Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1520 Craig Rd North Las Vegas, NV 89030
    Back to Search
    Property profile & analytics

    1520 Craig Rd, North Las Vegas, NV 89030

    View on Map
    • Turn key restaurants
    • 4,275 SF
    • 0.89 lot acres
    Off-Market
    Last Sale Nov 30, 2022
    $3,741,150
    Property ID
    US62-0796324
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $3,510,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Panera Bread / Cafe & Coffee Shop

    Property Details for 1520 Craig Rd

    Year built
    2022
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.89 lot acres
    Property type
    Turn key restaurants
    APN
    139-02-612-010
    APU
    13902612010

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 30, 2022 $3,741,150 Craig Rd LLC Siena X Holding Limited Partnership Bargain And Sale Deed $2.7M · Farmers State Bank
    Oct 11, 2019 — Siena X Holding — Deed · related $2.4M · Steinberg David L F/tr (rt)
    — — Siena X Holding — Deed Of Trust · related $2.4M · Steinberg David L F/tr (rt)

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,355,000
      ML approach
      $3,200,000

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $4,550,000
      Current use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    North Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.124
    Latitude
    36.2403
    CBSA code
    29820
    CBSA name
    LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $17,160
    $217,101
    $486,311
    $703,412
    -
    $620,289
    $1,389,460
    $2,009,749

    Comparable in this City

    • Value Estimation
      $1,190,000
      9,120 SF

      2765 Craig Rd

      RESTAURANT
      2765 Craig Rd, North Las Vegas, NV 89030-3398
      View Details
    • Value Estimation
      $3,810,000
      2,880 SF

      985 Craig Rd

      RESTAURANT
      985 Craig Rd, North Las Vegas, NV 89030-3204
      View Details
    • Value Estimation by Request
      3,220 SF

      1108 Lk Mead Blvd

      RESTAURANT
      1108 Lk Mead Blvd, North Las Vegas, NV 89030-8300
      View Details
    • Value Estimation by Request
      2,546 SF

      2023 Lk Mead Blvd

      RESTAURANT
      2023 Lk Mead Blvd, North Las Vegas, NV 89030-7135
      View Details
    • Value Estimation by Request
      1,134 SF

      2839 Las Vegas N Blvd

      RESTAURANT
      2839 Las Vegas N Blvd, North Las Vegas, NV 89030-5713
      View Details
    • Value Estimation
      $1,000,000
      1,974 SF

      2720 Las Vegas N Blvd

      RESTAURANT
      2720 Las Vegas N Blvd, North Las Vegas, NV 89030-5810
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      10,560 SF

      Retail Center on Las Vegas Blvd

      Two-building retail center with long-term tenants and high visibility.
      2560 Las Vegas Blvd N, North Las Vegas, NV 89030
      View Details
    • Contact for pricing
      2,400 SF

      Free-Standing Building with Ample Parking

      Free-standing commercial building, currently a bar, with ample parking.
      3704 E Owens Ave, North Las Vegas, NV 89030
      View Details
    • Contact for pricing
      11,424 SF

      North Las Vegas Industrial Facility

      Multi-tenant auto repair and industrial facility for sale.
      2061 Losee Rd, North Las Vegas, NV 89030
      View Details
    • Contact for pricing
      50,358 SF

      North Las Vegas Retail Center

      Stabilized retail asset with redevelopment potential in North Las Vegas.
      2987 Las Vegas Blvd N, North Las Vegas, NV 89030
      View Details
    • Contact for pricing

      Industrial Property For Sale

      Industrial property available for purchase in North Las Vegas.
      4150 E Craig Rd, North Las Vegas, NV 89030
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      28,129 SF

      North Las Vegas Multi-Tenant Office

      Renovated Medical & Creative Office Space. High Visibility.
      1820 Lake Mead Blvd, North Las Vegas, NV 89030
      View Details
    • $1.20 SF/Yr
      2,000 SF

      Retail Storefront in Belmont Square

      Fronting a high-traffic Lake Mead corridor, this retail storefront offers strong visibility within an established neighborhood center.
      3029 E Lake Mead Blvd, Las Vegas, NV 89030
      View Details
    • Contact for pricing

      Turnkey Restaurant Opportunity

      Fully equipped restaurant space ready for a new concept.
      2520 E Craig Rd, North Las Vegas, NV 89030
      View Details
    • Contact for pricing

      Retail Center with National Tenants

      Retail spaces available in busy North Las Vegas shopping center.
      1366 W Cheyenne Ave, North Las Vegas, NV 89030
      View Details
    • Contact for pricing
      167,160 SF

      College Park Retail Center, North Las Vegas

      Prime Retail Space, North Las Vegas, NV
      0 Lk Mead Blvd. & Mcdaniel St, North Las Vegas, NV 89030
      View Details
    • Contact for pricing
      4,563 SF

      Retail Space in Revitalization District

      Retail space in North Las Vegas's revitalization district.
      2101-2401 E Lake Mead Blvd, North Las Vegas, NV 89030
      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.
    1520 Craig Rd
    North Las Vegas, NV 89030
    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
    1520 Craig Rd, North Las Vegas, NV, 89030
    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!