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    6650 Cheyenne Ave Las Vegas, NV 89108-4931
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    Property profile & analytics

    6650 Cheyenne Ave, Las Vegas, NV 89108-4931

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    • Grocery and convenience stores
    • 2,705 SF
    • 1.04 lot acres
    Off-Market
    Property ID
    US62-0382591
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Phantom Fireworks Stand / Discount Store / Party Supply Store
    • Extra Solar Energy / Corporate Office
    • Western Union / Bank / Credit Union
    • Chevron Las Vegas / Gas Station
    • Terrible Herbst Convenience Store / Grocery & Convenience Store

    Property Details for 6650 Cheyenne Ave

    Year built
    1989
    Construction
    FRAME
    Lot size
    1.04 lot acres
    Property type
    Grocery and convenience stores
    APN
    138-11-406-011
    APU
    13811406011

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 17, 2025 — Car Spa Th Holding LLC — Deed · related $1.6M · Capital One NA
    Dec 22, 2017 — E-t-t Service Stations LLC — Grant Deed · related $187.7M · Western Alliance Bk
    Oct 16, 2015 $609,871 E T T Service Stations LLC Terrible Herbst INC Bargain And Sale Deed —
    Jan 3, 1989 $150,000 Terrible Herbst INC Unknown Grant Deed —
    — — Terrible Herbst INC — Deed Of Trust · related —
    — — Terrible Herbst INC — Deed Of Trust · related $33.7M · Nevada State Bank
    — — Terrible Herst INC — Deed Of Trust · related $13.5M · Nevada State Bank

    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
    -115.24
    Latitude
    36.2183
    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
    $9,782
    $166,485
    $165,524
    $332,009
    -
    $475,671
    $472,926
    $948,597

    Comparable in this City

    • Value Estimation
      $7,450,000
      52,800 SF

      6000 Cheyenne Ave

      GROCERY, SUPERMARKET
      6000 Cheyenne Ave, Las Vegas, NV 89108-4239
      View Details
    • Value Estimation
      $1,750,000
      2,946 SF

      2390 Decatur Blvd

      CONVENIENCE STORE
      2390 Decatur Blvd, Las Vegas, NV 89108-2906
      View Details
    • Value Estimation by Request
      2,832 SF

      5400 Vegas Dr

      CONVENIENCE STORE
      5400 Vegas Dr, Las Vegas, NV 89108-2403
      View Details
    • Value Estimation by Request
      3,160 SF

      4701 Lk Mead Blvd

      CONVENIENCE STORE
      4701 Lk Mead Blvd, Las Vegas, NV 89108-2830
      View Details
    • Value Estimation by Request
      2,803 SF

      2160 Rainbow Blvd

      CONVENIENCE STORE
      2160 Rainbow Blvd, Las Vegas, NV 89108-7365
      View Details
    • Value Estimation
      $535,000
      3,262 SF

      4401 Rainbow Blvd

      CONVENIENCE STORE
      4401 Rainbow Blvd, Las Vegas, NV 89108-5711
      View Details

    Similar Nearby for Sale

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      Commercial Pad Sites Available

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      Retail Pad Opportunity on Rainbow

      Retail pad available for lease or sale on Rainbow Blvd.
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      Commercial Corner Lot For Sale

      0.53 acre corner lot zoned C-1 for commercial use.
      2200 N Decatur Blvd, Las Vegas, NV 89108
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    • $550,000

      Corner Land Parcel For Sale

      Approximately 1.05 AC land parcel suitable for various commercial uses.
      6005 W Gowan Rd, Las Vegas, NV 89108
      View Details
    • $769,000
      3,952 SF

      Las Vegas Fourplex with Upside

      Well-maintained fourplex in Las Vegas with steady rental appeal.
      6217 Yerba Ln, Las Vegas, NV 89108
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,188 SF

      Retail Space For Lease

      Retail space available for lease.
      1903-1929 N Decatur Blvd, Las Vegas, NV 89108
      View Details
    • Contact for pricing
      10,500 SF

      Las Vegas Retail Space Available

      Retail space available for lease in Las Vegas, Nevada.
      2301-2303 N Rainbow Blvd, Las Vegas, NV 89108
      View Details
    • Contact for pricing
      4,800 SF

      Retail Space on Rainbow Boulevard

      4,800 square feet of retail space available for rent.
      3223 N Rainbow Blvd, Las Vegas, NV 89108
      View Details
    • Contact for pricing
      1,927 SF

      Retail Space For Lease

      Retail space available for lease in Las Vegas, Nevada.
      1967-1981 N Decatur Blvd, Las Vegas, NV 89108
      View Details
    • $1.00 SF/Yr

      End Cap Retail Suite Available

      Highly visible end cap suite with showroom, offices, and storage.
      1701 N Decatur Blvd, Las Vegas, NV 89108
      View Details
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    6650 Cheyenne Ave
    Las Vegas, NV 89108-4931
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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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    6650 Cheyenne Ave, Las Vegas, NV, 89108
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