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1703 E Charleston Blvd 6,393 SF Retail Building Las Vegas, NV 89104 $2,200,000 ($344.13/SF) 7.84% Cap Rate
INVESTMENT HIGHLIGHTS
- Large recently fully updated building. Roller door in back glass window store front. Huge back room area with high ceilings.
EXECUTIVE SUMMARY
Building was recently fully remodeled. Everything is in excellent condition, except the owner decided to redo the floors. The front of the building is now complete and the back rooms will be completed in a few days. Tenant would like to stay and pay $14,000 a month with a large deposit. Building has a gated rear door and a 7" roll up door
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$180,000
|
$28.16
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$180,000
|
$28.16
|
| Taxes |
$3,216
|
$0.50
|
| Operating Expenses |
$4,237
|
$0.66
|
| Total Expenses |
$7,453
|
$1.17
|
| Net Operating Income |
$172,547
|
$26.99
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $180,000 |
| Annual Per SF | $28.16 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $180,000 |
| Annual Per SF | $28.16 |
| Taxes | |
|---|---|
| Annual | $3,216 |
| Annual Per SF | $0.50 |
| Operating Expenses | |
|---|---|
| Annual | $4,237 |
| Annual Per SF | $0.66 |
| Total Expenses | |
|---|---|
| Annual | $7,453 |
| Annual Per SF | $1.17 |
| Net Operating Income | |
|---|---|
| Annual | $172,547 |
| Annual Per SF | $26.99 |
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Sale Leaseback
Property Type
Retail
Property Subtype
Building Size
6,393 SF
Building Class
C
Year Built
1961
Price
$2,200,000
Price Per SF
$344.13
Cap Rate
7.84%
NOI
$172,547
Tenancy
Single
Building Height
1 Story
Building FAR
0.67
Lot Size
0.22 AC
Opportunity Zone
Yes
Zoning
C-1, Las Vegas - Commercial C1
Parking
10 Spaces (1.53 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- 24 Hour Access
- Corner Lot
- Signage
- Air Conditioning
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Sillver wireless
- Retailer
- 6,547 SF
- $18.33
- Triple Net
- Nov 2028
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Sillver wireless | Retailer | 6,547 SF | $18.33 | Triple Net | Nov 2028 |
Walk Score®
Walker's Paradise (90)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 139-35-413-158 | Total Assessment | $98,094 (2025) |
| Land Assessment | $28,510 (2025) | Annual Taxes | $3,216 ($0.50/SF) |
| Improvements Assessment | $69,584 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
139-35-413-158
Land Assessment
$28,510 (2025)
Improvements Assessment
$69,584 (2025)
Total Assessment
$98,094 (2025)
Annual Taxes
$3,216 ($0.50/SF)
Tax Year
2024
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1703 E Charleston Blvd
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