Turnkey Full-Service Bar &
For Sale
$1,899,000
808 820 826 832 838 W Lake Mead Blvd., Las Vegas, NV 89106
Renovated restaurant/bar building with commercial kitchen, dining area, and open entertainment space at a major Westside intersection.
Property Size5,589 SF
Price / SF$339.77
Days on Market86
Property Features for 808 820 826 832 838 W Lake Mead Blvd.
General Information
Standard status
Active
Size
5,589 SF
Property subtype
Hospitality
Zoning
C-1
Additional Details
Highway Access
Yes
Building Details
Building Size
5,589 SF
Year Built
1964
Year Renovated
2020
Listing Agency:
SVN | The Equity Group
Listed By:
Paul Chaffee, CCIM · License #NV #BS.1000874.LLC
(702) 218-8404
Source:
Svn
Added: Jun 12
Changed: Aug 31
Last Checked: Sep 5 at 7:19AM
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 turnkey hospitality property consists of a 5,589 SF building originally built in 1964 and renovated in 2020. The space is fully improved with a full-service bar, commercial kitchen, dining area, and open entertainment space, designed for ready-to-operate hospitality concepts.
The property is located at the busy intersection of Lake Mead Blvd. and Revere St. on the Las Vegas Westside, surrounded by national retailers. It also provides direct access to the I-15 Freeway. The offering is zoned C-1.
Multiple street addresses are included (808, 820, 826, 832, and 838 W. Lake Mead Blvd.), making this a single, consolidated hospitality investment with an operating-oriented interior configuration.
The property is located at the busy intersection of Lake Mead Blvd. and Revere St. on the Las Vegas Westside, surrounded by national retailers. It also provides direct access to the I-15 Freeway. The offering is zoned C-1.
Multiple street addresses are included (808, 820, 826, 832, and 838 W. Lake Mead Blvd.), making this a single, consolidated hospitality investment with an operating-oriented interior configuration.
Key Highlights
- 5,589 SF restaurant/bar building built in 1964 and renovated in 2020
- Full‑service bar, commercial kitchen, dining area, and open entertainment space
- Zoned C‑1
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
$135,186
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
7.12%
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%
$2,703,720
$2.7M
Cap Rate 7%
$1,931,229
$1.9M
Cap Rate 9%
$1,502,067
$1.5M
Market Conditions
NOI Build-Up for 5,589 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
$191.1K $34.20/SF
− Vacancy
−$10.9K −$1.95/SF
EGI
$180.2K $32.25/SF
− OpEx
−$45.1K −$8.06/SF
NOI
$135.2K $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%
$2,703,720
Cap Rate 7%
$1,931,229
Cap Rate 9%
$1,502,067
Alternative Uses
Best Use
Specialty Retail
$1.93M
$1.69M – $2.25M
NOI $135,186 @ 7.0% cap · market cap 7.12%
Second Best
Industrial
$474.3K
$415.0K – $553.4K
NOI $33,201 @ 7.0% cap · market cap 1.75%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
761
Businesses Nearby
135k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 81%
Groceries 18%
Shops & Services 1%
McDonald's
Dining
32,683 visits/mo
0.4 miles
Jack in the Box
Dining
19,355 visits/mo
0.4 miles
Starbucks
Dining
17,191 visits/mo
0.4 miles
Panda Express
Dining
14,744 visits/mo
0.3 miles
Dollar General Market
Groceries
13,343 visits/mo
0.5 miles
Demographics for 89106, NV
27,695
Population
10,906
Households
2.5
Avg Household Size
33
Median Age
11%
College-Educated
73%
High-School Grad
5.1 sq mi
ZIP Area
5,430
Density / Sq Mi
$38,848
Median Household Income
$31,265
Median Earnings
$1,169
Median Rent
$263,100
Median Home Value
Market
Vacancy Rate% for Retail in Las Vegas, NV
Questions? Ask Rey
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- Jam Down Hookah Lounge — 1012 W Owens Ave, Las Vegas, NV 89106
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Frequently Asked Questions
What type of property is this?
Bar & Pub - Renovated restaurant/bar building with commercial kitchen, dining area, and open entertainment space at a major Westside intersection.
Where is this bar & pub located?
The property is located at 808 820 826 832 838 W Lake Mead Blvd. Las Vegas, NV.
What is the asking price?
The asking price for this property is $1,899,000.
What are key features of this property?
This property features: 5,589 SF restaurant/bar building built in 1964 and renovated in 2020; Full‑service bar, commercial kitchen, dining area, and open entertainment space; Zoned C‑1
