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    8550 W Charleston Blvd Las Vegas, NV 89145
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    Property profile & analytics

    8550 W Charleston Blvd, Las Vegas, NV 89145

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    • Strip malls
    • 16,960 SF
    • 1.67 lot acres
    For Lease
    $2 SF/Yr
    View Listing →
    Retail Space in Summerlin Market For Lease
    $2 SF/Yr
    1,713 SF

    Retail Space in Summerlin Market

    Retail space with strong rental history and high traffic.

    8550 W Charleston Blvd, Las Vegas, NV
    View Listing
    Property ID
    US62-0405960
    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

    • LV Wedding Photography & Videography / Wedding Service / Photography Service
    • Las Vegas Sports & Hotels, L.L.C. / Hotel & Motel
    • The UPS Store / Courier Service / Postal Service
    • Shred Nations / Recycling Center / Waste Management Facility
    • Cadi Media Ltd / Newspaper & Magazine / Television Studio

    Property Details for 8550 W Charleston Blvd

    Year built
    1998
    Construction
    FRAME
    Lot size
    1.67 lot acres
    Property size
    16,960 SF
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    138-32-816-002
    APU
    13832816002

    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
    -115.279
    Latitude
    36.1599
    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
    $26,488
    $471,024
    $415,493
    $886,517
    -
    $1,345,783
    $1,187,123
    $2,532,906

    Comparable in this City

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      $10,170,000
      45,352 SF

      6985 Sahara Ave

      SHOPPING CENTER, STRIP CENTER • 45,352 SF
      6985 Sahara Ave, Las Vegas, NV 89117-2819
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    • Value Estimation
      $3,250,000
      10,176 SF

      8225 Sahara Ave

      SHOPPING CENTER, STRIP CENTER • 10,176 SF
      8225 Sahara Ave, Las Vegas, NV 89117-8962
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    • Value Estimation
      $1,310,000
      4,800 SF

      8520 Desert Inn Rd

      SHOPPING CENTER, STRIP CENTER • 4,800 SF
      8520 Desert Inn Rd, Las Vegas, NV 89117-4417
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    • Value Estimation
      $1,965,000
      9,600 SF

      2960 Durango Dr

      SHOPPING CENTER, STRIP CENTER • 9,600 SF
      2960 Durango Dr, Las Vegas, NV 89117-4421
      View Details
    • Value Estimation
      $2,160,000
      6,782 SF

      8704 Charleston Blvd Ste, Unit 105

      SHOPPING CENTER, STRIP CENTER • 6,782 SF
      8704 Charleston Blvd Ste, Las Vegas, NV 89117-5479
      View Details
    • Value Estimation
      $2,060,000
      9,609 SF

      9326 Sahara Ave Ste, Unit 4

      SHOPPING CENTER, STRIP CENTER • 9,609 SF
      9326 Sahara Ave Ste, Las Vegas, NV 89117-8811
      View Details

    Similar Nearby for Sale

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      26,136 SF

      Retail Space For Sale

      Retail space available with a 6.00% CAP rate.
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    • $2,650,000
      8,535 SF

      Las Vegas Multi-Tenant Commercial Property

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      Turnkey Alzheimer's Group Home

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      2,500 SF

      Turn-Key Coffee Shop Opportunity

      Coffee shop in high-demand Summerlin area available for sale.
      10020 W Sahara Ave, Las Vegas, NV 89117
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    • $429,000
      0.59 Acres

      Las Vegas Homesite Opportunity

      0.59-acre corner lot near Summerlin, Red Rock, and the Strip.
      Miller Ln, Las Vegas, NV 89117
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      11,716 SF

      Office Space Available For Rent

      Office space available for lease in Las Vegas, Nevada.
      7900 W Sahara Ave, Las Vegas, NV 89117
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space Near Downtown Summerlin

      Retail property with high traffic and national tenant lineup.
      10000 W Sahara Ave, Las Vegas, NV 89117
      View Details
    • $1.80 SF/Yr

      Prime Retail/Office Location, Las Vegas

      Retail/office space in high-traffic Las Vegas corridor with strong demographics.
      8450 West Sahara Ave, Las Vegas, NV 89117
      View Details
    • Contact for pricing

      Desirable Shopping Center in Summerlin

      High-visibility shopping center with national co-tenants on Charleston Blvd.
      8825 W Charleston Blvd, Las Vegas, NV 89117
      View Details
    • $3 SF/Yr
      1,600 SF

      Retail Space in Village Square

      Retail and office space available in established shopping center.
      9400 West Sahara Ave, Las Vegas, NV 89117
      View Details
    • Contact for pricing

      Neighborhood Retail Shopping Center Space

      Retail space in vibrant neighborhood shopping center on Charleston Boulevard.
      7000-7034 W Charleston Blvd, Las Vegas, NV 89117
      View Details
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    Las Vegas, NV 89145
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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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    8550 W Charleston Blvd, Las Vegas, NV, 89145
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