Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2877 Charleston Blvd Las Vegas, NV 89104

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Fully Leased, High-Income Property

    Property size:
    7,985 SF

    Property Features for 2877 Charleston Blvd

    General Information

    Property type
    Individual retail properties
    Square Feet
    7,985 SF
    Class
    B
    Lot Size
    32,670 SF

    Building Details

    Year Built
    2008
    Buildings
    1
    Stories
    1
    Units
    3

    We can help!

    Listing Contact
    Jeffrey Botsford
    Jeffrey Botsford

    Listing Agency: Berkshire Hathaway HomeServices Nevada Properties Las Vegas Listing Agent: Jeffrey Botsford

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional investment opportunity presents a fully leased, 7,985-square-foot retail building situated on a 0.75-acre lot at 2877 E Charleston Blvd in Las Vegas, NV 89104. The Class B property, built in 2008, boasts a strong tenant mix including 7-Eleven, Dotty's, Vegas Burrito, and Watermill Express, all operating under a triple-net (NNN) lease structure with annual rent escalations. The building features a convenient drive-thru and ample parking with 32 spaces. With 100% occupancy and three units, this multi-tenant property offers a stable income stream. The property is zoned CG Commercial General and benefits from high visibility on Charleston Boulevard, adjacent to a Lowe's shopping center. The asking price is $5,100,000, translating to $638.70 per square foot and $639 per square foot for land value. This prime retail location in Clark County provides a compelling investment opportunity with significant potential for long-term growth and return. The property features a single-story building.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Watermill Express Big Box & Wholesale Store ATM 7ELEVEN, INC. Atm Dairy Queen (Treat) Restaurant 7-Eleven Grocery & Convenience Store Western Union Bank

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.11154412086
    Latitude
    36.158500289573

    Nearby Similar for Sale

    • New
      $280,000
      0.06 Acres

      Outdoor Living Space in Las Vegas

      Outdoor kitchen, BBQ, fireplace, and TV niche in Las Vegas.
      8175 Arville St, Las Vegas, NV 89139
      View Details
    • New
      $550,000
      1,509 SF

      Las Vegas Condo with Strip Views

      19th-floor condo in Downtown Las Vegas with panoramic views.
      150 Las Vegas Blvd, Las Vegas, NV 89101
      View Details
    • $419,000
      Pending

      Turnberry Towers High-Rise Residence

      Modern, upgraded 814 SF residence near the Las Vegas Strip.
      222 Karen Ave, Las Vegas, NV 89109
      View Details
    • New
      $340,000
      1,534 SF

      Las Vegas Country Club Condo

      Condo in guard-gated community with golf course, city, mountain views.
      3111 Bel Air Dr, Las Vegas, NV 89109
      View Details
    • New
      $475,000
      1,856 SF

      Las Vegas High-Rise Condo

      Remodel-ready condo with mountain views in Las Vegas Country Club.
      3111 Bel Air Dr, Las Vegas, NV 89109
      View Details
    • $398,000
      814 SF

      Turnberry Towers High-Rise Condo

      Upgraded one-bedroom condo with views and resort-style amenities.
      222 Karen Ave, Las Vegas, NV 89109
      View Details
    • New
      $254,999
      520 SF

      Las Vegas High-Rise Condo

      Furnished Las Vegas condo with strip and pool views.
      135 E Harmon Ave, Las Vegas, NV 89109
      View Details
    • New
      $269,500
      520 SF

      Las Vegas High-Rise Residence

      Income-producing, fully furnished residence with resort amenities and prime location.
      145 E Harmon Ave, Las Vegas, NV 89109
      View Details
    • New
      $274,500
      520 SF

      Las Vegas High-Rise Residence

      Furnished Las Vegas high-rise with strip and pool views.
      145 E Harmon Ave, Las Vegas, NV 89109
      View Details
    • $699,000
      2,694 SF

      Renovated 4-Plex in Downtown Las Vegas

      Remodeled four-unit property near downtown Las Vegas with strong cashflow.
      1812 Lewis Ave, Las Vegas, NV 89101
      View Details
    • $1,200,000
      Pending

      Las Vegas High-Rise Residence

      Luxury one-bedroom condo on the Las Vegas Strip.
      3750 Las Vegas Blvd, Las Vegas, NV 89158
      View Details
    • $320,000
      520 SF

      Las Vegas High-Rise Condo

      Income-producing, fully furnished condo with amazing views and resort amenities.
      125 E Harmon Ave, Las Vegas, NV 89109
      View Details

    FAQs

    What type of property is this?
    Individual retail property - Fully Leased, High-Income Property
    Where is this individual retail property located?
    The property is located at 2877 Charleston Blvd Las Vegas, NV.
    What is the asking price?
    The asking price for this property is $5,100,000.
    (702) 362-8700 Call to check price and availability
    Request Owner's contact information
    2877 Charleston Blvd Las Vegas, NV 89104
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2877 Charleston Blvd
    Las Vegas, NV 89104
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2877 Charleston Blvd Las Vegas, NV 89104
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Jeffrey Botsford
    Jeffrey Botsford
    Real Estate License ID: S.0192723
    (702) 362-8700 (702) 217-9850
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!