Las Vegas, NV retail market
Las Vegas retail maintains tight vacancy near 5.0 percent, supported by steady population growth and resilient local consumer spending. Closed sales demonstrate a bifurcated market, with prime single-tenant assets trading above $900 per square foot while multi-tenant centers clear between $140 and $440 per square foot. Comps span the broader Las Vegas metropolitan area.
What's driving Retail prices in Las Vegas
Retail sale prices in the Las Vegas valley have held steady to modestly higher over the past 24 months.
- Tight vacancy around 5.0 percent sustaining landlord pricing power
- Higher debt costs widening cap rates for unanchored multi-tenant centers
- Strong 1031 exchange demand driving aggressive pricing for net-lease pads
Market intelligence
Tracking this market · 8 comps · 12-month median $267/SF · latest deal Apr 2026.
This quarter: 0 comps added to our corpus in Q4 2026. Trend medians use closed-deal dates from our growing comp corpus; automated estimates, not an appraisal.
Where these comps are
MomentumPins are geocoded from each comp's public address, so positions are approximate. Comps quoted at the submarket level aren't pinned. The shaded area is Las Vegas's municipal boundary, coloured to match the momentum read above.
Recent Retail comps in Las Vegas, NV
| Address | Date | Type | Size (SF) | Center Type | Anchor | Price / Rate | $/SF | Cap Rate | Tenancy | Year Built |
|---|---|---|---|---|---|---|---|---|---|---|
| 8671 W Charleston Blvd, Las Vegas, NV 89117 listing | Apr 2026 | Sale | 161978 | Community center | Kohl's | $38,600,000 | $238 | Multi-tenant, Kohl's and Walgreens anchored | 1997 | |
| 625 N Stephanie St, Henderson, NV 89014 news | Feb 2026 | Sale | 53306 | Power center | Hobby Lobby | $7,680,000 | $144 | Multi-tenant | 1997 | |
| 4701 W Sahara Ave, Las Vegas, NV 89102 news | Nov 2025 | Sale | 29960 | Strip center | Unanchored | $8,000,000 | $267 | Vacant | 1989 | |
| 1930 W Craig Rd, North Las Vegas, NV 89031 news | Oct 2025 | Sale | 2465 | Single-tenant NNN | California Fish Grill | $2,303,738 | $935 | 5.25% | Single-tenant NNN - California Fish Grill | 2024 |
| 4480 Paradise Rd, Las Vegas, NV 89169 news | Aug 2025 | Sale | 58727 | Neighborhood center | CVS Pharmacy | $46,350,000 | $789 | Multi-tenant, 89% occupied | 2005 | |
| 9200 W Sahara Ave, Las Vegas, NV 89117 news | Mar 2025 | Sale | 42630 | Neighborhood center | Ashley Furniture | $6,520,000 | $153 | Multi-tenant | 1996 | |
| 7975 Blue Diamond Rd, Las Vegas, NV 89178 news | Jan 2025 | Sale | 115037 | Neighborhood center | Albertsons | $50,300,000 | $437 | 6.3% | Multi-tenant, 98% occupied | 2016 |
| 171 N Gibson Rd, Henderson, NV 89014 estimate | Dec 2024 | Sale | 10523 | Strip center | Unanchored | $3,400,000 | $323 | Multi-tenant, local retail and service users | 2006 | |
| Median of 8 recent sales · $295/SF | $295 | |||||||||
No comps in this filter.
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Get a free, instant estimate from recent comps, with the source cited on every one.
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Figures are automated estimates derived from public listings, records, and brokerage announcements for Las Vegas, NV, not an appraisal or a broker opinion of value. Verify independently before relying on them. CompNinja connects owners with licensed local brokers; it is not a brokerage.