You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
Back to Search
Property profile & analytics
FOR LEASE
Grocery and convenience stores

450 N Nellis Blvd Las Vegas, NV 89110

72,204 SF 7.53 ac lot Built 1988
Entity Owned 4-yr Hold ~ Est. High Equity
Property ID
US62-0323639
Property summary
AI-generated overview

This exceptional Las Vegas retail center, Sunrise Market Place, offers 5 available spaces ranging from 1,500 to 25,161 square feet. Located at 450 N Nellis Blvd, at the corner of Stewart and Nellis, this Class B property boasts a total of 192,158 square feet across three single-story buildings. Built in 1988, the center benefits from a strong anchor tenant, Smith's Grocer, and SouthWest Medical, with many long-term tenants (over 30 years). The property is zoned CG and has a Clark County APN of 140-33-201-005. Its prime location within the Nellis trade area provides access to a substantial population base: over 200,000 people and 75,000 households reside within a 3-mile radius. The high concentration of medical tenants presents a unique opportunity for additional medical office spaces, enhancing patient convenience. This property offers a compelling investment opportunity in a thriving Las Vegas neighborhood. The center features multiple tenancies and no elevators.

Property profile
Verified
Property type Grocery and convenience stores
Use group GROCERY, SUPERMARKET
Year built 1988
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 72,204 SF
Lot 7.53 ac (328,007 SF)
APN 140-33-201-005
UPID US62-0323639
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
  • Coinstar Kiosk | Bitcoin ATM Atm Currency Exchange Service
  • U.S. Bank Branch Bank Loan Service
  • Primo Water Refill & Exchange Big Box & Wholesale Store
  • Redbox Cinema (Bike/Boat/Book/etc) Store
  • higi Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$30.85M
Blend (final) Blend
$32.00M
Owner & transaction history
Sunrise I LLC · 4 yrs held
Sunrise I LLC
since 2022
Last sale
$32.7M
7 recorded transactions
2022
Price N/A
2020
$32.7M
2018
Price N/A
2016
$29.3M
2006
Price N/A
2003
$17.5M
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $52.0M +92.8%
Commercial (general) $45.7M +69.2%
Auto repair, garage $40.1M +48.6%
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?”
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