Property profile

3445 Craig Rd North Las Vegas, NV 89032

OFF-MARKET
Office buildings
Property ID
US62-1246737
4,704 SF 0.13 ac lot Built 2004
Entity Owned 1-yr Hold ~ Est. High Equity
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional 4,704 square foot, single-story office building is located in the Northern Vistas Business Park in North Las Vegas, NV. Built in 2004 and renovated in 2014, this Class B property features a single tenant under a Net Lease agreement with 0 years remaining on a 6.2-year lease (commencing January 1, 2018, expiring March 30, 2024). The property boasts a 6.32% cap rate and a pro-forma cap rate of 6.78%, with a current NOI of $72,660 and a pro-forma NOI of $78,000. The asking price is $1,150,000 ($244.47/sq ft). Situated on a 5,663 square foot lot (APN: 13905316013), the building is zoned Neighborhood Commercial (C-1) and offers ample parking. The property's prime location across from a Smith's anchored shopping center provides high visibility and accessibility, with over 35,000 vehicles passing daily. The versatile design allows for potential division into up to five separate offices. This presents a strong investment opportunity due to the property's location in a high-growth area of North Las Vegas, near several master-planned communities. The property is ideal for both owner-users and investors seeking a stable, income-generating asset.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 2004
Construction FRAME
Total area 4,704 SF
Lot 0.13 ac (5,663 SF)
APN 139-05-316-013
UPID US62-1246737

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
  • Church Mosque

Location

3445 Craig Rd North Las Vegas, NV 89032-5111
North Las Vegas metro Census 3610 LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$975k
CAP Approach CAP
$1.07M
Comparable Approach Comparable
by Request
Blend (final) Blend
$975k

Owner & transaction history

since 2024
Last sale
$975,000
6 recorded transactions
2024
$975,000
2018
$385,000
2015
$397,237
2007
$800,000
2004
$705,600
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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 3445 Craig Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
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