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    6480 Losee Rd North Las Vegas, NV 89086-0107

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    6480 Losee Rd North Las Vegas, NV 89086-0107

    View on Map
    • Strip malls
    • 9,160 SF
    • 0.65 lot acres
    Off-Market
    Property ID
    US62-0545712
    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
    $1,340,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Aloha Donut / Bakery / Specialty Food Shop
    • Majestic Nail Lounge / Nail Salon
    • Pup in the tub / Pet Grooming Service

    Property Details for 6480 Losee Rd

    Year built
    2023
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.65 lot acres
    Property size
    9,160 SF
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    124-24-414-017
    APU
    12424414017

    Description

    Centennial Village presents a unique investment opportunity in the rapidly expanding North Las Vegas market. This Class A, 9,160 square foot retail center, built in 2023, boasts a prime location at the intersection of Centennial Parkway and Losee Road, enjoying high visibility and traffic counts exceeding 60,000 vehicles daily. The single-story building offers multiple tenancy options with a minimum divisible space of 1,365 square feet. The C-1 zoned property benefits from its proximity to the CC-215 Beltway, servicing over 10,000 new residential units in the Tule Springs community. Strong national tenants, including Sprouts Farmers Market, EoS Fitness, CVS Pharmacy, and others, anchor the center, attracting over 1.2 million annual visits. The center's location within a three-mile radius of over 32,000 households, with an average household income exceeding $95,000, contributes to a robust consumer spending total of over $1 billion. Surrounding development includes a new hospital-anchored medical campus and a new hotel and casino, further enhancing the area's growth potential. This exceptional property offers significant opportunities for businesses seeking exposure in a thriving market. The property features two highly visible pylon signs and ample street frontage. The address is 6480 Losee Rd, North Las Vegas, NV 89086, in Clark County.

    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
    North Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.116
    Latitude
    36.2778
    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
    $14,468
    $126,847
    $281,269
    $408,116
    -
    $362,420
    $803,626
    $1,166,046

    Comparable in this City

    • Value Estimation
      $1,175,000
      5,988 SF

      6412 Losee Rd

      SHOPPING CENTER, STRIP CENTER • 5,988 SF
      6412 Losee Rd, North Las Vegas, NV 89086-0100
      View Details
    • Value Estimation
      $1,975,000
      11,420 SF

      6462 Losee Rd

      SHOPPING CENTER, STRIP CENTER • 11,420 SF
      6462 Losee Rd, North Las Vegas, NV 89086-0103
      View Details
    • Value Estimation
      $6,120,000
      12,000 SF

      750 Dorrell Ln

      SHOPPING CENTER, STRIP CENTER • 12,000 SF
      750 Dorrell Ln, North Las Vegas, NV 89086-1013
      View Details
    • Value Estimation
      $1,400,000
      6,959 SF

      6540 Losee Rd

      SHOPPING CENTER, STRIP CENTER • 6,959 SF
      6540 Losee Rd, North Las Vegas, NV 89086-1002
      View Details
    • Value Estimation
      $8,105,000
      11,777 SF

      675 Dorrell Ln

      SHOPPING CENTER, STRIP CENTER • 11,777 SF
      675 Dorrell Ln, North Las Vegas, NV 89086-1003
      View Details
    • Value Estimation
      $4,570,000
      13,956 SF

      6424 Losee Rd

      SHOPPING CENTER, STRIP CENTER • 13,956 SF
      6424 Losee Rd, North Las Vegas, NV 89086-0101
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

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      Retail Space in Growing Community

      Kohl’s anchored shopping center with anchor, junior anchor, and shop space.
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      Grocery & Fitness Anchored Center

      New retail center with strong national tenants in high-growth area.
      6440 N Losee Rd, North Las Vegas, NV 89086
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    North Las Vegas, NV 89086-0107
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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.

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