4935 Charleston BlvdLas Vegas, NV 89104

Property Details for 4935 Charleston Blvd

Year built

1997

Construction

FRAME

Lot size

0.19 AC

Property size (Sq ft)

1,323 SF

Property type

Office properties

Property subtype

Office buildings

APN

161-05-510-019

APU

16105510019

Description

This exceptional 1,300 square foot automotive dealership building presents a compelling owner-user or investment opportunity in Las Vegas, Nevada. Located at 4935 E. Charleston Blvd., this single-story, 1997-built property sits on a 0.19-acre lot with Commercial General (CG) zoning. The building features five units, currently with 40% occupancy (two of five units leased on short-term agreements). This allows for immediate owner-occupancy of the remaining space or a value-add opportunity for investors to lease the vacant units. Boasting approximately 1100 feet of frontage on heavily trafficked E. Charleston Blvd., the property benefits from excellent visibility and high daily traffic counts (approximately 36,500 cars per day). The property also includes a small, secure yard for additional vehicle parking. The strategic location within a dense residential/retail area, approximately 1.4 miles from Interstate 11, provides access to a substantial population of approximately 227,849 residents within a three-mile radius, with an average household income of $79,243. The asking price is $704,000, representing a price per square foot of $542 and a 6.50% cap rate. This property offers significant potential for growth and income generation in a thriving Nevada market with no state income tax. The property's APN is 161-05-510-019.

• CAP approach

  CAP return

  Valuation

  6%

  $312,186

  6.5%

  $288,172

  7%

  $267,588

• Comparable approach

  Method

  Valuation

  Relative Method

  $265,063

  Geo Method

  $265,063

• Alternative Use

  Use

  Valuation

  Residential

  $357,333

  Hospitality

  $327,316

  Educational

  $272,323

  Medical

  $281,688

  Retail

  $423,613

Location Insight

City

Las Vegas

County

Clark

State

Nevada

Latitude

36.1587

Longitude

-115.067

CBSA code

29820

CBSA name

LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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