East Fremont Retail
1930 E Fremont St Las Vegas, NV 89101
1930 E Fremont St, Las Vegas, NV, 89101
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For Sale
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Retail space in growing East Fremont corridor, redevelopment opportunity.
Property Size4,362 SF
Lot Size0.66 Acres
Price / SF$320.95
Days on Market802
Property Features for 1930 E Fremont St
General Information
- Standard status
- Active
- Size
- 4,362 SF
- Lot size
- 0.66 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 1964
Listing Agency
Gatski Commercial
(702) 765-8888
Listed by
Laramie Bracken · License #NV S.0065576
Source
Crexi
Added: May 7, 2024 Checked: Jul 17 at 4:49 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Gatski Commercial
Investment Insights
Based on property information with market context.
This commercial property, built in 1964, offers 4,362 square feet of retail space on a 0.66-acre lot. Zoned T4 Corridor (T4-C), the property presents a redevelopment opportunity in the growing East Fremont corridor, close to Downtown. The former Odyssey Bar, currently vacant, comprises 2,800 square feet and is in Vanilla Shell condition. Additionally, there is a month-to-month tenant, Odyssey Pizza, occupying 1,562 square feet. The property features an oversized lot.
Key Highlights
- Redevelopment opportunity in the growing East Fremont corridor.
- Oversized 0.66‑acre lot close to Downtown.
- Former Odyssey Bar (2,800 sf) in Vanilla Shell condition.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $149.2k | $34.20 |
| − Vacancy | −$8.5k | −$1.95 |
| EGI | $140.7k | $32.25 |
| − OpEx | −$42.2k | −$9.68 |
| NOI | $98.5k | $22.58 |
4,362 SF · lease $34.20/SF/yr · vacancy 5.70% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.41M
$1.23M – $1.64M
NOI $98,474 @ 7.0% cap · market cap 7.03%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.51M
$1.32M – $1.76M
NOI $105,508 @ 7.0% cap · market cap 7.54%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Odyssey Pizza
Restaurant
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Retail space in growing East Fremont corridor, redevelopment opportunity.
Where is this retail space located?
The property is located at 1930 E Fremont St Las Vegas, NV.
What is the asking price?
The asking price for this property is $1,399,999.
What are key features of this property?
This property features: Redevelopment opportunity in the growing East Fremont corridor.; Oversized 0.66‑acre lot close to Downtown.; Former Odyssey Bar (2,800 sf) in Vanilla Shell condition.
