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1636-1638 E Charleston Blvd 1,989 SF 100% Leased Retail Building Las Vegas, NV 89104 $954,201 CAD ($479.74 CAD/SF) 6.55% Cap Rate
Investment Highlights
- Bill Board Passive income
Executive Summary
Property has a billboard that pays an average of $5000 a year in passive income.
Owner operates a hair salon in 1200 SF of the property and leases out the remaining 1000 sf (1638 E Charleston) for $1650 a month (increases to $1800 for last two years of lease Starting December 2025).
After the sale you could rent out the additional 989 SF for an additional $21,000 a year. Total income would then be $46,000 a year. Less expenses of $6187, and adding billboard, total income would be $41,413.
Owner operates a hair salon in 1200 SF of the property and leases out the remaining 1000 sf (1638 E Charleston) for $1650 a month (increases to $1800 for last two years of lease Starting December 2025).
After the sale you could rent out the additional 989 SF for an additional $21,000 a year. Total income would then be $46,000 a year. Less expenses of $6187, and adding billboard, total income would be $41,413.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$59,057
|
$29.69
|
| Other Income |
$11,893
|
$5.98
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$70,950
|
$35.67
|
| Taxes |
$2,044
|
$1.03
|
| Operating Expenses |
$6,414
|
$3.22
|
| Total Expenses |
$8,458
|
$4.25
|
| Net Operating Income |
$62,492
|
$31.42
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $59,057 |
| Annual Per SF | $29.69 |
| Other Income (CAD) | |
|---|---|
| Annual | $11,893 |
| Annual Per SF | $5.98 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $70,950 |
| Annual Per SF | $35.67 |
| Taxes (CAD) | |
|---|---|
| Annual | $2,044 |
| Annual Per SF | $1.03 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $6,414 |
| Annual Per SF | $3.22 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $8,458 |
| Annual Per SF | $4.25 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $62,492 |
| Annual Per SF | $31.42 |
Property Facts
Sale Type
Investment or Owner User
Sale Condition
REO Sale
Property Type
Retail
Property Subtype
Building Size
1,989 SF
Building Class
C
Year Built
1952
Price
$954,201 CAD
Price Per SF
$479.74 CAD
Cap Rate
6.55%
NOI
$62,492 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.30
Lot Size
0.15 AC
Opportunity Zone
Yes
Zoning
C-1, Las Vegas - C1, 2 units and a bill board, private gated yard in front and on East side of building.
Parking
10 Spaces (5.03 Spaces per 1,000 SF Leased)
Frontage
54’ on Charleston Blvd
Amenities
- Bus Line
- Courtyard
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- lay's community coop
- Retailer
- 1,000 SF
- $27.07 CAD
- Single Net
- Jan 2028
- On Hair Design
- Services
- -
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| lay's community coop | Retailer | 1,000 SF | $27.07 CAD | Single Net | Jan 2028 | |
| On Hair Design | Services | - | - | - | - |
Walk Score®
Walker's Paradise (90)
Nearby Major Retailers
Property Taxes
| Parcel Number | 162-02-113-005 | Total Assessment | $64,858 CAD (2026) |
| Land Assessment | $28,016 CAD (2026) | Annual Taxes | $2,044 CAD ($1.03 CAD/SF) |
| Improvements Assessment | $36,843 CAD (2026) | Tax Year | 2025 Payable 2025 |
Property Taxes
Parcel Number
162-02-113-005
Land Assessment
$28,016 CAD (2026)
Improvements Assessment
$36,843 CAD (2026)
Total Assessment
$64,858 CAD (2026)
Annual Taxes
$2,044 CAD ($1.03 CAD/SF)
Tax Year
2025 Payable 2025
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1636-1638 E Charleston Blvd
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