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    7668 W Lake Mead Blvd Las Vegas, NV 89128
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    Property profile & analytics

    7668 W Lake Mead Blvd Las Vegas, NV 89128

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    • Strip malls
    • 7,840 SF
    • 1.09 lot acres
    For Lease
    $2 SF/Yr
    View Listing →
    Equipped Restaurant Space For Sublease For Lease
    $2 SF/Yr
    12,180 SF

    Equipped Restaurant Space For Sublease

    Rare, fully equipped 2nd-generation restaurant space in Summergate Centre.

    7668 W Lake Mead Blvd, Las Vegas, NV 89128
    View Listing
    Property ID
    US62-0275606
    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

    • G.O.A.T. Pickleball / (Bike/Boat/Book/etc) Store
    • Island Flavor / Restaurant
    • Lighthouse Financial Group / Loan Service
    • Honey's Grooming Shack / Pet Grooming Service
    • Mom & Pop's Drycleaning / (Bike/Boat/Book/etc) Store

    Property Details for 7668 W Lake Mead Blvd

    Year built
    1999
    Construction
    FRAME
    Lot size
    1.09 lot acres
    Property size
    7,840 SF
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    138-21-622-008
    APU
    13821622008

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $2,930,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.262
    Latitude
    36.1968
    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
    $22,249
    $299,124
    $478,592
    $777,716
    -
    $854,640
    $1,367,406
    $2,222,046

    Comparable in this City

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      $23,880,000
      22,302 SF

      7175 Lk Mead Blvd

      SHOPPING CENTER, STRIP CENTER • 22,302 SF
      7175 Lk Mead Blvd, Las Vegas, NV 89128-1302
      View Details
    • Value Estimation
      $695,000
      3,840 SF

      2620 Regatta Dr Ste, Unit 121

      SHOPPING CENTER, STRIP CENTER • 3,840 SF
      2620 Regatta Dr Ste, Las Vegas, NV 89128-6891
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    • Value Estimation
      $6,825,000
      9,086 SF

      7591 Washington Ave Ste, Unit 110

      SHOPPING CENTER, STRIP CENTER • 9,086 SF
      7591 Washington Ave Ste, Las Vegas, NV 89128-4342
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    • Value Estimation
      $1,170,000
      6,201 SF

      1700 Buffalo Dr Ste, Unit 101

      SHOPPING CENTER, STRIP CENTER • 6,201 SF
      1700 Buffalo Dr Ste, Las Vegas, NV 89128-2677
      View Details
    • Value Estimation
      $3,705,000
      23,024 SF

      2620 Regatta Dr Ste, Unit 205

      SHOPPING CENTER, STRIP CENTER • 23,024 SF
      2620 Regatta Dr Ste, Las Vegas, NV 89128-6895
      View Details
    • Value Estimation
      $6,615,000
      28,970 SF

      1780 Buffalo Dr Ste, Unit 107

      SHOPPING CENTER, STRIP CENTER • 28,970 SF
      1780 Buffalo Dr Ste, Las Vegas, NV 89128-2675
      View Details

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      New Retail Space For Sale

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      Turnkey Office Building with Storage

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      Professional Office Space in Las Vegas

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      Professional Office Building For Lease

      Two-story office building with remodeled suites and ample parking.
      1333 N Buffalo Dr, Las Vegas, NV 89128
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      2,654 SF

      Las Vegas Office Space Available

      Office space available for rent in Las Vegas, Nevada.
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      Summerlin Condo with Modern Updates

      Updated 3-bedroom condo in gated Summerlin community with amenities.
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    Similar Nearby for Lease

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      Neighborhood Retail Center For Lease

      Busy retail center with strong co-tenants in affluent area.
      8401 W Lake Mead Blvd, Las Vegas, NV 89128
      View Details
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      Anchored Shopping Center on Lake Mead

      High-traffic shopping center with strong demographics and daily needs operators.
      7501-7591 West Lake Mead Blvd, Las Vegas, NV 89128
      View Details
    • Contact for pricing

      Anchored Shopping Center on Lake Mead

      Retail spaces available in a busy, anchored shopping center.
      7290 W Lake Mead Blvd, Las Vegas, NV 89128
      View Details
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      Retail Center on Lake Mead

      Neighborhood retail center with strong demographics and high visibility.
      8401-8475 W Lake Mead Blvd, Las Vegas, NV 89128
      View Details
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      Retail Space in Sea Breeze

      Retail space anchored by Albertsons in affluent Summerlin adjacent area.
      1750 N Buffalo Dr, Las Vegas, NV 89128
      View Details
    • Contact for pricing
      1,776 SF

      Retail Space Available For Lease

      Retail space available for lease in Las Vegas, Nevada.
      2656 N Buffalo Dr, Las Vegas, NV 89128
      View Details
    View Listing
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    Las Vegas, NV 89128
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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.

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