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    1613-1619 Fremont St Las Vegas, NV 89101

    Sponsored
    For Sale
    $1,699,999

    High-Visibility Storefront, Excellent NOI

    Property size:
    5,260 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 5,260 square foot storefront retail property, located at 1613-1619 E Fremont St in Las Vegas, Nevada, presents a lucrative investment opportunity. Built in 1943 and extensively renovated in 2020, the single-story building sits on a 0.58-acre lot and boasts a strong net operating income (NOI) of $60,000 annually. The property is zoned T4-Z and comprises five individual units, currently generating approximately $5,000 in monthly income. Four of the five tenants are on month-to-month leases, offering flexibility for future development. The asking price is $1,699,999, translating to a price per square foot of $323.19. Its prime location on Fremont Street ensures high visibility and significant foot traffic, making it an ideal investment for discerning buyers seeking a strong return on investment in a vibrant and dynamic urban setting. This property offers a unique blend of established income and significant upside potential. The building's recent renovation ensures modern amenities and functionality, while its historical context adds to its unique character. This is a rare opportunity to acquire a well-performing retail property in a highly sought-after Las Vegas location.

    Property Features for 1613-1619 Fremont St

    General Information

    Property type
    Individual retail properties
    Square Feet
    5,260 SF
    Lot Size
    25,265 SF

    Building Details

    Year Built/Renovated
    1943/2020
    Buildings
    1
    Stories
    1
    Units
    5

    HighLights

    • $1,699,999 asking price for this 5,260 SF retail storefront.
    • Located at 1613‑1619 E Fremont St, Las Vegas, NV 89101.
    • Features five units, generating approximately $60,000 annual NOI.
    • Built in 1943, renovated in 2020, situated on a 0.58‑acre lot.
    • Broker co‑op available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Realty agency Spa & Massage Law Firm Hair Salon Dental Office Nail Salon Clothing Store Food Market Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.12756598102
    Latitude
    36.163633121404

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    FAQs

    What type of property is this?
    Individual retail property - High-Visibility Storefront, Excellent NOI
    Where is this individual retail property located?
    The property is located at 1613-1619 Fremont St Las Vegas, NV.
    What is the asking price?
    The asking price for this property is $1,699,999.
    What are key features of this property?
    This property features: $1,699,999 asking price for this 5,260 SF retail storefront.; Located at 1613-1619 E Fremont St, Las Vegas, NV 89101.; Features five units, generating approximately $60,000 annual NOI.
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    Realmo Value Estimation

    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.

    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.

    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
    1613-1619 Fremont St Las Vegas, NV 89101
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