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    1291 Decatur Blvd Las Vegas, NV 89102

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    For Lease
    Contact for pricing

    Las Vegas Power Center, High Traffic

    Lot size:
    214,127 SF

    Property Features for 1291 Decatur Blvd

    General Information

    Property type
    Retail properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    214,127 SF
    Total Rate
    321190.5

    Building Details

    Year Built
    1993
    Buildings
    12
    Stories
    1

    Spaces For Lease

    at 1291 Decatur Blvd, Las Vegas, NV 89102 Contact us
    Unit 4575 Bldg. - #130

    $35 /Mo

    Size
    1,800 SF
    Contact us
    Unit 1291 Bldg., #180

    $36 /Mo

    Size
    1,400 SF
    Contact us
    Unit 1271

    $18 /Mo

    Size
    2,910 SF
    Contact us
    Unit 1291 Endcap

    $27 /Mo

    Size
    5,692 SF
    Contact us

    We can help!

    Listing Contact
    Lauren Tabeek
    Lauren Tabeek

    Listing Agency: Newmark | Las Vegas Listing Agent: Lauren Tabeek

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

    Learn more

    Overview

    Westland Fair is a 214,127 square foot retail center situated on 23.26 acres in Las Vegas, Nevada. Built in 1993, this single-story property comprises twelve buildings and is zoned C-1 (City of Las Vegas). Strategically located at 1291 S Decatur Blvd, at the busy intersection of Charleston Blvd. and Decatur Blvd. in the Central West submarket, it benefits from exceptional visibility and accessibility. Daily traffic counts surpass 77,100 vehicles. The center is anchored by Walmart and Lowe's, and boasts a diverse tenant mix including national brands such as PetSmart, Michaels, Smart & Final Extra, Boot Barn, Skechers, Norm's Diner, Raising Cane's, Freddy's Steakburgers, Panda Express, Little Caesars, T-Mobile, Jamba Juice, and Sally Beauty Supply, among others. Its location offers convenient access to major transportation arteries, being approximately two miles from I-15 and less than one mile from US-95. This established shopping center presents a compelling investment opportunity within a densely populated area of the Las Vegas Valley. The property's zip code is 89102.
    Property Profile Location Intelligence

    Current Use by Public Records

    E T Smoke ... (Bike/Boat/Book/etc) Store T-Mobile Mobile Phone Store Us Nails & Spa Nail Salon Edible Arrangements (Bike/Boat/Book/etc) Store GameStop Arcade & Gaming Center

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.20418679357
    Latitude
    36.15691908892

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    FAQs

    What type of property is this?
    Retail property - Las Vegas Power Center, High Traffic
    Where is this retail property located?
    The property is located at 1291 Decatur Blvd Las Vegas, NV.
    What is the lease rate?
    The lease rate is $18-$36 SF/Yr.
    What are key features of this property?
    This property features: 5,692 SF high-visibility endcap space with Decatur Blvd frontage.; Boot Barn Western Wear coming soon.; Norm's Diner now open.
    (702) 733-7500 Call to check price and availability
    Request Owner's contact information
    1291 Decatur Blvd Las Vegas, NV 89102
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    Las Vegas, NV 89102
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    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
    1291 Decatur Blvd Las Vegas, NV 89102
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    Contact for Pricing
    Please call us for current price
    and status of this listing Lauren Tabeek
    Lauren Tabeek
    Real Estate License ID: #S.74477
    (702) 733-7500 (702) 405-1707
    Learn more
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