Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    5641 Charleston Blvd Las Vegas, NV 89146

    Sponsored
    For Lease
    Contact for pricing

    Prime Las Vegas location, build-to-suit or ground lease.

    Lot size:
    32,670 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    399
    This exceptional 0.75-acre commercial land parcel is ideally situated at 5641 W Charleston Blvd in Las Vegas, Nevada, zip code 89146. The property offers a unique opportunity for build-to-suit development or a ground lease arrangement. Its strategic location on a major Las Vegas thoroughfare, W Charleston Blvd, ensures high visibility and accessibility, boasting an estimated daily traffic count exceeding 30,000 vehicles. This high traffic volume provides excellent exposure for any commercial venture. The property's proximity to key infrastructure and amenities further enhances its appeal. Within a two-mile radius, you'll find convenient access to US Highway 95 (future I-11 freeway), Meadows Mall, the Nevada State Museum, Arizona Charlies - Decatur, and the College of Southern Nevada. A variety of shopping centers are also located nearby, creating a vibrant and bustling commercial environment. This single-tenant property presents a compelling investment opportunity for businesses seeking a prominent location in a rapidly growing area of Las Vegas. The site is ready for development, offering significant potential for a wide range of commercial uses. Contact us today to learn more about this exceptional opportunity.

    Property Features for 5641 Charleston Blvd

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    32,670 SF

    Unit(s) available at that property

    Space
    Size
    32,670 SF

    HighLights

    • 0.75‑acre vacant land parcel in Las Vegas, NV.
    • Available for build‑to‑suit or ground lease.
    • High visibility location on W. Charleston Blvd with 30,000+ VPD.
    • Nearby amenities include Dollar Tree, Tap House, College of Southern Nevada, and Meadows Mall.
    Property Profile Location Intelligence

    Current Use by Public Records

    McDonald's Charleston BLVD Fast Food Restaurant

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.21887613728
    Latitude
    36.159073238277

    Nearby Similar for Lease

    • $3 SF/Yr
      2,180 SF

      High-Visibility Corner Retail Space

      Prime location for convenience store or fuel-retail business.
      2300 Western Ave, Las Vegas, NV 89102
      View Details
    • $1.20 SF/Yr
      27,603 SF

      Vibrant Retail Destination Near Strip

      Retail destination near the Strip with high visibility and traffic.
      4265 S Arville St, Las Vegas, NV 89103
      View Details
    • $1.40 SF/Yr
      13,293 SF

      Refrigerated Warehouse Space Available

      13,293 SF warehouse with office, freezers, and loading docks.
      6420 Cameron St, Las Vegas, NV 89118
      View Details
    • $1.75 SF/Yr
      2,626 SF

      Freestanding Strip Center on Boulder

      Leased strip center with laundromat and bar in Las Vegas.
      Las Vegas, NV 89121
      View Details
    • $19 SF/Yr
      16,920 SF

      Renovated Mixed-Use Project

      Newly renovated mixed-use project on 8.98 acres.
      6126-6150 W Lake Mead Blvd, Las Vegas, NV 89108
      View Details
    • $450 /Mo
      8,482 SF

      Modern Office Space in Las Vegas

      Premier office space with modern facilities in a prime location.
      5836 S Pecos Rd, Las Vegas, NV 89120
      View Details
    • $2 SF/Yr
      26,342 SF

      Equipped Restaurant Space in Plaza

      Fully equipped restaurant space in a bustling Southwest location.
      8090 S Durango Dr, Las Vegas, NV 89113
      View Details
    • $0.99 SF/Yr
      4,794 SF

      Downtown Las Vegas Office Buildings

      Two single-story office buildings in Downtown Las Vegas for lease.
      526 S 7Th St, Las Vegas, NV 89101
      View Details
    • $500 /Mo
      29,612 SF

      Modern Office Space in Las Vegas

      Premier commercial space with modern design and convenient location.
      2400-2402 N Tenaya Way, Las Vegas, NV 89128
      View Details
    • $2 SF/Yr
      15,897 SF

      Downtown Las Vegas Modern Office

      Modern office space in downtown Las Vegas with state-of-the-art amenities.
      700 S 3Rd St, Las Vegas, NV 89101
      View Details
    • $1.00 SF/Yr
      20,000 SF

      Renovated Office Building with Parking

      Two-story office building with ample parking and high visibility.
      3120 E Desert Inn Rd, Las Vegas, NV 89121
      View Details
    • $19 SF/Yr
      120,152 SF

      Renovated Mixed-Use Business Park

      Newly renovated office/retail park in central Las Vegas.
      6140-6150 W Lake Mead Blvd, Las Vegas, NV 89108
      View Details

    FAQs

    What type of property is this?
    Land - Prime Las Vegas location, build-to-suit or ground lease.
    Where is this land located?
    The property is located at 5641 Charleston Blvd Las Vegas, NV.
    What are key features of this property?
    This property features: 0.75-acre vacant land parcel in Las Vegas, NV.; Available for build-to-suit or ground lease.; High visibility location on W. Charleston Blvd with 30,000+ VPD.
    Request Owner's contact information
    5641 Charleston Blvd Las Vegas, NV 89146
    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.
    5641 Charleston Blvd
    Las Vegas, NV 89146
    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.

    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
    5641 Charleston Blvd Las Vegas, NV 89146
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.