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    7501 Lake Mead Blvd Las Vegas, NV 89128

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    7501 Lake Mead Blvd Las Vegas, NV 89128

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    • Neighborhood centers
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • My Left Foot Children's Therapy / Physician
    • My Left Foot Children's Therapy - Summerlin North / Medical Clinic
    • James Fagiana: Allstate Insurance / Insurance Agency
    • TLC Computer Solutions / Computer & Electronic Repair
    • DMV Now Kiosk / Department Of Motor Vehicles

    Property Details for 7501 Lake Mead Blvd

    Property type
    Neighborhood centers
    Property subtype
    Retail properties & Spaces

    Description

    Summerlin Plaza, located at the southwest corner of Lake Mead Boulevard and Buffalo Drive in Las Vegas, Nevada, offers a prime retail opportunity. This 1,300 square foot space is part of a community retail center built in 1997, situated within the expansive 22,000-acre Summerlin master-planned community. The property boasts excellent visibility and accessibility, easily reached from Summerlin Parkway or I-95. The high-traffic location benefits from significant daily vehicle counts: 37,000 cars on Lake Mead Parkway and 30,000 on Buffalo Drive. This strip center, featuring a former restaurant and salon space, offers multiple tenancy options. The property is ideally positioned alongside established businesses including EOS, Starbucks, Zupas, Pink Box Doughnuts, Einstein Bros. Bagels, and AT&T, creating a synergistic retail environment. The available space presents a unique chance to establish or expand a business in a thriving and well-established commercial area of Las Vegas, zip code 89128. The address is 7501 W Lake Mead Blvd. This is a versatile space suitable for a variety of retail uses.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.258
    Latitude
    36.1946

    Comparable in this City

    • Value Estimation by Request

      7501 Lake Mead Blvd

      Lifestyle centers
      7501 Lake Mead Blvd, Las Vegas, NV 89128
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    • Value Estimation by Request
      900 SF

      2249 Rampart Blvd

      Neighborhood centers • 900 SF
      2249 Rampart Blvd, Las Vegas, NV 89128
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    • Value Estimation by Request
      12,172 SF

      7664 Lake Mead Blvd

      Individual retail properties • 12,172 SF
      7664 Lake Mead Blvd, Las Vegas, NV 89128
      View Details
    • Value Estimation
      $23,880,000
      22,302 SF

      7175 Lk Mead Blvd

      SHOPPING CENTER, STRIP CENTER • 22,302 SF
      7175 Lk Mead Blvd, Las Vegas, NV 89128-1302
      View Details
    • Value Estimation
      $695,000
      3,840 SF

      2620 Regatta Dr Ste, Unit 121

      SHOPPING CENTER, STRIP CENTER • 3,840 SF
      2620 Regatta Dr Ste, Las Vegas, NV 89128-6891
      View Details
    • Value Estimation
      $6,615,000
      28,970 SF

      1780 Buffalo Dr Ste, Unit 107

      SHOPPING CENTER, STRIP CENTER • 28,970 SF
      1780 Buffalo Dr Ste, Las Vegas, NV 89128-2675
      View Details

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      Las Vegas Office Space Available

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    Similar Nearby for Lease

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      Retail Center on Lake Mead

      Neighborhood retail center with strong demographics and high visibility.
      8401-8475 W Lake Mead Blvd, Las Vegas, NV 89128
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      Neighborhood Retail Center For Lease

      Busy retail center with strong co-tenants in affluent area.
      8401 W Lake Mead Blvd, Las Vegas, NV 89128
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      Anchored Shopping Center on Lake Mead

      Retail spaces available in a busy, anchored shopping center.
      7290 W Lake Mead Blvd, Las Vegas, NV 89128
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      Anchored Shopping Center on Lake Mead

      High-traffic shopping center with strong demographics and daily needs operators.
      7501-7591 West Lake Mead Blvd, Las Vegas, NV 89128
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      Retail Space in Sea Breeze

      Retail space anchored by Albertsons in affluent Summerlin adjacent area.
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      Retail Space in Las Vegas

      Retail space with high traffic and dense residential surroundings.
      8510 West Lake Mead Blvd, Las Vegas, NV 89128
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    7501 Lake Mead Blvd
    Las Vegas, NV 89128
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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
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