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Property profile & analytics
FOR LEASE
Strip malls
3053 W Craig Rd North Las Vegas, NV 89032
Entity Owned
6-yr Hold
Free & Clear
Property ID
US62-0423276
For Lease
1 / 3
$33 SF/Yr
3053 W Craig Rd, North Las Vegas, NV 89032
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Property summary
AI-generated overview
This exceptional 2,040 square foot retail space is part of the Craig Shops at Smiths, a multi-tenant retail center located at 3053 W Craig Rd, North Las Vegas, NV 89032. Situated at the southwest corner of W. Craig Road and Simmons Street, this property benefits from a prime location within a thriving commercial area. The single-story, 8,000 square foot building, constructed in 2004, features five suites and is anchored by a Smith's Food & Drug and El Pollo Loco, ensuring high foot traffic and visibility. The available space offers a minimum of 2,040 contiguous square feet, ideal for a variety of retail businesses. The property is zoned City of North Las Vegas - General Commercial (C-2), providing flexibility for various commercial uses. The property's APN is 139-05-317-004. This is a fantastic opportunity to establish or expand your business in a well-established and high-traffic retail center. The property offers excellent visibility and accessibility, making it an attractive option for businesses seeking a strong presence in the North Las Vegas market. Contact us today to learn more about this exceptional retail opportunity.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2004
Construction
FRAME
Total area
7,980 SF
Lot
0.8 ac (34,848 SF)
APN
139-05-317-004
UPID
US62-0423276
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
-
THE REFRIGERATOR SPECIALIST Home Appliance Store
-
Priority Water Truck Services Trucking Company
-
UPS Authorized Shipping Outlet Courier Service Postal Service
-
Bunker Hill Bradley Marketing & Advertising Advertising Agency
-
Sun Cal Products Inc Kitchen & Bath Showroom Furniture & Home Goods
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.70M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.32M
Owner & transaction history
Meyer Sf Partners LP · 6 yrs held
Meyer Sf Partners LP
since 2019
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs North Las Vegas submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North Las Vegas submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,840,000
6.5%
$1,695,000
7%
$1,575,000
Blend value · Realmo final
$1.32M
Range $1.19M – $1.45M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$165 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$13,826
Tax year 2023
Assessed value
$427,397
Assessed 2024
Previous assessed
$412,087
+3.7% YoY
Effective rate
3.23%
On assessed value
Assessed land
$195,149
Assessed improvement
$232,248
Land market value
$557,569
Improvement market value
$663,566
Total market value
$1,221,135
Applied tax rate
250.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
2004
Construction
FRAME
Heating
HEAT PUMP
Stories
1
Total area
7,980 SF
Lot
0.8 ac (34,848 SF)
APN
139-05-317-004
UPID
US62-0423276
Jurisdiction
CLARK
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2004
Construction
FRAME
Heating
HEAT PUMP
Stories
1
Lot
0.8 ac
Current owner
From public records · entity-resolved
Meyer Sf Partners LP
Entity
Free & Clear · 6 yrs held
Mailing address
3941 PARK DR STE #20, EL DORADO HILLS, CA 95762-4577
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 26, 2019
$3,050,000
Meyer Sf Partners LP
Building 3053 LLC
Grant Deed
—
Aug 3, 2015
$2,190,000
Building 3053 LLC
Craig Shops C LLC
Bargain And Sale Deed
$155,000 · Meadows Bank
Sep 27, 2005
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
Sep 14, 2005
—
Craig Shops C LLC
Craig Simmons Associates LP
Bargain And Sale Deed
$2,300,000 · Jpmorgan Chase Bank NA
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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