Freestanding Retail Building on Boulder
For Sale
Contact for pricing
5446 Boulder Hwy, Las Vegas, NV 89122
6,250 SF retail building on 0.83 acres for sale/lease.
Property Size6,350 SF
Lot Size0.83 Acres
Price / SF$346.46
Days on Market167
Property Features for 5446 Boulder Hwy
General Information
Standard status
Active
Size
6,350 SF
Lot size
0.83 Acres
Property subtype
Office, Retail
Investment Type
Redevelopment
Building Details
Year Built
2005
Buildings
1
Stories
1
Listing Agency:
LOGIC Commercial Real Estate
(702) 954-4154
Listed By:
Gil Villegas · License #0182234
Source:
Crexi
Added: Feb 24
Changed: Aug 8
Last Checked: Aug 7 at 4:15AM
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 LOGIC Commercial Real Estate
Investment Insights
Based on property information with market context.
This 6,250 square foot freestanding retail building is situated on 0.83 acres along Boulder Highway. The former bank branch includes an existing drive-thru. The property is located at the lighted intersection of Boulder Highway and E. Tropicana Avenue, benefiting from frontage and exposure to approximately 58,200 cars per day. The building is anchored by Albertsons and surrounded by national, regional, and local co-tenants, including Starbucks, Burger King, Del Taco, Planet Fitness, Panda Express, 7-Eleven, and Domino's Pizza. Pylon signage is available. The property is located in a trade area of approximately 389,720 residents within a 5-mile radius, with an average annual household income of $88,348. This asset is available for sale or lease.
Key Highlights
- High‑traffic location on Boulder Highway with approximately 58,200 cars per day.
- Freestanding 6,250 SF retail pad building on 0.83 acres.
- Dense, affluent trade area with approximately 389,720 residents within a 5‑mile radius. Average annual household income of $88,348.
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
$153,593
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
6.98%
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%
$3,071,860
$3.1M
Cap Rate 7%
$2,194,186
$2.2M
Cap Rate 9%
$1,706,589
$1.7M
Market Conditions
NOI Build-Up for 6,350 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
$217.2K $34.20/SF
− Vacancy
−$12.4K −$1.95/SF
EGI
$204.8K $32.25/SF
− OpEx
−$51.2K −$8.06/SF
NOI
$153.6K $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%
$3,071,860
Cap Rate 7%
$2,194,186
Cap Rate 9%
$1,706,589
Alternative Uses
Best Use
Specialty Retail
$2.19M
$1.92M – $2.56M
NOI $153,593 @ 7.0% cap · market cap 6.98%
Second Best
Retail
$2.05M
$1.79M – $2.39M
NOI $143,354 @ 7.0% cap · market cap 6.52%
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
525
Businesses Nearby
Explore this area
Business Placement
Demographics for 89122, NV
55,522
Population
22,033
Households
2.5
Avg Household Size
38
Median Age
17%
College-Educated
82%
High-School Grad
9.5 sq mi
ZIP Area
5,844
Density / Sq Mi
$60,357
Median Household Income
$35,095
Median Earnings
$1,379
Median Rent
$285,600
Median Home Value
Market
Vacancy Rate% for Retail in Las Vegas, NV
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Bank - 6,250 SF retail building on 0.83 acres for sale/lease.
Where is this bank located?
The property is located at 5446 Boulder Hwy Las Vegas, NV.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: High‑traffic location on Boulder Highway with approximately 58,200 cars per day.; Freestanding 6,250 SF retail pad building on 0.83 acres.; Dense, affluent trade area with approximately 389,720 residents within a 5‑mile radius. Average annual household income of $88,348.
