Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    511 Las Vegas Blvd S Las Vegas, NV 89101

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $2 SF/Yr ($545 /Mo)

    Turn-key retail space suitable for various business concepts.

    Property size:
    2,618 SF
    Lot size:
    0.25 Acres

    Property Features for 511 Las Vegas Blvd S

    General Information

    Size
    2,618 SF
    Lot size
    0.25 Acres

    We can help!

    Listing Contact
    Rob Hatrak
    Source: Moodyscre

    Listing Agent: Rob Hatrak

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Remodeled Retail Space on Las Vegas Boulevard

    This 2,618 square foot retail space is located on Las Vegas Boulevard South. The space has been recently remodeled from top to bottom and includes two ADA compliant restrooms. It is turn-key ready for a replacement coffee shop or other users that do not require a hood. A grease trap interceptor is installed. The property offers great signage potential. Rent incentives are available for qualified applicants and leases, subject to conditions. The space is suitable for a wide range of concepts including a coffee shop, lounge, restaurant, or collaborative workspace. Existing beer taps and a grease trap are in place, which may simplify setup for food and beverage concepts. There is also potential for creative uses such as a "Genius Bar" setup to promote collaborative environments.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Restaurant Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Law Firm Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.143742
    Latitude
    36.163843

    Nearby Similar for Lease

    • $1.25 SF/Yr
      54,180 SF

      Downtown Las Vegas Office Building

      Multitenant office building near legal landmarks in Downtown Las Vegas.
      1100 East Bridger Ave, Las Vegas, NV 89101
      View Details
    • $2 SF/Yr
      12,180 SF

      Equipped Restaurant Space For Sublease

      Rare, fully equipped 2nd-generation restaurant space in Summergate Centre.
      7668 W Lake Mead Blvd, Las Vegas, NV 89128
      View Details
    • $1.80 SF/Yr
      29,250 SF

      Prime Retail/Office Location, Las Vegas

      Retail/office space in high-traffic Las Vegas corridor with strong demographics.
      8450 West Sahara Ave, Las Vegas, NV 89117
      View Details
    • $0.08 SF/Yr
      169,757 SF

      Renovated Flex Industrial Complex

      Flex and light industrial complex near the Las Vegas Strip.
      3859 S Valley View Blvd, Las Vegas, NV 89103
      View Details
    • $1.08 SF/Yr
      6,160 SF

      Multi-Tenant Office Center For Rent

      Two-story office building in the Resort Corridor submarket.
      1818 S Industrial Rd, Las Vegas, NV 89102
      View Details
    • $2 SF/Yr
      22,587 SF

      Retail/Office Space in Ashley Park

      Retail/office space in a high-traffic, Albertsons-anchored shopping center.
      4075 S Durango Dr, Las Vegas, NV 89147
      View Details
    • Contact for pricing
      391,319 SF

      Plaza Hotel Entertainment Space

      Large, flexible showroom space in the Plaza Hotel & Casino.
      1 S Main St, Las Vegas, NV 89101
      View Details
    • $3 SF/Yr
      2,180 SF

      High-Visibility Corner Retail Space

      Prime location for convenience store or fuel-retail business.
      2300 Western Ave, Las Vegas, NV 89102
      View Details
    • $1.20 SF/Yr
      27,603 SF

      Vibrant Retail Destination Near Strip

      Retail destination near the Strip with high visibility and traffic.
      4265 S Arville St, Las Vegas, NV 89103
      View Details
    • $1.25 SF/Yr
      51,700 SF

      Prime Retail Space on Tropicana Avenue

      High-visibility retail space with strong traffic and dense residential surroundings.
      2555 East Tropicana Ave, Las Vegas, NV 89121
      View Details
    • $2 SF/Yr
      13,480 SF

      Downtown Las Vegas Arts District Development

      Newly planned brewery campus and food hall in the Arts District.
      1505 S Casino Center Blvd, Las Vegas, NV 89104
      View Details
    • $1.40 SF/Yr
      13,293 SF

      Refrigerated Warehouse Space Available

      13,293 SF warehouse with office, freezers, and loading docks.
      6420 Cameron St, Las Vegas, NV 89118
      View Details

    FAQs

    What type of property is this?
    Retail space - Turn-key retail space suitable for various business concepts.
    Where is this retail space located?
    The property is located at 511 Las Vegas Blvd S Las Vegas, NV.
    What is the lease rate?
    The lease rate is $2 SF/Yr.
    What are key features of this property?
    This property features: - Recently completely remodeled from top to bottom.; - Turn-key ready for coffee shop or other users not requiring a hood.; - Grease trap interceptor is installed.
    (702) 826-0050
    Request Owner's contact information
    511 Las Vegas Blvd S Las Vegas, NV 89101
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    511 Las Vegas Blvd S
    Las Vegas, NV 89101
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    511 Las Vegas Blvd S Las Vegas, NV 89101
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Rob Hatrak
    (702) 826-0050
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.