Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    1291 Decatur Blvd Las Vegas, NV 89102

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1291 Decatur Blvd Las Vegas, NV 89102

    View on Map
    • Retail properties & Spaces
    • 214,127 SF
    • 23.26 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

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

    Property Details for 1291 Decatur Blvd

    Year built
    1993
    Lot size
    23.26 lot acres
    Property size
    214,127 SF
    Property type
    Retail properties & Spaces

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.204
    Latitude
    36.1569

    Comparable in this City

    • Value Estimation by Request

      3500 Spring Mountain Rd

      Retail properties & Spaces
      3500 Spring Mountain Rd, Las Vegas, NV 89102
      View Details
    • Value Estimation by Request
      31,840 SF

      2600 Sahara Ave

      Neighborhood centers • 31,840 SF
      2600 Sahara Ave, Las Vegas, NV 89102
      View Details
    • Value Estimation by Request

      200 Sahara Ave

      Office Units
      200 Sahara Ave, Las Vegas, NV 89102
      View Details
    • Value Estimation by Request
      13,360 SF

      2325 Western Ave

      Life science properties • 13,360 SF
      2325 Western Ave, Las Vegas, NV 89102
      View Details
    • Value Estimation by Request
      19,713 SF

      3160 Valley View Blvd

      Medical Office Space • 19,713 SF
      3160 Valley View Blvd, Las Vegas, NV 89102
      View Details
    • Value Estimation by Request
      5,500 SF

      1811 Charleston Blvd

      Lifestyle centers • 5,500 SF
      1811 Charleston Blvd, Las Vegas, NV 89102
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      25,460 SF

      Prime Las Vegas In-Fill Parcel

      4.07 acre mixed-use parcel in opportunity zone.
      3355 Procyon St, Las Vegas, NV 89102
      View Details
    • $1,383,000
      2,405 SF

      7-Eleven Retail Property For Sale

      NNN leased 7-Eleven in Las Vegas with high traffic.
      4380 W Desert Inn Rd, Las Vegas, NV 89102
      View Details
    • $14,500,000

      Entertainment Mixed-Use Opportunity Zone Property

      Prime location near Las Vegas Strip with entertainment licenses.
      3355 Procyon St, Las Vegas, NV 89102
      View Details
    • $14,500,000

      Entertainment Mixed-Use Opportunity Zone Property

      Prime location near Las Vegas Strip with existing licenses.
      3355 Procyon St, Las Vegas, NV 89102
      View Details
    • Contact for pricing
      21,000 SF

      Freestanding Retail Facility on Charleston

      Vacant retail space with showroom and fenced outdoor area.
      4101 W Charleston Blvd, Las Vegas, NV 89102
      View Details
    • $475,000
      1,295 SF

      Upgraded Strip-View High-Rise Residence

      High-rise residence with Strip views, dual suites, and modern upgrades.
      200 W Sahara Ave, Las Vegas, NV 89102
      View Details

    Similar Nearby for Lease

    • $16 SF/Yr
      27,165 SF

      Las Vegas Retail & Flex Space

      Prime location, various sizes available now.
      3111 S Valley View Blvd, Las Vegas, NV 89102
      View Details
    • Contact for pricing

      Prime Las Vegas Plaza Suites

      Two-story office complex near the Las Vegas Strip.
      3601 W Sahara Ave, Las Vegas, NV 89102
      View Details
    • Contact for pricing

      Renovated Building Available For Lease

      Newly renovated building available for lease.
      4000 W Sahara Ave, Las Vegas, NV 89102
      View Details
    • Contact for pricing

      Westland Fair Retail Space

      Retail spaces for lease in established Las Vegas shopping center.
      1291 S Decatur Blvd, Las Vegas, NV 89102
      View Details
    • Contact for pricing
      6,700 SF

      Retail Space Near High Traffic

      Retail space available near Walmart and Lowe's with high visibility.
      1120-1200 S Decatur Blvd, Las Vegas, NV 89102
      View Details
    • Contact for pricing

      Commerce Street Retail/Office Space

      First floor space available on Commerce Street in shell condition.
      1551 South Commerce St, Las Vegas, NV 89102
      View Details
    Request Owner's contact information
    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.
    1291 Decatur Blvd
    Las Vegas, NV 89102
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!