Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    3850 Leon Ave Las Vegas, NV 89130
    Back to Search
    Property profile & analytics

    3850 Leon Ave, Las Vegas, NV 89130

    View on Map
    • Flex space
    • 2,866 SF
    • 1.26 lot acres
    Off-Market
    Property ID
    US62-0350761
    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

    • Flex space

    Property Details for 3850 Leon Ave

    Lot size
    1.26 lot acres
    Property type
    Flex space

    Description

    This exceptional 2,866 square foot flex space in Las Vegas, Nevada, presents a unique investment opportunity. Situated on a 1.26-acre lot at 3850 Leon Ave, 89130, this property boasts a fully renovated (2020) building with modern offices equipped for high-speed technology and state-of-the-art security systems. The property includes ample storage and garage facilities, complemented by a secure paved yard ideal for service fleet vehicles or businesses requiring significant outdoor space. Zoned C2 General Commercial, this versatile property is suitable for a range of uses, including retail, office, or service-oriented businesses. Utilities include city electric, gas, and cable, along with a private well water source. The asking price is $1,500,000, representing a price per square foot of $523.38. Currently vacant, this turnkey property offers immediate occupancy. Its prime Northwest Las Vegas location provides easy access to major transportation routes and a thriving business community. This is a rare opportunity to acquire a fully functional and modern commercial property with a secure yard in a highly desirable area.

    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
    -115.22024416
    Latitude
    36.22927743

    Comparable in this City

    • Contact for pricing
      61,450 SF

      Anchored Shopping Center Opportunity

      Value-add shopping center with junior-anchor opportunity in Las Vegas.
      4810-4920 W Lone Mountain Rd, Las Vegas, NV 89130
      View Details
    • Contact for pricing
      36,407 SF

      Anchored Shopping Center For Sale

      Value-add shopping center with junior-anchor opportunity in north Las Vegas.
      3103-3149 N Rancho Dr, Las Vegas, NV 89130
      View Details
    • Contact for pricing
      11,270 SF

      Albertsons Anchored Retail Space

      Retail space in Albertsons anchored shopping center for lease.
      4830 W Craig Rd, Las Vegas, NV 89130
      View Details
    • Contact for pricing
      22,195 SF

      North West Las Vegas Office

      Well-maintained multitenant office building in a high-visibility location.
      3660 N Rancho Dr, Las Vegas, NV 89130
      View Details
    • Contact for pricing
      8,793 SF

      Las Vegas NNN Retail Investment

      NNN leased retail property with corporate guaranty and rental increases.
      5001 W Craig Rd, Las Vegas, NV 89130
      View Details
    • Contact for pricing

      Commercial Corner Land For Sale

      Prime commercial corner lot in Lone Mountain District.
      5620 N Jones Blvd, Las Vegas, NV 89130
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      61,450 SF

      Anchored Shopping Center Opportunity

      Value-add shopping center with junior-anchor opportunity in Las Vegas.
      4810-4920 W Lone Mountain Rd, Las Vegas, NV 89130
      View Details
    • Contact for pricing
      36,407 SF

      Anchored Shopping Center For Sale

      Value-add shopping center with junior-anchor opportunity in north Las Vegas.
      3103-3149 N Rancho Dr, Las Vegas, NV 89130
      View Details
    • Contact for pricing
      11,270 SF

      Albertsons Anchored Retail Space

      Retail space in Albertsons anchored shopping center for lease.
      4830 W Craig Rd, Las Vegas, NV 89130
      View Details
    • Contact for pricing
      22,195 SF

      North West Las Vegas Office

      Well-maintained multitenant office building in a high-visibility location.
      3660 N Rancho Dr, Las Vegas, NV 89130
      View Details
    • Contact for pricing
      8,793 SF

      Las Vegas NNN Retail Investment

      NNN leased retail property with corporate guaranty and rental increases.
      5001 W Craig Rd, Las Vegas, NV 89130
      View Details
    • Contact for pricing

      Commercial Corner Land For Sale

      Prime commercial corner lot in Lone Mountain District.
      5620 N Jones Blvd, Las Vegas, NV 89130
      View Details

    Similar Nearby for Lease

    • $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
    • $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
    • Contact for pricing

      Mixed-Use Center with Office, Retail, Industrial

      Renovated mixed-use center featuring office, retail, and industrial units.
      3231 N Decatur Blvd, Las Vegas, NV 89130
      View Details
    • Contact for pricing
      64,120 SF

      Industrial Space Available December 2025

      Industrial warehouse space available for lease in December 2025.
      6455 E Tropical Pkwy, 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
    • $1.25 SF/Yr
      4,476 SF

      Move-In-Ready Office Suites

      Move-in-ready office suites at a high-visibility hard corner with signage opportunity and strong daily-drive-by traffic.
      4343 North 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.
    3850 Leon Ave
    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
    3850 Leon Ave, 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!