Freestanding Mixed-Use Property with
For Sale
Contact for pricing
4516 W Charleston Blvd, Las Vegas, NV 89102
Standalone commercial building with CG-2 zoning and a privately owned billboard near Charleston Boulevard and Decatur Boulevard.
Property Size1,575 SF
Price / SF$371.43
Days on Market71
Property Features for 4516 W Charleston Blvd
General Information
Standard status
Active
Size
1,575 SF
Class
B
Total Parking Spaces
7
Property subtype
Retail, Office
Zoning
CG-2 (General Commercial)
Lease Type
NNN
Investment Type
Stabilized
Site & Location
Traffic Count
39,738 vehicles/day
Highway Access
Yes
Amenities
privately owned billboard
Building Details
Year Built
1959
Year Renovated
2026
Buildings
1
Stories
1
Units
7
Tenancy
Single
Listing Agency:
Modern Choice Realty
Listed By:
Mehrooz Misaghian · License #B.0146524LLC
Source:
Crexi
Added: Jun 22
Changed: Aug 29
Last Checked: Aug 29 at 6:58PM
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 Modern Choice Realty
Investment Insights
Based on property information with market context.
This freestanding mixed-use commercial property contains 1,575 square feet and was built in 1959. The building is supported by CG-2 (General Commercial) zoning and includes a privately owned billboard, providing an additional on-site advertising component. The property can accommodate office, retail, medical, or service-oriented commercial uses as described in the listing information.
Positioned near the signalized intersection of Charleston Boulevard and Decatur Boulevard, the site benefits from approximately 39,738 vehicles passing daily on Charleston Boulevard. Surrounding commercial destinations include Charleston Heights Shopping Center, Walmart, Lowe's, Smart & Final, Starbucks, Panda Express, banks, medical offices, and other established retailers. University Medical Center and the Las Vegas Medical District are less than one mile away, with Downtown Las Vegas, the Las Vegas Strip, Interstate 15, and US-95 also identified as nearby regional destinations.
Positioned near the signalized intersection of Charleston Boulevard and Decatur Boulevard, the site benefits from approximately 39,738 vehicles passing daily on Charleston Boulevard. Surrounding commercial destinations include Charleston Heights Shopping Center, Walmart, Lowe's, Smart & Final, Starbucks, Panda Express, banks, medical offices, and other established retailers. University Medical Center and the Las Vegas Medical District are less than one mile away, with Downtown Las Vegas, the Las Vegas Strip, Interstate 15, and US-95 also identified as nearby regional destinations.
Key Highlights
- 1,575‑square‑foot freestanding mixed‑use commercial property
- Privately owned billboard included with the property
- CG‑2 (General Commercial) zoning
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
$35,556
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
6.08%
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%
$711,120
$711.1K
Cap Rate 7%
$507,943
$507.9K
Cap Rate 9%
$395,067
$395.1K
Market Conditions
NOI Build-Up for 1,575 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
$53.9K $34.20/SF
− Vacancy
−$3.1K −$1.95/SF
EGI
$50.8K $32.25/SF
− OpEx
−$15.2K −$9.68/SF
NOI
$35.6K $22.58/SF
Area
Las Vegas, NV
Vacancy
5.70%
Lease Rate
$34.20 /SF/Yr
Expense Ratio
30.00%
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%
$711,120
Cap Rate 7%
$507,943
Cap Rate 9%
$395,067
Alternative Uses
Best Use
Retail
$507.9K
$444.5K – $592.6K
NOI $35,556 @ 7.0% cap · market cap 6.08%
Second Best
Office B
$346.3K
$303.0K – $404.0K
NOI $24,239 @ 7.0% cap · market cap 4.14%
Theoretical Best
Specialty Retail
$544.2K
$476.2K – $634.9K
NOI $38,096 @ 7.0% cap · market cap 6.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
39,738 VPD
Traffic count
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,572
Businesses Nearby
Explore this area
Business Placement
Demographics for 89102, NV
36,035
Population
16,964
Households
2.1
Avg Household Size
36
Median Age
18%
College-Educated
75%
High-School Grad
5.3 sq mi
ZIP Area
6,799
Density / Sq Mi
$48,518
Median Household Income
$30,703
Median Earnings
$1,206
Median Rent
$363,200
Median Home Value
Market
Vacancy Rate% for Office in Las Vegas, NV
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Standalone commercial building with CG-2 zoning and a privately owned billboard near Charleston Boulevard and Decatur Boulevard.
Where is this mixed-use property located?
The property is located at 4516 W Charleston Blvd Las Vegas, NV.
What is the asking price?
The asking price for this property is $585,000.
What are key features of this property?
This property features: 1,575‑square‑foot freestanding mixed‑use commercial property; Privately owned billboard included with the property; CG‑2 (General Commercial) zoning
