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Property profile & analytics
OFF-MARKET
Neighborhood centers

861-871 Nellis Blvd Las Vegas, NV 89110

21,200 SF 1.86 ac lot Built 1998
Property ID
Property summary
AI-generated overview

Friendly Bear Plaza, located at 861-871 N Nellis Blvd, Las Vegas, NV 89110, presents a compelling investment opportunity in a thriving Sunrise Manor neighborhood center. This Class B property, built in 1998, comprises two single-story buildings totaling 21,200 square feet, situated on a 1.86-acre lot (APN 140-29-716-003). The center features 13 suites, with two retail spaces currently available, each ranging from approximately 1,100 to 1,200 contiguous square feet. The minimum divisible space is 1,100 square feet. The property boasts excellent visibility and high traffic counts due to its location at the intersection of N. Nellis Boulevard and E. Washington Ave, within a densely populated, multicultural area. A RISE dispensary is currently operating within the center, further enhancing its appeal and foot traffic. The property offers 70 total parking spaces and is zoned C-1. Annual property taxes are $1.25 per square foot. Currently, 4,600 square feet of space is vacant, presenting a unique opportunity for expansion or new tenancy. The property's convenient location and existing tenant base make it an attractive option for businesses seeking a strong presence in a busy Las Vegas neighborhood.

Property profile
Verified
Property type Neighborhood centers
Year built 1998
Total area 21,200 SF
Lot 1.86 ac (81,022 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Deli Food Market Restaurant
  • Friendly Beer Plaza Business Service Center Corporate Office
  • Friendly Bear Plaza Business Service Center Corporate Office
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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