Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1136 Decatur Blvd Las Vegas, NV 89102-5592
    Back to Search
    Property profile & analytics

    1136 Decatur Blvd, Las Vegas, NV 89102-5592

    View on Map
    • Community centers
    • 44,000 SF
    • 3.41 lot acres
    Off-Market
    Property ID
    US62-1246234
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $9,135,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Beauty Hair & Beyond, INC / (Bike/Boat/Book/etc) Store / Cosmetic Store
    • LV Beauty Supply 3 / (Bike/Boat/Book/etc) Store / Cosmetic Store
    • Galaxy Salon / Hair Salon / Nail Salon

    Property Details for 1136 Decatur Blvd

    Year built
    1974
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    3.41 lot acres
    Property type
    Community centers
    Property subtype
    Shopping centers
    APN
    162-06-111-001
    APU
    16206111001

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jan 20, 2005 — Southwestern Holdings LLC Shakiban,george & Stacy Grant Deed $4k · Sun Life Assurance Co
    Sep 14, 2004 $5,725 George Shakiban Hermes Associates Ltd Grant Deed —
    Oct 6, 1994 — Hermes Associates Ltd Hermes Associates Quit Claim Deed · related $3.2M · Provident Savings Bank
    — — Hhi Los Angeles LLC — Deed Of Trust · related $31.6M · California Bk&tr
    — — Hhi Los Angeles LLC — Deed Of Trust · related $31.6M · California Bk&tr

    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
    -115.207
    Latitude
    36.1582
    CBSA code
    29820
    CBSA name
    LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $52,185
    $883,813
    $885,566
    $1,769,379
    -
    $2,525,180
    $2,530,189
    $5,055,369

    Comparable in this City

    • Value Estimation by Request
      180,684 SF

      4726 Sahara Ave

      MINI-MALL
      4726 Sahara Ave, Las Vegas, NV 89102-3567
      View Details
    • Value Estimation
      $3,435,000
      14,580 SF

      3846 Sahara Ave

      MINI-MALL
      3846 Sahara Ave, Las Vegas, NV 89102-0505
      View Details
    • Value Estimation
      $25,385,000
      70,083 SF

      2520 Decatur Blvd

      MINI-MALL
      2520 Decatur Blvd, Las Vegas, NV 89102-8503
      View Details
    • Value Estimation by Request
      5,500 SF

      1811 Charleston Blvd

      Lifestyle centers
      1811 Charleston Blvd, Las Vegas, NV 89102
      View Details
    • Value Estimation by Request
      210,866 SF

      Charleston Blvd

      Lifestyle centers
      0 Charleston Blvd, Las Vegas, NV 89102
      View Details
    • Value Estimation
      $6,275,000
      26,928 SF

      4355 Spg Mtn Rd

      MINI-MALL
      4355 Spg Mtn Rd, Las Vegas, NV 89102-8786
      View Details

    Similar Nearby for Sale

    • $14,500,000

      Entertainment Mixed-Use Opportunity Zone Property

      Prime location near Las Vegas Strip with entertainment licenses.
      3355 Procyon St, Las Vegas, NV 89102
      View Details
    • Contact for pricing
      21,000 SF

      Freestanding Retail Facility on Charleston

      Vacant retail space with showroom and fenced outdoor area.
      4101 W Charleston Blvd, Las Vegas, NV 89102
      View Details
    • Contact for pricing
      3,000 SF

      Las Vegas Retail Investment Opportunity

      Retail space with lease in place and future upside.
      3013 W Sahara Ave, Las Vegas, NV 89102
      View Details
    • Contact for pricing
      2,405 SF

      7-Eleven Retail Property For Sale

      NNN leased 7-Eleven in Las Vegas with high traffic.
      4380 W Desert Inn Rd, Las Vegas, NV 89102
      View Details
    • $14,500,000

      Entertainment Mixed-Use Opportunity Zone Property

      Prime location near Las Vegas Strip with existing licenses.
      3355 Procyon St, Las Vegas, NV 89102
      View Details
    • Contact for pricing
      25,460 SF

      Prime Las Vegas In-Fill Parcel

      4.07 acre mixed-use parcel in opportunity zone.
      3355 Procyon St, Las Vegas, NV 89102
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Westland Fair Retail Space

      Retail spaces for lease in established Las Vegas shopping center.
      1291 S Decatur Blvd, Las Vegas, NV 89102
      View Details
    • Contact for pricing
      1,400 SF

      Las Vegas Retail Space Available

      Retail space for lease in busy Las Vegas shopping center.
      1251-1291 S Decatur Blvd, Las Vegas, NV 89102
      View Details
    • Contact for pricing

      Las Vegas Retail Center Space

      Retail space in Walmart and Lowe's anchored shopping center.
      4437 W Charleston Blvd, Las Vegas, NV 89102
      View Details
    • $0.11 SF/Yr
      105,683 SF

      Retail Space in Valley Oaks Plaza

      Retail and shopping center space for lease near The Strip.
      3846-3888 W Sahara Ave, Las Vegas, NV 89102
      View Details
    • Contact for pricing
      1,800 SF

      Retail Space in Power Center

      High-visibility retail space in busy, anchored shopping center.
      4559-4575 W Charleston Blvd, Las Vegas, NV 89102
      View Details
    • Contact for pricing

      Sahara Pavilion North Retail Space

      Prime retail location with high traffic and diverse tenants.
      4604-4798 W Sahara Ave, Las Vegas, NV 89102
      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.
    1136 Decatur Blvd
    Las Vegas, NV 89102-5592
    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

    Thank You for Inquiry
    1136 Decatur Blvd, Las Vegas, NV, 89102
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!