Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2700 S Las Vegas Blvd Las Vegas, NV 89109
    Property profile & analytics

    2700 S Las Vegas Blvd, Las Vegas, NV 89109

    View on Map
    • Parking lots & garages
    • 45,001 SF
    • 2.95 lot acres
    For Lease
    $60 SF/Yr
    View Listing →
    Retail, Office, Restaurant For Lease
    $60 SF/Yr

    Retail, Office, Restaurant

    Retail space

    2700 S Las Vegas Blvd, Las Vegas, NV 89109
    View Listing
    Property ID
    US62-0770485
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Sun Realty / Real Estate Agency
    • MINDS EYE MEDIA / Film Production / Television Studio
    • RLT / Medical Clinic
    • David Raanan / Real Estate Agency
    • BananaDog Media / Marketing & Advertising / (Bike/Boat/Book/etc) Store

    Property Details for 2700 S Las Vegas Blvd

    Year built
    2006
    Lot size
    2.95 lot acres
    Property type
    Parking lots & garages
    APN
    162-09-616-416
    APU
    16209616416

    Description

    This exceptional retail sublease opportunity presents 14,378 square feet of ground-floor space within the prestigious Sky Las Vegas luxury residential condominium complex, located at 2700 S Las Vegas Blvd, Las Vegas, NV 89109. The property boasts a Class A designation, built in 2007, and features a total of 56,818 square feet across three stories within a single building. This sublease is for a former CVS space, offering immediate occupancy. The space is delivered "as is" and the lease term is available until April 30, 2029, matching the existing lease. The building includes 150 parking spaces (10:1 ratio) and elevators. The property sits on a 2.96-acre lot (APN: 162-09-616-414, 162-09-616-410, 162-09-616-411, 162-09-616-415, 162-09-616-413) and is zoned UV. Its prime location in the Resort Corridor submarket of Las Vegas offers unparalleled visibility and access to high foot traffic. The building's floor area ratio (FAR) is 0.44. Rent is negotiable. This is a unique chance to secure a prominent retail presence on the bustling Las Vegas Strip. The property is situated near the intersection of South Las Vegas Boulevard and its cross street.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.162
    Latitude
    36.1389
    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
    $39,891
    $581,887
    $980,068
    $1,561,955
    -
    $1,662,534
    $2,800,194
    $4,462,728

    Comparable in this City

    • Value Estimation
      $995,000
      395,355 SF

      3400 Las Vegas S Blvd

      PARKING GARAGE, PARKING STRUCTURE
      3400 Las Vegas S Blvd, Las Vegas, NV 89109-8923
      View Details
    • Value Estimation
      $1,050,000
      220,672 SF

      101 Convention Ctr Dr

      PARKING GARAGE, PARKING STRUCTURE
      101 Convention Ctr Dr, Las Vegas, NV 89109-2001
      View Details
    • Value Estimation
      $640,000
      45,001 SF

      2700 Las Vegas S Blvd, Unit 110

      PARKING GARAGE, PARKING STRUCTURE
      2700 Las Vegas S Blvd, Las Vegas, NV 89109-1146
      View Details
    • Value Estimation
      $1,730,000
      1,422,213 SF

      3663 Las Vegas S Blvd

      PARKING GARAGE, PARKING STRUCTURE
      3663 Las Vegas S Blvd, Las Vegas, NV 89109-1920
      View Details
    • Value Estimation
      $1,050,000
      81,656 SF

      3411 Las Vegas S Blvd

      PARKING GARAGE, PARKING STRUCTURE
      3411 Las Vegas S Blvd, Las Vegas, NV 89109-8955
      View Details
    • Value Estimation
      $520,000
      58,032 SF

      3061 Maryland Pkwy

      PARKING GARAGE, PARKING STRUCTURE
      3061 Maryland Pkwy, Las Vegas, NV 89109-2298
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      20,077 SF

      Prime Retail Center Near Strip

      Retail center near Las Vegas Strip, offered 100% leased.
      2971 Sammy Davis Jr Dr, Las Vegas, NV 89109
      View Details
    • Contact for pricing

      Land Available on Las Vegas Boulevard

      Land for sale on the Las Vegas Strip.
      2955 South Las Vegas Blvd, Las Vegas, NV 89109
      View Details
    • $12,000,000

      Las Vegas Mixed-Use Development Opportunity

      3.61 acres near the Strip with mixed-use zoning.
      2753 S Highland Dr, Las Vegas, NV 89109
      View Details
    • $360,000
      0.10 Acres

      Las Vegas Vacant Land

      Vacant land in a private, gated Las Vegas community.
      777 Vegas Valley Dr, Las Vegas, NV 89109
      View Details
    • $426,000
      Pending

      Las Vegas Multifamily Property

      Multifamily property for sale in Las Vegas, Nevada.
      4650 Koval Ln, Las Vegas, NV 89109
      View Details
    • $380,000
      0.10 Acres

      Las Vegas Corner Lot

      Vacant corner lot in guard-gated Las Vegas community.
      793 Vegas Valley Dr, Las Vegas, NV 89109
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Upscale Retail Space in Venetian Resort

      Retail space available in the Grand Canal Shoppes mall.
      3325 S Las Vegas Blvd, Las Vegas, NV 89109
      View Details
    • Contact for pricing

      Premier Retail and Dining Destination

      Three-story retail and dining destination at a prime Las Vegas location.
      3717 S Las Vegas Blvd, Las Vegas, NV 89109
      View Details
    • Contact for pricing

      2700 S Las Vegas Blvd, Las Vegas, NV 89109

      Retail space
      2700 S Las Vegas Blvd, Las Vegas, NV 89109
      View Details
    • Contact for pricing

      Retail Space Near Convention Center

      Ground floor retail suites available near Las Vegas Convention Center.
      101 Convention Center Dr, Las Vegas, NV 89109
      View Details
    • $1.10 SF/Yr

      Retail Space on Maryland Parkway

      Retail space for lease with high visibility on Maryland Parkway.
      2797 S Maryland Pkwy, Las Vegas, NV 89109
      View Details
    • Contact for pricing
      1,400 SF

      Las Vegas Retail Space Available

      Retail space for lease in a high-traffic Las Vegas shopping center.
      2560-2660 S Maryland Pkwy, Las Vegas, NV 89109
      View Details
    View Listing
    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.
    2700 S Las Vegas Blvd
    Las Vegas, NV 89109
    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
    2700 S Las Vegas Blvd, Las Vegas, NV, 89109
    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!