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    4830 Craig Rd Las Vegas, NV 89130
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    4830 Craig Rd, Las Vegas, NV 89130

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    • Retail properties & Spaces
    • 11,270 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • american legion post 76 las vegas / Advocacy Group / Social Service Agency
    • Energym North / Gym & Fitness Center / Training Center
    • Dollar Max / Discount Store
    • Discount smoke & Vapor / (Bike/Boat/Book/etc) Store
    • Quality shoes / Clothing & Fashion Store / (Bike/Boat/Book/etc) Store

    Property Details for 4830 Craig Rd

    Year built
    2007
    Property type
    Retail properties & Spaces
    Property subtype
    Retail space

    Description

    This exceptional 11,270-square-foot storefront, built in 2007, is situated in the thriving Rancho Alta Mira Plaza at the highly visible intersection of Craig Road and Decatur Boulevard in Northwest Las Vegas, Nevada. The property, zoned C-1, boasts a prominent location within a well-established retail center anchored by Albertsons Grocery and featuring national tenants such as Great Clips, Speedway, H&R Block, Vitalant, and Papa Murphy's. With over 60,000 vehicles passing daily at the signalized intersection, this location offers unparalleled visibility and accessibility. The single-story building provides ample space for a variety of retail uses. Its convenient location is just minutes from the 95 Freeway and the Centennial Hills master-planned community, ensuring a large and readily accessible customer base. The asking price is $4,100,000, translating to $363.80 per square foot. The property's APN is 138-01-619-011. This is a rare opportunity to acquire a high-performing retail property in a rapidly growing area of Las Vegas.

    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
    -115.208
    Latitude
    36.24

    Comparable in this City

    • Value Estimation by Request
      62,000 SF

      4343 Rancho Dr

      Restaurants
      4343 Rancho Dr, Las Vegas, NV 89130
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    • Value Estimation
      $1,500,000
      9,060 SF

      3531 Rancho Dr

      RETAIL STORES (PERSONAL SERVICES)
      3531 Rancho Dr, Las Vegas, NV 89130-3123
      View Details
    • Value Estimation
      $875,000
      5,000 SF

      3611 Rancho Dr

      RETAIL STORES (PERSONAL SERVICES)
      3611 Rancho Dr, Las Vegas, NV 89130-3131
      View Details
    • Value Estimation
      $2,510,000
      10,070 SF

      4430 Rancho Dr

      RETAIL STORES (PERSONAL SERVICES)
      4430 Rancho Dr, Las Vegas, NV 89130-3406
      View Details
    • Value Estimation
      $3,080,000
      16,230 SF

      4275 Rancho Dr

      RETAIL STORES (PERSONAL SERVICES)
      4275 Rancho Dr, Las Vegas, NV 89130-3442
      View Details
    • Value Estimation by Request
      700 SF

      3153 Rancho Dr

      RETAIL STORES (PERSONAL SERVICES)
      3153 Rancho Dr, Las Vegas, NV 89130-3302
      View Details

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    Las Vegas, NV 89130
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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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