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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3523 Pecos Rd Las Vegas, NV 89115

    • Retail properties
    • 13,980 SF
    • 1.15 lot acres
    For Lease
    View listing
    $15 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Pecos-Gowan Commercial Center / Professional Services
    • CoinFlip Bitcoin ATM / Financial Advisor
    • Campaign Office Mi Familia Vota / Voter Registration Office
    • Virtuous Beauty salon / Hair Salon
    • Los michoacanos LLC / Restaurant / Buffet

    Property Details for 3523 Pecos Rd

    Year built
    2008
    Lot size
    1.15 lot acres
    Property size
    13,980 SF
    Property type
    Retail properties

    Description

    This ±13,980 square foot retail shopping center in Las Vegas, Nevada, presents a compelling investment opportunity. Located at 3523 N Pecos Rd, at the signalized intersection of N. Pecos Road and E. Gowan Street, this single-story, 2008-built property offers excellent visibility and convenient access. The center comprises seven suites, with a total of 4,676 square feet currently vacant, offering spaces ranging from 1,539 to 3,107 contiguous square feet. The property sits on 1.15 acres of land and is zoned C-1. Its prime location benefits from high traffic counts on Pecos Road, convenient ingress/egress, and proximity to public transportation (RTC bus route). Furthermore, its strategic location places it just blocks from the College of Southern Nevada's North Las Vegas Campus, and near major employers including Amazon Fulfillment Center, CDW, Derse, Global Industrial, Western Group Packaging, and Sunset Transportation. This well-positioned retail center offers significant potential for growth and strong returns. The property's one-story design and ample parking provide a convenient shopping experience for customers.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.099
    Latitude
    36.2244

    Comparable in this City

    • Value Estimation by Request

      4375-4385 Pecos Rd

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      0.66 Acres

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      3978 Lake Mead Blvd

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      8,121 SF

      2189 Nellis Blvd

      RETAIL STORES (PERSONAL SERVICES) • 8,121 SF
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    • Value Estimation by Request
      4,800 SF

      2225 Nellis Blvd

      RETAIL STORES (PERSONAL SERVICES) • 4,800 SF
      2225 Nellis Blvd, Las Vegas, NV 89115-5579
      View Details
    • Value Estimation
      $2,960,000
      6,912 SF

      2475 Nellis Blvd

      RETAIL STORES (PERSONAL SERVICES) • 6,912 SF
      2475 Nellis Blvd, Las Vegas, NV 89115-4512
      View Details

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    Similar Nearby for Lease

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    Las Vegas, NV 89115
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    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
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