Property profile

3050 Cheyenne Ave North Las Vegas, NV 89032

OFF-MARKET
Office buildings
Property ID
US62-0242501
2,984 SF 0.46 ac lot Built 2006
Entity Owned 1-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 2,984-square-foot retail property, located at 3050 W Cheyenne Ave in North Las Vegas, NV 89032, presents a compelling owner-user or investment opportunity. Built in 2006 and extensively renovated in 2022, this single-story, Class B shopping center/storefront boasts modern finishes and a versatile layout. The property sits on a 20,038-square-foot lot and includes 30 parking spaces. Currently vacant, this space offers significant potential for a variety of retail uses, having previously been adapted for event hosting and featuring a roll-up drive-through door with warehouse capabilities. Zoned as Planned Unit Development, this property benefits from high visibility due to its prime location off a busy intersection. The asking price is $659,000, representing a price per square foot of $220.84. The property features one unit within a single building. While the current Net Operating Income (NOI) is $0 due to vacancy, the recent renovations and strategic location position this property for strong future returns. This is a rare chance to acquire a premium retail space in a thriving submarket, ideal for long-term growth and high return on investment.

Property profile

Verified
Property type Office buildings
Use group PROFESSIONAL BUILDING
Year built 2006
Construction FRAME
Total area 2,984 SF
Lot 0.46 ac (20,038 SF)
APN 139-08-416-008
UPID US62-0242501

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Gym & Fitness Center
  • Nursing Home Retirement Community

Location

3050 Cheyenne Ave North Las Vegas, NV 89032-6025
North Las Vegas metro Census 3613 LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$750k
CAP Approach CAP
$680k
Comparable Approach Comparable
by Request
Blend (final) Blend
$755k

Owner & transaction history

since 2025
Last sale
$600,000
5 recorded transactions
2025
$600,000
2022
$1.5M
2018
$1.1M
2008
$440,540
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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