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    1020 Rancho Dr Las Vegas, NV 89106

    Sponsored
    For Lease
    Contact for pricing

    Prime Las Vegas commercial lot, ready for development.

    Lot size:
    25,265 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 0.58-acre commercial land parcel, located at 1020 N. Rancho Dr. in Las Vegas, NV 89106 (APN 139-29-201-006), presents a unique development opportunity. Zoned C-2, the property boasts a convenient single-tenant configuration and is ideally situated at the main entrance of Twin Lakes Plaza, ensuring excellent ingress and egress. All utilities are stubbed, and off-site improvements are complete, including a finished drive-thru lane. The site is ready for immediate development, with ownership open to creative building concepts, such as modified shipping containers. This mature trade area benefits from stable traffic and density, and is experiencing significant reinvestment from both public and private sectors. A noteworthy development, encompassing approximately 73 acres of mixed-use commercial, recreational, hotel, retail, restaurant, and multifamily properties, is underway just one mile north, further enhancing the area's appeal and future growth potential. This presents a compelling investment opportunity in a thriving Las Vegas location.

    Property Features for 1020 Rancho Dr

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    25,265 SF

    Unit(s) available at that property

    Space
    Size
    25,265 SF

    HighLights

    • 0.58‑acre commercial lot at 1020 N. Rancho Dr., Las Vegas, NV (APN 139‑29‑201‑006).
    • C‑2 zoning, single‑tenant configuration at Twin Lakes Plaza's main entrance.
    • Utilities stubbed, drive‑thru lane complete, ready for immediate development.
    • Mature trade area with stable traffic and density; significant public & private reinvestment underway.
    • Nearby 73‑acre mixed‑use development enhances future growth potential.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    -115.180229
    Latitude
    36.18279

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    FAQs

    What type of property is this?
    Land - Prime Las Vegas commercial lot, ready for development.
    Where is this land located?
    The property is located at 1020 Rancho Dr Las Vegas, NV.
    What are key features of this property?
    This property features: 0.58-acre commercial lot at 1020 N. Rancho Dr., Las Vegas, NV (APN 139-29-201-006).; C-2 zoning, single-tenant configuration at Twin Lakes Plaza's main entrance.; Utilities stubbed, drive-thru lane complete, ready for immediate development.
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    1020 Rancho Dr Las Vegas, NV 89106
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    Las Vegas, NV 89106
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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
    1020 Rancho Dr Las Vegas, NV 89106
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