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

    Not Yet Assigned Las Vegas, NV 89104

    • Land
    • 0.31 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Not Yet Assigned

    Lot size
    0.31 lot acres
    Property type
    Land

    Description

    This exceptional ±0.31-acre parcel presents a unique investment opportunity in the vibrant Las Vegas MSA. Located on East Charleston Boulevard, this raw land boasts approximately 75 feet of frontage, offering significant development potential. The property is zoned Residential Single-Family 3.3 (RS3.3), providing flexibility for various residential projects. The advantageous location within the Las Vegas metropolitan area ensures high visibility and accessibility. The parcel includes two APNs: 161-05-510-038 and 161-05-510-012. This land is ideal for builders seeking a prime location to construct new residential units, capitalizing on the strong demand for housing in the area. The property's zoning also includes a Neighborhood Commercial Overlay, potentially opening doors to mixed-use development opportunities. This presents a rare chance to acquire a sizable lot in a rapidly growing area of Las Vegas, offering substantial returns for the discerning investor. The property's location on East Charleston Boulevard provides excellent visibility and convenient access to major transportation routes, further enhancing its appeal. Serious inquiries are encouraged to explore the full potential of this remarkable land offering. The zip code is 89104.

    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
    -115.069
    Latitude
    36.1589

    Comparable in this City

    • Value Estimation by Request
      10.51 Acres

      Las Vegas NV 89115 Marion Dr

      Land • 10.51 Acres
      Las Vegas NV 89115 Marion Dr, Las Vegas, NV 89104
      View Details
    • Value Estimation by Request
      1.51 Acres

      2401 Sandhill Rd

      Individual retail properties • 20,000 SF
      2401 Sandhill Rd, Sunrise Manor, NV 89104
      View Details
    • Value Estimation by Request
      0.55 Acres

      2124 Paradise Rd

      Land • 0.55 Acres
      2124 Paradise Rd, Las Vegas, NV 89104
      View Details
    • Value Estimation by Request
      30,358 SF

      600-620 Sahara Ave

      Land • 30,358 SF
      600-620 Sahara Ave, Las Vegas, NV 89104
      View Details
    • Value Estimation by Request
      1,200 SF

      600 Sahara Ave Suite 2

      Land • 1,200 SF
      600 Sahara Ave Suite 2, Las Vegas, NV 89104
      View Details
    • Value Estimation by Request
      0.56 Acres

      3400 Charleston Blvd

      Land • 0.56 Acres
      3400 Charleston Blvd, Las Vegas, NV 89104
      View Details

    Similar Nearby for Sale

    • $6,900,000
      30,358 SF

      Sahara Ave Commercial Investment Opportunity

      Prime Las Vegas Office & Land, 30,358 SF
      600-620 Sahara Ave, Las Vegas, NV 89104
      View Details
    • $370,000

      Two Lots on Sahara Avenue

      Two lots with potential for commercial zoning change.
      E Sahara Ave, Las Vegas, NV 89104
      View Details
    • $3,000,000
      0.55 Acres

      Prime Paradise Road Commercial Land

      0.55 Acres, Las Vegas, C-1 Zoning
      2124 Paradise Rd, Las Vegas, NV 89104
      View Details
    • $550,000
      0.56 Acres

      Charleston Blvd Commercial Land

      .56-Acre Commercial Lot, Owner Financing
      3400 Charleston Blvd, Las Vegas, NV 89104
      View Details
    • $11,282,000
      1.48 Acres

      56 Wells Street Office Space

      Prime Office Space: Versatile, All-Inclusive
      1700 Las Vegas Blvd, Las Vegas, NV 89104
      View Details
    • $195,000

      Upgraded Condo with Modern Amenities

      Recently upgraded 2-bedroom condo with community pool and gym.
      1405 S Nellis Blvd, Las Vegas, NV 89104
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Land on Main Thoroughfare

      1.95 acre land with great access and visibility.
      3151 Fremont St, Las Vegas, NV 89104
      View Details
    • $20,880
      1,200 SF

      Sahara Ave Retail Space For Sale

      Prime Retail Space, 1200 sq ft
      600 Sahara Ave Ste 2, Las Vegas, NV 89104
      View Details
    • $3,000,000

      Land Available For Lease

      Land available for lease at Paradise Rd, Las Vegas.
      2124-2128 Paradise Rd, Las Vegas, NV 89104
      View Details
    • $198,360
      6,612 SF

      Sahara Ave Retail Space For Sale

      Prime Retail Space, 6,612 sq ft
      600 Sahara Ave, Las Vegas, NV 89104
      View Details
    • $1,400 /Mo

      Furnished Studio Near Las Vegas Blvd

      Luxury studio with utilities included, near Las Vegas Blvd.
      522 E Saint Louis Ave, Las Vegas, NV 89104
      View Details
    • $1,395 /Mo

      Resort-Style Condo with Modern Amenities

      Elegant 2-bedroom condo in gated community with pool.
      1300 S Arlington St, Las Vegas, NV 89104
      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.
    Not Yet Assigned
    Las Vegas, NV 89104
    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.
    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.