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1636-1638 E Charleston Blvd 1,989 SF 50% Leased Retail Building Las Vegas, NV 89104 $974,352 CAD ($489.87 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 |
$60,304
|
$30.32
|
| Other Income |
$12,145
|
$6.11
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$72,448
|
$36.42
|
| Taxes |
$2,087
|
$1.05
|
| Operating Expenses |
$6,550
|
$3.29
|
| Total Expenses |
$8,637
|
$4.34
|
| Net Operating Income |
$63,812
|
$32.08
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $60,304 |
| Annual Per SF | $30.32 |
| Other Income (CAD) | |
|---|---|
| Annual | $12,145 |
| Annual Per SF | $6.11 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $72,448 |
| Annual Per SF | $36.42 |
| Taxes (CAD) | |
|---|---|
| Annual | $2,087 |
| Annual Per SF | $1.05 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $6,550 |
| Annual Per SF | $3.29 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $8,637 |
| Annual Per SF | $4.34 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $63,812 |
| Annual Per SF | $32.08 |
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
$974,352 CAD
Price Per SF
$489.87 CAD
Cap Rate
6.55%
NOI
$63,812 CAD
Percent Leased
50%
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
- $27.64 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 | $27.64 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 | $64,579 CAD |
| Land Assessment | $27,299 CAD | Annual Taxes | $2,087 CAD ($1.05 CAD/SF) |
| Improvements Assessment | $37,280 CAD | Tax Year | 2025 Payable 2025 |
PROPERTY TAXES
Parcel Number
162-02-113-005
Land Assessment
$27,299 CAD
Improvements Assessment
$37,280 CAD
Total Assessment
$64,579 CAD
Annual Taxes
$2,087 CAD ($1.05 CAD/SF)
Tax Year
2025 Payable 2025
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1636-1638 E Charleston Blvd
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