Former Sports Bar and Retail
For Sale
Contact for pricing
4636 Wynn Rd, Las Vegas, NV 89103
Former sports bar/tavern with conforming uses including office, industrial, retail, and public facilities.
Property Size12,240 SF
Price / SF$531.05
Days on Market179
Property Features for 4636 Wynn Rd
General Information
Standard status
Active
Size
12,240 SF
Property subtype
RETAIL
Listing Agency:
SVN | The Equity Group
(702) 369-4300
Listed By:
Al Barbagallo · License ##BS.20613
(702) 502-1592
Source:
Moodyscre
Added: Mar 17
Changed: Sep 6
Last Checked: Sep 10 at 11:17AM
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 SVN | The Equity Group
Investment Insights
Based on property information with market context.
This property is a commercial building with prior bar/tavern and sports bar use, and it is also described as having had adult uses. Conforming uses are listed as office, industrial, retail, or public facilities. The building totals 12,240 square feet.
Located at 4636 Wynn Rd in Las Vegas, the property is described as being close to the new A’s Ballpark. It is also noted as being 1.25 miles from T-Mobile Arena, home of the Vegas Golden Knights (NHL).
Located at 4636 Wynn Rd in Las Vegas, the property is described as being close to the new A’s Ballpark. It is also noted as being 1.25 miles from T-Mobile Arena, home of the Vegas Golden Knights (NHL).
Key Highlights
- Former bar/tavern/sports bar with former adult uses
- Conforming uses include office, industrial, retail, and public facilities
- Located about 1.25 miles from T‑Mobile Arena in Las Vegas
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
$296,061
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
4.55%
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%
$5,921,220
$5.9M
Cap Rate 7%
$4,229,443
$4.2M
Cap Rate 9%
$3,289,567
$3.3M
Market Conditions
NOI Build-Up for 12,240 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
$418.6K $34.20/SF
− Vacancy
−$23.9K −$1.95/SF
EGI
$394.7K $32.25/SF
− OpEx
−$98.7K −$8.06/SF
NOI
$296.1K $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%
$5,921,220
Cap Rate 7%
$4,229,443
Cap Rate 9%
$3,289,567
Alternative Uses
Best Use
Specialty Retail
$4.23M
$3.70M – $4.93M
NOI $296,061 @ 7.0% cap · market cap 4.55%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,030
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 89103, NV
49,461
Population
25,470
Households
1.9
Avg Household Size
39
Median Age
20%
College-Educated
83%
High-School Grad
6.5 sq mi
ZIP Area
7,609
Density / Sq Mi
$48,311
Median Household Income
$33,520
Median Earnings
$1,300
Median Rent
$273,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Las Vegas, NV
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Frequently Asked Questions
What type of property is this?
Bar & Pub - Former sports bar/tavern with conforming uses including office, industrial, retail, and public facilities.
Where is this bar & pub located?
The property is located at 4636 Wynn Rd Las Vegas, NV.
What is the asking price?
The asking price for this property is $6,500,000.
What are key features of this property?
This property features: Former bar/tavern/sports bar with former adult uses; Conforming uses include office, industrial, retail, and public facilities; Located about 1.25 miles from T‑Mobile Arena in Las Vegas
