Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    5Th St North Las Vegas, NV 89031
    Property profile & analytics

    5Th St, North Las Vegas, NV 89031

    View on Map
    • Retail properties & Spaces
    • 5,400 SF
    • 1.07 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 0 5Th St

    Year built
    2024
    Lot size
    1.07 lot acres
    Property type
    Retail properties & Spaces
    Property subtype
    Restaurants

    Description

    This exceptional 1.07-acre freestanding retail pad, situated at the highly visible intersection of Craig Road and 5th Street in Clark County, presents a rare development opportunity. Boasting a total buildable area of 5,400 square feet, this property offers flexibility for various retail concepts, including restaurants, quick-service restaurants (QSRs), and automotive uses. The site is zoned C-1, allowing for a wide range of commercial uses. Its strategic location benefits from exceptional visibility and high traffic counts, with approximately 58,300 vehicles per day on Craig Road and 5th Street, and an impressive 176,500 vehicles per day on the nearby I-15 Freeway and Craig Road intersection. The area demonstrates strong daytime population and significant growth, with over 5.2 million square feet of new industrial space under construction within a half-mile radius, adding approximately 2,400 full-time employees. Furthermore, over 13,000 new homes are planned or under construction nearby. The property's proximity to major thoroughfares, Sam's Club, Lowe's, Texas Roadhouse, I-15 Freeway, Nellis Air Force Base, and the College of Southern Nevada (CSN) ensures high consumer traffic and a robust customer base. This is the last available freestanding pad on Craig Road between 5th Street and Lawrence Street, making it a truly unique investment opportunity. The property includes a 2024-built single-story building and is identified by APN 139-02-214-004. A drive-thru option is available, enhancing its appeal to a wide range of potential tenants. The property is available for sale or ground lease.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    North Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.134
    Latitude
    36.2403

    Comparable in this City

    • Value Estimation by Request

      Ann Rd And Vly Dr

      Restaurants
      0 Ann Rd And Vly Dr, North Las Vegas, NV 89031
      View Details
    • Value Estimation by Request
      34,030 SF

      270 Ann Rd

      Day care centers
      270 Ann Rd, North Las Vegas, NV 89031
      View Details
    • Value Estimation by Request

      5Th St

      Individual retail properties
      0 5Th St, North Las Vegas, NV 89031
      View Details
    • Value Estimation by Request
      108,816 SF

      5514 Camino Al Norte

      Neighborhood centers
      5514 Camino Al Norte, North Las Vegas, NV 89031
      View Details
    • Value Estimation by Request
      38,012 SF

      205 Centennial Pkwy

      Shopping centers
      205 Centennial Pkwy, North Las Vegas, NV 89031
      View Details
    • Value Estimation by Request
      5,790 SF

      812 Ann Rd

      BAR, TAVERN
      812 Ann Rd, North Las Vegas, NV 89031-1310
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,800 SF

      Retail Property on Ann Road

      Retail space available for sale in North Las Vegas.
      360 E Ann Rd, North Las Vegas, NV 89031
      View Details
    • $6,996,000

      Commercial Land at Craig & Commerce

      Prime commercial land for sale at a high-traffic intersection.
      4540 N Commerce St, North Las Vegas, NV 89031
      View Details
    • Contact for pricing
      4,240 SF

      New Heartland Dental NNN Lease

      New construction NNN lease with corporate guaranty by Heartland Dental.
      4372 W Ann Rd, North Las Vegas, NV 89031
      View Details
    • Contact for pricing

      Commercial Land Near Highway 95

      Land parcels in high-traffic area near new construction.
      Craig Rd. & Simmons St, North Las Vegas, NV 89031
      View Details
    • Contact for pricing

      Signalized Corner Commercial Land

      Commercial land with potential in a growing area.
      440 E Lone Mountain Rd, North Las Vegas, NV 89031
      View Details

    Similar Nearby for Lease

    • $39 SF/Yr
      8,566 SF

      Prime Medical Office Suite For Lease

      8,566 SF Medical Office in Thriving Retail Center
      2202 Craig Rd, North Las Vegas, NV 89031
      View Details
    • Contact for pricing

      Retail Space in North Las Vegas

      Retail property available for lease in North Las Vegas.
      N Commerce St, North Las Vegas, NV 89031
      View Details
    • Contact for pricing

      Retail Pad in Kroger Lot

      Retail space available in Kroger parking lot, North Las Vegas.
      4700 W Ann Rd, North Las Vegas, NV 89031
      View Details
    • Contact for pricing

      Retail Space For Lease

      Retail space available for lease in North Las Vegas.
      W/NWC Ann Rd And Vly Dr, North Las Vegas, NV 89031
      View Details
    • Contact for pricing
      2,966 SF

      Retail Space in North Las Vegas

      Retail space available for rent in North Las Vegas.
      4318 W Ann Rd, North Las Vegas, NV 89031
      View Details
    • Contact for pricing

      Retail Space in High-Traffic Location

      Retail space available in a high-traffic North Las Vegas location.
      5Th St, North Las Vegas, NV 89031
      View Details
    Request Owner's contact information
    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.
    5Th St
    North Las Vegas, NV 89031
    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
    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

    Thank You for Inquiry
    5Th St, North Las Vegas, NV, 89031
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!