Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4830 Craig Rd Las Vegas, NV 89130

    • Retail properties
    • 11,270 SF
    • 1.17 lot acres
    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
    Lot size
    1.17 lot acres
    Property size
    11,270 SF
    Property type
    Retail properties
    Property subtype
    Office Properties & Spaces

    Description

    This exceptional 2,824 square foot medical office end-cap space is located within the Rancho Alta Mira Plaza, a thriving retail center in Las Vegas, Nevada. The property, built in 2007, is part of a larger 11,270 square foot building situated on 1.17 acres of land. The single-story building features a total of 3 suites, with this end-cap space currently vacant. The plaza enjoys a high-traffic location at the intersection of Craig Road and Decatur Boulevard, boasting over 60,000 vehicles passing daily. This prime location offers excellent visibility and accessibility, further enhanced by its proximity to the 95 Freeway and the Centennial Hills master-planned community. The property includes 36 parking spaces and is zoned C-1. Strong co-tenancy includes Albertsons, Great Clips, Speedway, H&R Block, Vitalant, and Papa Murphy's, ensuring high foot traffic and a vibrant commercial environment. The property's address is 4830 W Craig Rd, Las Vegas, NV 89130, with the APN 138-01-619-011. This is an excellent opportunity for a medical practice seeking a prominent and well-located space.

    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
    36.2402

    Comparable in this City

    • Value Estimation by Request
      143,466 SF

      3231 Decatur Blvd

      Office space • 143,466 SF
      3231 Decatur Blvd, Las Vegas, NV 89130
      View Details
    • Value Estimation by Request

      Las Vegas Nv

      Restaurants
      0 Las Vegas Nv, Las Vegas, NV 89130
      View Details
    • Value Estimation by Request
      62,000 SF

      4343 Rancho Dr

      Restaurants • 62,000 SF
      4343 Rancho Dr, Las Vegas, NV 89130
      View Details
    • Value Estimation
      $11,700,000
      36,594 SF

      3966 Rancho Dr

      MEDICAL BUILDING • 36,594 SF
      3966 Rancho Dr, Las Vegas, NV 89130
      View Details
    • Value Estimation
      $1,420,000
      8,763 SF

      4454 Decatur Blvd

      MEDICAL BUILDING • 8,763 SF
      4454 Decatur Blvd, Las Vegas, NV 89130-5286
      View Details
    • Value Estimation
      $670,000
      4,460 SF

      4451 Rancho Dr

      MEDICAL BUILDING • 4,460 SF
      4451 Rancho Dr, Las Vegas, NV 89130-3405
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.50 Acres

      The Bell Building: Downtown Office Space

      Art Deco gem, 8 suites available, CBD location.
      6009 Craig Rd, Las Vegas, NV 89130
      View Details
    • New
      $275,000
      0.47 Acres

      Commercial Land in Las Vegas

      Two commercial office parcels available in Las Vegas, Nevada.
      Las Vegas, NV 89130
      View Details
    • $7,700,000
      61,450 SF

      Anchored Shopping Center Opportunity

      Value-add shopping center with junior-anchor opportunity in Las Vegas.
      4810-4920 W Lone Mountain Rd, Las Vegas, NV 89130
      View Details
    • $750,000
      0.74 Acres

      Las Vegas Commercial Land - 0.74 Acres

      Prime Commercial Lot, High Traffic Area, Build-Ready
      0 Rainbow Commercial Pad, Las Vegas, NV 89130
      View Details
    • $832,431

      Commercial Land on N. Rancho

      Commercial land with frontage on N. Rancho Drive in Las Vegas.
      2805 N Rancho Dr, Las Vegas, NV 89130
      View Details
    • $4,000,000

      Las Vegas Commercial Land Available

      Commercial land for sale in established Las Vegas business area.
      3941 N Rancho Dr, Las Vegas, NV 89130
      View Details

    Similar Nearby for Lease

    • $13 SF/Yr
      143,466 SF

      Red Feather Plaza: Las Vegas Office

      Modern Las Vegas office space, newly renovated.
      3231 Decatur Blvd, Las Vegas, NV 89130
      View Details
    • $16 SF/Yr
      1,740 SF

      Las Vegas Office Space: 1740 SQFT

      Prime Office Suite, Move-in Ready
      3660 Rancho Dr, Las Vegas, NV 89130
      View Details
    • $13 SF/Yr
      62,000 SF

      Imperial Plaza: Office & Retail Spaces

      Las Vegas retail/office suites available.
      4343 Rancho Dr, Las Vegas, NV 89130
      View Details
    • Contact for pricing
      9,311 SF

      Las Vegas Retail Space - 9,311 SF

      Prime Las Vegas retail space, ideal for auto services.
      4141 Rancho Dr, Las Vegas, NV 89130
      View Details
    • $30 SF/Yr
      49,554 SF

      Tenaya Village Retail Center

      Las Vegas Retail Investment Opportunity
      7240 Azure Dr, Las Vegas, NV 89130
      View Details
    • $21 SF/Yr
      170,126 SF

      Rancho Alta Mira Plaza Retail Center

      Grocery-anchored center, prime NW Las Vegas location.
      4990 Craig Rd, Las Vegas, NV 89130
      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.
    4830 Craig Rd
    Las Vegas, NV 89130
    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

    Google sign-in failed. Please try again or use another login method.