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Property profile & analytics
OFF-MARKET Estimated value $715,000
Grocery and convenience stores

901 Rancho Dr Las Vegas, NV 89106-1042

2,400 SF 0.41 ac lot Built 1981
Entity Owned 22-yr Hold Free & Clear
Property ID
US62-0200822
Property summary
AI-generated overview

This exceptional retail property, located at 901 S Rancho Drive in Las Vegas, Nevada (zip code 89106), offers 22,729 square feet of versatile space. Currently featuring multiple tenancies, the center boasts 11 suites, with 8,011 square feet currently vacant, offering a minimum divisible space of 800 square feet. The property's prime location at the intersection of Charleston and Rancho Drives ensures high visibility and accessibility. Its T-5 zoning allows for a variety of uses, including retail, office, and medical. The center benefits from strong anchor tenants, including Bank of America and Walgreens Specialty Pharmacy, attracting a significant daytime business population. Situated near a historic residential district and a thriving medical district, with proximity to UMC and Valley Hospitals, this location offers unparalleled convenience and access to a diverse customer base. The property's Asset Parcel Number (APN) is 13932804001. This is an excellent opportunity for businesses seeking a well-established and highly visible location in a rapidly growing area of Las Vegas. The property's strategic positioning and strong tenant mix make it an ideal investment for long-term growth and profitability. Don't miss this chance to secure your space in this vibrant and dynamic retail center.

Property profile
Verified
Property type Grocery and convenience stores
Use group CONVENIENCE STORE
Year built 1981
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 2,400 SF
Lot 0.41 ac (17,860 SF)
APN 139-29-213-027
UPID US62-0200822
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
  • Jackson Hewitt Tax Service Accounting Firm Tax Preparation
  • A 501 S Rancho Drive Law Firm
  • Bank of America Financial Center Financial Advisor
  • Spring mountain rd Hotel & Motel
  • Styles by Li Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$895k
Comparable Approach Comparable
by Request
Blend (final) Blend
$715k
Owner & transaction history
Lee Vegas LLC · 22 yrs held
Lee Vegas LLC
since 2004
3 recorded transactions
2004
Price N/A
2002
$585,000
2000
$575,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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