Back to Search
Property profile & analytics
FOR SALE
Commercial real estate
1859 N Decatur Blvd Las Vegas, NV 89108
Individually Owned
Absentee Owner
Free & Clear
Property ID
US62-0911164
For Sale
1 / 4
$799,900
1859 N Decatur Blvd, Las Vegas, NV 89108
View Listing →
Property summary
AI-generated overview
This exceptional investment opportunity presents a 20,000 square foot C-1 zoned commercial lot ideally suited for a quick-service restaurant (QSR) or similar business. Located at 1859 N Decatur Blvd, Las Vegas, NV 89108, in Clark County, this 0.46-acre parcel boasts a highly desirable commercial location. Built in 2009, the property offers significant potential for immediate development. The asking price is $799,900, translating to a competitive price per square foot of $40. The C-1 zoning allows for a wide range of commercial uses, making this a versatile and attractive investment. This property is priced for a quick sale and presents an excellent opportunity for investors seeking a strong return. The location within a busy commercial area of Las Vegas ensures high visibility and accessibility, crucial factors for any successful business. This is a rare chance to acquire a well-positioned commercial lot in a thriving Nevada market. Serious inquiries are encouraged.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2009
Construction
CONCRETE
Total area
4,000 SF
Lot
0.46 ac (20,038 SF)
APN
138-24-703-005
UPID
US62-0911164
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Real Estate California – Texas Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$420k
CAP Approach
CAP
$840k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$655k
Owner & transaction history
MICHAEL WOOD
MICHAEL WOOD
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Las Vegas submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Las Vegas submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$420,000
CAP Approach
CAP Return
Estimation
6%
$910,000
6.5%
$840,000
7%
$780,000
Blend value · Realmo final
$655k
Range $590k – $721k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$164 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$1,243
Tax year 2023
Assessed value
$66,033
Assessed 2024
Previous assessed
$65,737
+0.5% YoY
Effective rate
1.88%
On assessed value
Assessed land
$63,120
Assessed improvement
$2,913
Land market value
$180,343
Improvement market value
$8,323
Total market value
$188,666
Applied tax rate
125.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Sale
Year built
2009
Construction
CONCRETE
Heating
NONE
Stories
1
Total area
4,000 SF
Lot
0.46 ac (20,038 SF)
APN
138-24-703-005
UPID
US62-0911164
Jurisdiction
CLARK
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2009
Construction
CONCRETE
Heating
NONE
Stories
1
Lot
0.46 ac
Current owner
From public records · entity-resolved
MICHAEL WOOD
Individual
Free & Clear · 0 yrs held
Mailing address
16439 HOLLISTER STA, HOUSTON, TX 77066-1415
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
