Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    3515 Rancho Dr Las Vegas, NV 89130

    Property Lookup

    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3515 Rancho Dr Las Vegas, NV 89130

    View on Map
    • Commercial real estate
    Off-Market
    Property ID
    US62-0946725
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 3515 Rancho Dr

    Property type
    Commercial real estate
    APN
    13812301016

    Description

    This exceptional 1-acre commercial land parcel presents a rare investment opportunity in Las Vegas, Nevada. Located at 3515 N Rancho Dr, 89130, this property boasts a highly desirable C-2 zoning designation, allowing for a wide range of commercial uses. Situated on a corner lot, this location offers excellent visibility and accessibility along the busy Rancho Drive corridor, ensuring high traffic exposure for any future development. The property's APN is 13812301016. Clark County records confirm the address and zoning. The asking price is $749,000. This prime location benefits from significant recent development activity in the surrounding area, indicating a strong and growing market. The seller is open to considering financing options for qualified buyers. This is a unique chance to acquire a strategically positioned commercial lot with immense potential for growth and return on investment. The property's high visibility and versatile zoning make it an ideal choice for entrepreneurs and investors seeking a foothold in a thriving Las Vegas commercial market. Serious inquiries are encouraged to explore this exceptional opportunity further.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.21692793368
    Latitude
    36.222272839091

    Comparable in this City

    • $4,700,000
      8.16 Acres

      Las Vegas Land Parcel

      8.16 acre land parcel in established equestrian area.
      Hickam Ave, Las Vegas, NV 89130
      View Details
    • $275,000
      0.47 Acres

      Commercial Land in Las Vegas

      Two commercial office parcels available in Las Vegas, Nevada.
      Las Vegas, NV 89130
      View Details
    • $832,431
      1 SF

      Commercial Land Near North Las Vegas Airport

      Vacant commercial land site near North Las Vegas Airport.
      2805 North Rancho Dr, Las Vegas, NV 89130
      View Details
    • $275,000
      0.48 Acres

      Commercial Land in Las Vegas

      Two commercial parcels available, suitable for office space.
      Las Vegas, NV 89130
      View Details
    • $1,400,000
      1.39 Acres

      Las Vegas Commercial-Industrial Land

      1.39 acres of commercial-industrial land for sale in Las Vegas.
      5300 Ricky Rd, Las Vegas, NV 89130
      View Details

    Similar Nearby for Sale

    • $4,700,000
      8.16 Acres

      Las Vegas Land Parcel

      8.16 acre land parcel in established equestrian area.
      Hickam Ave, Las Vegas, NV 89130
      View Details
    • $275,000
      0.47 Acres

      Commercial Land in Las Vegas

      Two commercial office parcels available in Las Vegas, Nevada.
      Las Vegas, NV 89130
      View Details
    • $832,431
      1 SF

      Commercial Land Near North Las Vegas Airport

      Vacant commercial land site near North Las Vegas Airport.
      2805 North Rancho Dr, Las Vegas, NV 89130
      View Details
    • $275,000
      0.48 Acres

      Commercial Land in Las Vegas

      Two commercial parcels available, suitable for office space.
      Las Vegas, NV 89130
      View Details
    • $1,400,000
      1.39 Acres

      Las Vegas Commercial-Industrial Land

      1.39 acres of commercial-industrial land for sale in Las Vegas.
      5300 Ricky Rd, Las Vegas, NV 89130
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Property at Decatur & Lone

      New construction retail property with high visibility, available Q4 2025.
      West Lone Mtn & North Decatur, Las Vegas, NV 89130
      View Details
    • $1.10 SF/Yr

      Renovated Retail and Warehouse Space

      Located at a busy intersection near North Las Vegas Airport.
      3231-3281 W Cheyenne Ave, Las Vegas, NV 89130
      View Details
    • $1.10 SF/Yr
      1,018 SF

      Efficient Office Suite For Rent

      Office suite featuring glass, reception, offices, and storage.
      3231-3281 N Decatur Blvd, Las Vegas, NV 89130
      View Details
    • Contact for pricing
      2,800 SF

      Retail Space Available For Rent

      Retail space available for lease in Las Vegas, Nevada.
      4458 N Rancho Dr, Las Vegas, NV 89130
      View Details
    • $1.10 SF/Yr

      Renovated Mixed-Use Property in Las Vegas

      Extensively renovated mixed-use property with retail, office, and warehouse spaces.
      3231-3281 W Cheyenne Ave, Las Vegas, NV 89130
      View Details
    • Contact for pricing
      3,000 SF

      Retail Space Available For Lease

      Retail space available for lease with street-facing exposure.
      4588 N Rancho Dr, Las Vegas, NV 89130
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3515 Rancho Dr
    Las Vegas, NV 89130
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    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
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry

    3515 Rancho Dr, Las Vegas, NV, 89130

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!