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

    355 Mesquite Blvd Mesquite, NV 89027

    • Strip malls
    • 13,910 SF
    • 4.65 lot acres
    For Lease
    View listing
    $15 SF/Yr
    Last Sale
    Feb 22, 2022
    $3,000,000
    Value Estimations
    $2,910,000
    Cap Rate Potential
    7.3%
    Strip malls
    Location Intelligence
    Property ID
    US62-0326484
    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.

    Current Use by Public Records

    • Food Distribution Center - Salvation Army / Food Bank
    • Food Distribution Center - Salvation Army (Las Vegas) / Food Bank
    • Sunrise Children Foundation WIC - Mesquite / Non-Profit Organization
    • Lisa Wilde - State Farm Insurance Agent / Insurance Agency / Auto Insurance Agency
    • Chicago Greek / Greek Restaurant / American Restaurant

    Property Details for 355 Mesquite Blvd

    Year built
    2000
    Construction
    FRAME
    Lot size
    4.65 lot acres
    Property size
    13,910 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    001-16-201-042
    APU
    116201042

    Description

    This exceptional retail strip center, Brickyard Mesquite, located at 355 W Mesquite Blvd, Mesquite, NV 89027, offers 43,277 square feet of space across six single-story buildings. The property sits on 4.65 acres of land and boasts 242 parking spaces, ensuring ample customer convenience. Currently, there are 19,554 square feet of vacant space available, divisible into units ranging from a minimum of 850 square feet to a maximum contiguous space of 6,440 square feet. Built in 2000, this well-maintained center enjoys a prominent location on Mesquite Boulevard, offering excellent signage opportunities. The property is zoned CR-2 and its APN is 001-16-201-042. The center is strategically positioned in a rapidly growing community, conveniently located 80 miles north of Las Vegas and 37 miles south of St. George, UT. Current tenants include a mix of professional retail and office businesses. The property benefits from low net-net-net (NNN) fees of only $0.37 per square foot per month. This presents a unique opportunity for businesses seeking high visibility and accessibility in a thriving market. The cross streets are Mesquite Blvd & Arrowhead.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,720,000
      ML approach
      $2,795,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,300,000
      6.5%
      $3,045,000
      7%
      $2,830,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,112,000
      Market price range: $433k - $2.11M

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

    Location Insight

    • Map
    • Local Demand
    City
    Mesquite
    County
    Clark
    State
    Nevada
    Longitude
    -114.074
    Latitude
    36.8045
    CBSA code
    29820
    CBSA name
    LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $59,704
    $328,239
    $2,255,456
    $2,583,695
    -
    $937,826
    $6,444,160
    $7,381,986

    Comparable in this City

    • Value Estimation
      $3,300,000
      14,685 SF

      330 Sandhill Blvd

      SHOPPING CENTER, STRIP CENTER • 14,685 SF
      330 Sandhill Blvd, Mesquite, NV 89027-4778
      View Details
    • Value Estimation
      $5,195,000
      34,032 SF

      1085 Pioneer Blvd

      SHOPPING CENTER, STRIP CENTER • 34,032 SF
      1085 Pioneer Blvd, Mesquite, NV 89027-8898
      View Details
    • Value Estimation
      $1,090,000
      7,065 SF

      50 Arrowhead Ln

      SHOPPING CENTER, STRIP CENTER • 7,065 SF
      50 Arrowhead Ln, Mesquite, NV 89027-6210
      View Details
    • Value Estimation
      $1,205,000
      6,713 SF

      1155 Pioneer Blvd

      SHOPPING CENTER, STRIP CENTER • 6,713 SF
      1155 Pioneer Blvd, Mesquite, NV 89027-8908
      View Details
    • Value Estimation
      $530,000
      3,825 SF

      41 Arrowhead Ln

      SHOPPING CENTER, STRIP CENTER • 3,825 SF
      41 Arrowhead Ln, Mesquite, NV 89027-5194
      View Details
    • Value Estimation
      $615,000
      3,660 SF

      360 Sandhill Blvd

      SHOPPING CENTER, STRIP CENTER • 3,660 SF
      360 Sandhill Blvd, Mesquite, NV 89027-4799
      View Details

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      Mesquite Retail Property with Restaurant

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      Retail Pad Site Opportunity

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    • $10,000,000
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      Mesquite, NV Development Land

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      View Details
    • $2,735,000
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    Similar Nearby for Lease

    • $15 SF/Yr
      43,277 SF

      Mesquite Blvd Retail Center

      Prime Mesquite retail space available.
      355 Mesquite Blvd, Mesquite, NV 89027
      View Details
    • $18 SF/Yr
      85,013 SF

      Bowler Plaza: Mesquite Retail Space

      Prime Mesquite retail, high traffic location.
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      View Details
    • Contact for pricing

      0.99 Acre Commercial Pad

      Commercial land available for ground lease or build to suit.
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      View Details
    • $48 SF/Yr
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      Commercial Land Ready For Lease

      High-traffic Mesquite land available for pre-lease build-to-suit.
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      View Details
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    Mesquite, NV 89027
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    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
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