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

    6650 5Th St North Las Vegas, NV 89084

    • Outlet malls
    • 89,852 SF
    • 7.39 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US62-0384744
    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

    • SEPHORA at Kohl's / Cosmetics Store / Beauty Supply Store
    • Kohl's / Department Store

    Property Details for 6650 5Th St

    Year built
    2007
    Construction
    CONCRETE
    Lot size
    7.39 lot acres
    Property size
    89,852 SF
    Property type
    Outlet malls
    APN
    124-23-316-004
    APU
    12423316004

    Description

    Deer Springs Crossing, a Class A retail center in North Las Vegas, NV (89084), presents a unique investment opportunity. This 132,913 square foot, Kohl's-anchored power center is situated on a 19.94-acre lot (APN 124-23-316-010) at 6650 N 5th St, conveniently located off the 215 Beltway at the intersection of 5th St. & Deer Springs Way. The property is zoned C-2 (City of North Las Vegas) and offers spaces ranging from a minimum of 1,200 square feet to a maximum contiguous space of 80,000 square feet, perfect for a variety of tenants. Currently, the center boasts a strong tenant mix including Panda Express, Raising Cane's, Chipotle, Aspen Dental, Domino's Pizza, McDonald's, Sean Patrick's Pub, Express Wash, Subway, Discount Tire, and 7-Eleven. This thriving center is ideally positioned within the rapidly expanding Village at Tule Springs community, surrounded by new residential developments and schools, ensuring high foot traffic and strong consumer demand. The property is new construction and currently pre-leasing. This is an exceptional opportunity for grocers, home improvement stores, daily service providers, banks, restaurants, and family entertainment businesses seeking a high-visibility location in a booming market. Contact us today to learn more about this exciting development.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    North Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.133
    Latitude
    36.2812
    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
    $73,762
    $1,055,697
    $1,224,519
    $2,280,216
    -
    $3,016,277
    $3,498,626
    $6,514,903

    Comparable in this City

    • Value Estimation
      $24,940,000
      64,914 SF

      7020 5th St

      WHOLESALE OUTLET, DISCOUNT STORE • 64,914 SF
      7020 5th St, North Las Vegas, NV 89084-1333
      View Details
    • Value Estimation
      $11,250,000
      130,335 SF

      7090 5th St

      WHOLESALE OUTLET, DISCOUNT STORE • 130,335 SF
      7090 5th St, North Las Vegas, NV 89084-1333
      View Details
    • Value Estimation
      $885,000
      64,914 SF

      6980 5th St

      WHOLESALE OUTLET, DISCOUNT STORE • 64,914 SF
      6980 5th St, North Las Vegas, NV 89084-1351
      View Details
    • Value Estimation
      $690,000
      3,990 SF

      2830 Deer Spgs Way

      SHOPPING CENTER, STRIP CENTER • 3,990 SF
      2830 Deer Spgs Way, North Las Vegas, NV 89084-5827
      View Details
    • Value Estimation by Request
      4,153 SF

      6648 5th St

      SHOPPING CENTER, STRIP CENTER • 4,153 SF
      6648 5th St, North Las Vegas, NV 89084-1394
      View Details
    • Value Estimation
      $1,665,000
      17,087 SF

      6885 Aliante Pkwy

      SHOPPING CENTER, STRIP CENTER • 17,087 SF
      6885 Aliante Pkwy, North Las Vegas, NV 89084-5811
      View Details

    Similar Nearby for Lease

    • $27 SF/Yr
      2,411 SF

      Aliante Plaza Retail Space

      Grocery-anchored retail in North Las Vegas
      I-215 Beltway & Aliante Pkwy, North Las Vegas, NV 89084
      View Details
    • Contact for pricing
      17,400 SF

      Retail Space Near Tule Springs

      Retail property near new construction and major national tenants.
      N 5Th St, North Las Vegas, NV 89084
      View Details
    • $42 SF/Yr
      16,689 SF

      Aliante Pkwy Retail Center

      Prime North Las Vegas Retail Space
      7325 Aliante Pkwy, North Las Vegas, NV 89084
      View Details
    • Contact for pricing
      17,400 SF

      Retail Property Near Tule Springs

      Retail property adjacent to The Village at Tule Springs.
      N 5Th St, North Las Vegas, NV 89084
      View Details
    • $15 SF/Yr
      35,932 SF

      North Las Vegas Retail Space

      35,932 SF retail space with signage on 215 Beltway.
      7090-7120 N 5Th St, North Las Vegas, NV 89084
      View Details
    • Contact for pricing
      6,000 SF

      Retail Pad Available For Lease

      Retail property available for lease, ranging from 1,200-6,000 SF.
      340 E Deer Springs Way, North Las Vegas, NV 89084
      View Details
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    North Las Vegas, NV 89084
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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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