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    Property profile & analytics

    8751 Charleston Blvd Las Vegas, NV 89117

    • Specialty properties
    • 73,361 SF
    • 8.40 lot acres
    For Lease
    View listing
    $19 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Billions Beauty Bar / Day Spa / Medical Spa
    • Scott Michael Ltd / Attorney
    • Face Enchantress / Beauty Salon
    • Hair by Millette at Body Spa West / Hair Salon
    • Lady Boss Lash Extensions / Beauty Salon

    Property Details for 8751 Charleston Blvd

    Year built
    2001
    Lot size
    8.40 lot acres
    Property size
    73,361 SF
    Property type
    Specialty properties
    Property subtype
    Retail properties

    Description

    Barcelone Plaza, located at 8751 W Charleston Blvd, Las Vegas, NV 89117, offers exceptional office space in the desirable Central Summerlin submarket. This Class B, 73,361 square foot building, constructed in 2001, features a single, two-story structure situated on 8.4 acres of land. The property is zoned C-1 City of Las Vegas and boasts a convenient location near major retail centers including Boca Park, Tivoli Village, and the Collection at Rampart. Currently, there are multiple tenancy options available, ranging from 3,248 to 6,684 contiguous square feet of vacant space. The available units are located on the second floor and offer stunning valley views. Building amenities include elevators, stair access, and a covered walkway. Ceiling heights range from 10 to 12 feet. The property's address is easily accessible via Merialdo Lane. This versatile space is suitable for various office uses, including traditional, executive, coworking, medical, and creative office setups. The property's prime location and flexible space options make it an ideal choice for businesses seeking a prominent presence in the thriving Summerlin area. The APN is 16305502001.

    Value Estimations

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.286
    Latitude
    36.1576

    Comparable in this City

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      30,224 SF

      1151 Buffalo Dr

      Neighborhood centers • 30,224 SF
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    • Value Estimation
      $350,000
      2,936 SF

      7510 Sahara Ave

      DENTAL BUILDING • 2,936 SF
      7510 Sahara Ave, Las Vegas, NV 89117-2742
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    • Value Estimation
      $270,000
      3,248 SF

      7219 Sahara Ave

      DENTAL BUILDING • 3,248 SF
      7219 Sahara Ave, Las Vegas, NV 89117-2870
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    • Value Estimation by Request
      8,585 SF

      8704 Charleston Blvd

      MEDICAL BUILDING • 8,585 SF
      8704 Charleston Blvd, Las Vegas, NV 89117-5479
      View Details
    • Value Estimation by Request
      35,269 SF

      9499 Charleston Blvd Ste, Unit 105

      MEDICAL BUILDING • 35,269 SF
      9499 Charleston Blvd Ste, Las Vegas, NV 89117-7147
      View Details

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    Similar Nearby for Lease

    • $19 SF/Yr
      73,361 SF

      Barcelone Plaza Office Suites

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      8751 Charleston Blvd, Las Vegas, NV 89117
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      Las Vegas Office Space for Lease

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    • Contact for pricing
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      Office Space on Sahara Avenue

      Office space available for lease on West Sahara Avenue.
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      Office Space in The Pines

      Office spaces available in a well-located Las Vegas office park.
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      2,560 SF

      Office Space Available For Rent

      Office space available for rent at 9510 W Sahara Ave.
      9510 W Sahara Ave, Las Vegas, NV 89117
      View Details
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    8751 Charleston Blvd
    Las Vegas, NV 89117
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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.

    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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