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Property profile & analytics
OFF-MARKET Estimated value $975,000
Office buildings

3445 Craig Rd North Las Vegas, NV 89032-5111

4,704 SF 0.13 ac lot Built 2004
Entity Owned 1-yr Hold ~ Est. High Equity
Property ID
US62-1246737
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Kingdom Life Ministries Church Mosque
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
Gammoh Flores LLC · 1 yrs held
Gammoh Flores LLC
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
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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