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    6310 Charleston Blvd Las Vegas, NV 89146-1128
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    Property profile & analytics

    6310 Charleston Blvd, Las Vegas, NV 89146-1128

    View on Map
    • Grocery and convenience stores
    • 39,708 SF
    • 4.31 lot acres
    Off-Market
    Property ID
    US62-0264524
    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
    $8,300,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Walmart Pet Services / Kennel & Boarding Facility
    • Walmart Neighborhood Market / Grocery & Convenience Store / Food Market
    • Walmart Pharmacy / Pharmacy
    • Minute Key / Locksmith / (Bike/Boat/Book/etc) Store
    • KeyExpress Locksmiths / Locksmith / (Bike/Boat/Book/etc) Store

    Property Details for 6310 Charleston Blvd

    Year built
    2006
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    4.31 lot acres
    Property type
    Grocery and convenience stores
    APN
    138-35-816-002
    APU
    13835816002

    Description

    This exceptional 0.47-acre commercial land parcel, located at 6310 E. Charleston Blvd in Las Vegas, Nevada (APN 140-34-810-033), presents a unique investment opportunity. Situated on a hard corner with excellent visibility at the intersection of E. Charleston Blvd. and Fogg St., this property boasts over 35,000 cars passing daily. Currently zoned C-G, it offers significant potential for various commercial ventures. The property is fully fenced and includes a current tenant paying $1,300 per month on a yearly lease renewal (December 31st). This provides immediate income while development plans are underway. The property's zoning permits a supper club with gaming, liquor, and restaurant licenses. Its convenient location offers proximity to major roadways, including Highway 515 (US Highway 93), the Las Vegas Strip, and Sunrise Hospital, as well as numerous schools, churches, and the Hollywood Regional Park with its aquatic and recreation center. All utilities are conveniently located nearby. This is an ideal opportunity to capitalize on a high-traffic location with existing income and significant development potential. The asking price is $660,000.

    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
    -115.232
    Latitude
    36.16
    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
    $52,382
    $887,090
    $1,294,218
    $2,181,308
    -
    $2,534,543
    $3,697,766
    $6,232,309

    Comparable in this City

    • Value Estimation
      $9,840,000
      56,866 SF

      6850 Spg Mtn Rd

      GROCERY, SUPERMARKET
      6850 Spg Mtn Rd, Las Vegas, NV 89146-8825
      View Details
    • Value Estimation by Request
      1,920 SF

      6100 Charleston Blvd, Unit A

      CONVENIENCE STORE
      6100 Charleston Blvd, Las Vegas, NV 89146-1127
      View Details
    • Value Estimation
      $1,300,000
      3,750 SF

      1100 Rainbow Blvd

      CONVENIENCE STORE
      1100 Rainbow Blvd, Las Vegas, NV 89146-1099
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    • Value Estimation
      $640,000
      2,705 SF

      6045 Sahara Ave

      CONVENIENCE STORE
      6045 Sahara Ave, Las Vegas, NV 89146-3153
      View Details
    • Value Estimation by Request
      1,917 SF

      6111 Sahara Ave

      CONVENIENCE STORE
      6111 Sahara Ave, Las Vegas, NV 89146-3030
      View Details
    • Value Estimation
      $570,000
      2,792 SF

      6075 Spg Mtn Rd

      CONVENIENCE STORE
      6075 Spg Mtn Rd, Las Vegas, NV 89146-8816
      View Details

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      Sublease opportunity in established Spring Valley trade area.
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      Retail Space in Busy Center

      Retail spaces available in a busy Las Vegas shopping center.
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      Retail space with high visibility on Rainbow Boulevard.
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    Las Vegas, NV 89146-1128
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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.

    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
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    6310 Charleston Blvd, Las Vegas, NV, 89146
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