960 Craig Rd North Las Vegas, NV 89032
- Commercial real estate
- 0.49 lot acres
Current Use by Public Records
- Lv health care / Family Practice Physician
- Culinary Health Center - Craig / Community Health Centre
Property Details for 960 Craig Rd
- Lot size
- 0.49 lot acres
- Property type
- Commercial real estate
- APN
- 139-04-610-004
- APU
- 13904610004
Description
This exceptional commercial land opportunity in North Las Vegas, Nevada, presents a unique chance for development. Located at 960 W Craig Rd, 89032, this property boasts a highly desirable location within a thriving retail hub. With lot sizes ranging from 1 to 7.06 acres, and a total square footage potential of 20,000 to 1,500,000, this parcel offers significant flexibility for various commercial projects. The property is zoned C-2, facilitating streamlined approvals and entitlements, a significant advantage compared to other Clark County jurisdictions. Its strategic position along the Craig Road Retail Corridor ensures excellent visibility, benefiting from a high volume of daily traffic (42,500 vehicles per day in 2022, according to TRINA NDOT data). The surrounding area is characterized by established residential communities to the west and north, a bustling retail corridor to the south, and the serene Craig Ranch Regional Park to the east. The property's proximity to over 1,700 recently built or under-construction award-winning homes and apartments further enhances its appeal and potential for strong returns. Within a one-mile radius, there's over 1.7 million square feet of existing retail space, solidifying its position within a major retail center. This property's combination of size, location, zoning, and surrounding development makes it an ideal investment for discerning developers seeking a prime location in a rapidly growing area. APN: 139-04-610-005.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $85,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $125,000
- 6.5%
- $125,000
- 7%
- $110,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $100,000
- Geo Method
- $120,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $115,000
- Retail
- $105,000
- Mixed-Use
- $115,000
- Hospitality
- $115,000
- Educational
- $105,000
- Residential Income
- $125,000
- Energy
- $135,000
- Income-Based Land
- $105,000
- Food Service
- $120,000
Location Insight
- Map
- Local Demand
- City
- North Las Vegas
- County
- Clark
- State
- Nevada
- Longitude
- -115.157
- Latitude
- 36.2399
- CBSA code
- 29820
- CBSA name
- LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA
