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Property profile & analytics
FOR SALE
Retail space

3011 West Lake Mead Blvd North Las Vegas, NV 89032

5,500 SF 0.94 ac lot Built 2001
Individually Owned 4-yr Hold Free & Clear
Property ID
US62-1272523
Property summary
AI-generated overview

This exceptional 5,500 square foot retail property, located at 3011 W Lake Mead Blvd in North Las Vegas, Nevada (APN 139-20-210-003), is offered at $1,850,000, reflecting a 6.56% cap rate and a $121,354 net operating income (NOI). The property boasts a C-1 zoning designation and features a diverse tenant mix including Domino's Pizza, a commissary kitchen, a smoke shop, and a beauty salon. A significant approximately 1,600 square foot restaurant suite is fully built-out and available, complete with a full kitchen, grease interceptor, and hood. The property benefits from excellent visibility with pylon signage opportunities and is strategically positioned near the intersection of Lake Mead and Simmons Boulevards, just two miles north of US-95 and minutes from Downtown Las Vegas via the new Martin Luther King interchange. Its proximity to the North Las Vegas Airport and a major mixed-use redevelopment project (including up to 655 new housing units, a grocery store, hotel, and more) ensures strong future growth potential. This prime retail center presents a compelling investment opportunity in a rapidly developing area. The property is a single-story building.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2001
Construction FRAME
Total area 5,500 SF
Lot 0.94 ac (40,946 SF)
APN 139-20-210-003
UPID US62-1272523
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Cutting Edge Entertainment Nightclub Music Venue
  • Domino's Pizza Take-out & Catering
  • The Blacc Boxx Restaurant
  • EV Connect Charging Station Electric Vehicle Charging Station
  • Vapor Smoke Shop (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
3011 W Lake Mead · 4 yrs held
3011 W Lake Mead
since 2022
Last sale
$2.1M
7 recorded transactions
2022
Price N/A
2022
$2.1M
2010
$800,000
2006
Price N/A
2005
$1.6M
2003
$185,000
2002
$1.1M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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