer traffic generated by national retailers including Floor & Decor and JCPenney. The site enjoys exceptional visibility, positioned in a high-income area with a strong daytime population, and is directly across from the Las Vegas Athletic Club and a Dignity Health neighborhood hospital. Further enhancing its appeal, the center is adjacent to nearly 1,100 newly constructed Class A apartments, with an additional 350 units planned. The C-2 (Clark County) zoning allows for a variety of uses, making this an ideal opportunity for a restaurant or similar business seeking high visibility and a strong customer base. The property includes a grease interceptor. This is a rare opportunity to secure a highly visible pad space in a premier Summerlin South location.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Legacy Wealth Estate ... Law Firm Thomas Wagner: Allstate ... Insurance Agency Fat Freeze Body ... Weight Loss Service Adja's Hair Extensions ... Hair Salon La Madre Canyon ... Restaurant

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.307106647
    Latitude
    36.115050264886

    Nearby Similar for Lease

    • Contact for pricing

      Lake Mead Boulevard

      Discover many ways to work your way in Lake Mead Boulevard
      7251 Lake Mead Blvd, Las Vegas, NV 89128
      View Details
    • Contact for pricing

      Howard Hughes Parkway

      Discover many ways to work your way in Howard Hughes Parkway
      3960 Howard Hughes Pkwy, Las Vegas, NV 89109
      View Details
    • Sponsored
      Contact for pricing

      Tivoli Village

      Flexible workspace in San Jose Airport
      410 Rampart Blvd, Las Vegas, NV 89145
      View Details
    • Contact for pricing

      Rainbow

      All-inclusive access to workspace, virtual office and meeting rooms in O'Hare Airport
      500 Rainbow Blvd, Las Vegas, NV 89107
      View Details
    • Contact for pricing

      Town Square

      Discover many ways to work your way in AZ, Phoenix - 24th and Camelback
      6671 Las Vegas Blvd, Las Vegas, NV 89119
      View Details
    • Contact for pricing

      Arroyo Crossing

      All-inclusive access to workspace, virtual office and meeting rooms in O'Hare Airport
      7455 Arroyo Crossing Pkwy, Las Vegas, NV 89113
      View Details
    • Sponsored
      Contact for pricing

      The Gramercy

      All-inclusive access to workspace, virtual office and meeting rooms in One Lincoln center
      Las Vegas, NV 89148
      View Details
    • Contact for pricing

      City Cental Place

      Discover many ways to work your way in IL, Oak Brook - Oak Brook Pointe
      400 4Th St, Las Vegas, NV 89101
      View Details
    • Contact for pricing

      The Canyons at Summerlin

      Discover many ways to work your way in IL, Oak Brook - Oak Brook Pointe
      1180 Town Center Dr, Las Vegas, NV 89144
      View Details
    • Contact for pricing

      Downtown Summerlin

      Meet, work or collaborate in our professional Columbia Center business center
      1980 Festival Plaza Dr, Las Vegas, NV 89135
      View Details
    • Contact for pricing

      Howard Hughes II

      Meet, work or collaborate in our professional Columbia Center business center
      3753 Howard Hughes Pkwy, Las Vegas, NV 89169
      View Details
    • Contact for pricing

      NV, Las Vegas - E Carson St

      All-inclusive access to workspace, virtual office and meeting rooms in One Lincoln center
      302 Carson St, Las Vegas, NV 89101
      View Details

    FAQs

    What type of property is this?
    Retail space - Summerlin Power Center, High Visibility
    Where is this retail space located?
    The property is located at 4195 Grand Canyon Dr Las Vegas, NV.
    What is the lease rate?
    The lease rate is $42 SF/Yr.
    What are key features of this property?
    This property features: 1,045 SF endcap retail space in Target-anchored shopping center.; Newly leased to Ninja Lair (ninja training) and Poke Express.; High-income residential area near The Ridges, The Summit, and Siena communities.
    (702) 733-7500 Call to check price and availability
    Request Owner's contact information
    4195 Grand Canyon Dr Las Vegas, NV 89147
    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.
    4195 Grand Canyon Dr
    Las Vegas, NV 89147
    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
    4195 Grand Canyon Dr Las Vegas, NV 89147
    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 Lauren Tabeek, Ccim
    Lauren Tabeek, Ccim
    Real Estate License ID: 74477
    (702) 733-7500 (702) 405-1707
    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!