Freestanding Retail Corner
For Sale
Contact for pricing
2784 East Charleston Boulevard, Las Vegas, NV 89101
Freestanding corner retail building with on-site parking and an open interior layout, positioned on a signalized intersection.
Property Size1,750 SF
Price / SF$442.86
Days on Market87
Property Features for 2784 East Charleston Boulevard
General Information
Standard status
Active
Size
1,750 SF
Total Parking Spaces
10
Property subtype
Retail, Office
Zoning
CG
Building Details
Year Built
1962
Year Renovated
2020
Buildings
1
Listing Agency:
LIFE Realty District
Listed By:
Rene Escontrias · License #144067
Source:
Crexi
Added: Jun 11
Changed: Aug 24
Last Checked: Sep 1 at 7:03AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of LIFE Realty District
Investment Insights
Based on property information with market context.
This freestanding retail building offers a flexible, open interior footprint well suited to storefront retail, a convenience store, or a boutique. The site includes on-site parking and sits on an accessible corner lot.
Located on a hard, signalized corner at East Charleston Boulevard, the property is positioned with high daily traffic counts exceeding 30,000 vehicles for strong daily visibility. The surrounding major lighted intersection includes high-profile anchors such as Lowe's, 7-Eleven, (formerly) Chase Bank, and Family Dollar.
The property is listed with CG (Commercial General) zoning, which permits a wide variety of business uses. The building totals 1,750 square feet, providing an adaptable space for a range of retail concepts.
Located on a hard, signalized corner at East Charleston Boulevard, the property is positioned with high daily traffic counts exceeding 30,000 vehicles for strong daily visibility. The surrounding major lighted intersection includes high-profile anchors such as Lowe's, 7-Eleven, (formerly) Chase Bank, and Family Dollar.
The property is listed with CG (Commercial General) zoning, which permits a wide variety of business uses. The building totals 1,750 square feet, providing an adaptable space for a range of retail concepts.
Key Highlights
- Freestanding corner retail building built in 1962
- 1,750 SF open interior footprint suitable for storefront retail, a convenience store, or a boutique
- Situated on a hard signalized corner with daily traffic counts exceeding 30,000 vehicles
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$42,329
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.46%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$846,580
$846.6K
Cap Rate 7%
$604,700
$604.7K
Cap Rate 9%
$470,322
$470.3K
Market Conditions
NOI Build-Up for 1,750 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$59.9K $34.20/SF
− Vacancy
−$3.4K −$1.95/SF
EGI
$56.4K $32.25/SF
− OpEx
−$14.1K −$8.06/SF
NOI
$42.3K $24.19/SF
Area
Las Vegas, NV
Vacancy
5.70%
Lease Rate
$34.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$846,580
Cap Rate 7%
$604,700
Cap Rate 9%
$470,322
Alternative Uses
Best Use
Specialty Retail
$604.7K
$529.1K – $705.5K
NOI $42,329 @ 7.0% cap · market cap 5.46%
Second Best
Retail
$564.4K
$493.8K – $658.5K
NOI $39,507 @ 7.0% cap · market cap 5.10%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,314
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 89101, NV
42,465
Population
18,258
Households
2.3
Avg Household Size
35
Median Age
11%
College-Educated
66%
High-School Grad
5.4 sq mi
ZIP Area
7,864
Density / Sq Mi
$38,653
Median Household Income
$29,471
Median Earnings
$1,008
Median Rent
$258,100
Median Home Value
Market
Vacancy Rate% for Retail in Las Vegas, NV
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Storefront property - Freestanding corner retail building with on-site parking and an open interior layout, positioned on a signalized intersection.
Where is this storefront property located?
The property is located at 2784 East Charleston Boulevard Las Vegas, NV.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: Freestanding corner retail building built in 1962; 1,750 SF open interior footprint suitable for storefront retail, a convenience store, or a boutique; Situated on a hard signalized corner with daily traffic counts exceeding 30,000 vehicles
