Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    5247 Charleston Blvd Las Vegas, NV 89146

    • Lifestyle centers
    • 4,076 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lifestyle centers

    Property Details for 5247 Charleston Blvd

    Property size
    4,076 SF
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    This exceptional 4,076 square foot shopping center in Las Vegas, Nevada, is offered at $1,950,000 ($478.41/sq ft). Located at 5247 W Charleston Blvd, this single-story building boasts 100% occupancy since November 15, 2023, with a diverse tenant mix including Gyro Time Restaurant, Las Vegas Custom Cakes, Galaxy CPR, Merry Maids, a Brazilian Jiu-Jitsu studio, a Dominican Design Salon, and Emerald Lake Inc. The property features two units and benefits from a high-traffic location on W. Charleston Boulevard, a major east-west corridor averaging over 32,000 cars daily. The current lease is a NNN (Net, Net, Net) single-tenancy agreement with a 5.5-year term commencing November 15, 2023, and expiring May 31, 2029. Rent bumps are included in the lease. Two lease options are available. Pylon signage space is also available. This prime West Las Vegas location presents a strong investment opportunity within a heavily trafficked submarket. The property is situated in Clark County, Nevada, zip code 89146.

    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
    -115.213
    Latitude
    36.1587

    Comparable in this City

    • Value Estimation by Request

      5239-5247 Charleston Blvd

      Lifestyle centers
      5239-5247 Charleston Blvd, Las Vegas, NV 89146
      View Details
    • Value Estimation by Request

      5239 Charleston Blvd

      Lifestyle centers
      5239 Charleston Blvd, Las Vegas, NV 89146
      View Details
    • Value Estimation by Request
      3.74 Acres

      5191 Charleston Blvd

      Neighborhood centers • 3.74 Acres
      5191 Charleston Blvd, Las Vegas, NV 89146
      View Details
    • Value Estimation
      $2,020,000
      6,400 SF

      5085 Sahara Ave

      MINI-MALL • 6,400 SF
      5085 Sahara Ave, Las Vegas, NV 89146-3467
      View Details
    • Value Estimation
      $19,260,000
      62,678 SF

      5115 Spg Mtn Rd

      MINI-MALL • 62,678 SF
      5115 Spg Mtn Rd, Las Vegas, NV 89146-8717
      View Details
    • Value Estimation
      $12,345,000
      49,430 SF

      6322 Sahara Ave

      SHOPPING CENTER, STRIP CENTER • 49,430 SF
      6322 Sahara Ave, Las Vegas, NV 89146-3035
      View Details

    Similar Nearby for Sale

    • $2,500,000
      11,672 SF

      Las Vegas Medical Office Building

      Prime Medical Office, 11,672 SF, $2.5M
      6212 Charleston Blvd, Las Vegas, NV 89146
      View Details
    • $650,000

      Prime Vegas Commercial Land

      West Charleston Blvd. Investment Opportunity
      6204 Charleston Blvd, Las Vegas, NV 89146
      View Details
    • $249,000
      0.50 Acres

      Half Acre Lot Near Strip

      Half acre lot near the Las Vegas Strip for single-family.
      Edmond St, Las Vegas, NV 89146
      View Details
    • $245,000

      Half-Acre Land Near Las Vegas Strip

      Half-acre land near Chinatown and the Las Vegas Strip.
      5600 El Parque Ave, Las Vegas, NV 89146
      View Details
    • $495,000
      0.44 Acres

      Las Vegas Executive Office Building

      Prime Location, Vacant, 19,166 SF
      2830 Rainbow Blvd, Las Vegas, NV 89146
      View Details
    • $195,000
      1,073 SF

      Charming Condo Near Las Vegas Strip

      Two-bedroom, two-bathroom condo with three patios near the Las Vegas Strip.
      6137 W Oakey Blvd, Las Vegas, NV 89146
      View Details

    Similar Nearby for Lease

    • $10 SF/Yr
      4,810 SF

      Red Rock Plaza: Las Vegas Office Space

      Prime Las Vegas office & retail space. Multiple suites available.
      5191 Charleston Blvd, Las Vegas, NV 89146
      View Details
    • $380 /Mo
      150 SF

      Retail Space on Rainbow Boulevard

      Retail space with high visibility on Rainbow Boulevard.
      1750 S Rainbow Blvd, Las Vegas, NV 89146
      View Details
    • $2 SF/Yr
      1,300 SF

      Retail Space Near College

      Retail space for lease near College of Southern Nevada.
      6250 W Charleston Blvd, Las Vegas, NV 89146
      View Details
    • Contact for pricing
      27,000 SF

      High Visibility Retail Space Available

      27,000+ SF retail space on Rainbow Blvd for rent.
      2300 N Rainbow Blvd, Las Vegas, NV 89146
      View Details
    • $2.00 SF/Yr
      14,250 SF

      Rainbow Retail Center Space Available

      Retail spaces available in a busy Las Vegas retail corridor.
      1113-1139 S Rainbow Blvd, Las Vegas, NV 89146
      View Details
    • $35 SF/Yr
      2,800 SF

      Retail Space in Busy Center

      Retail spaces available in a busy Las Vegas shopping center.
      5181 W Charleston Blvd, Las Vegas, NV 89146
      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.
    5247 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.

    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.