6650 5Th StNorth Las Vegas, NV 89084

Property Details for 6650 5Th St

Year built

2007

Construction

CONCRETE

Lot size

7.39 AC

Property size (Sq ft)

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.

• CAP approach

  CAP return

  Valuation

  6%

  $34,448,088

  6.5%

  $31,798,236

  7%

  $29,526,932

• Comparable approach

  Method

  Valuation

  Relative Method

  $45,364,656

  Geo Method

  $45,364,656

• Alternative Use

  Use

  Valuation

  Residential

  $26,823,002

  Hospitality

  $24,569,724

  Educational

  $20,441,722

  Medical

  $21,144,744

  Retail

  $31,798,236

Location Insight

City

North Las Vegas

County

Clark

State

Nevada

Latitude

36.2812

Longitude

-115.133

CBSA code

29820

CBSA name

LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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