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1636-1638 E Charleston Blvd 1,989 SF 50% Leased Retail Building Las Vegas, NV 89104 $981,898 CAD ($493.66 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 |
$60,771
|
$30.55
|
| Other Income |
$12,239
|
$6.15
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$73,009
|
$36.71
|
| Taxes |
$2,103
|
$1.06
|
| Operating Expenses |
$6,600
|
$3.32
|
| Total Expenses |
$8,703
|
$4.38
|
| Net Operating Income |
$64,306
|
$32.33
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $60,771 |
| Annual Per SF | $30.55 |
| Other Income (CAD) | |
|---|---|
| Annual | $12,239 |
| Annual Per SF | $6.15 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $73,009 |
| Annual Per SF | $36.71 |
| Taxes (CAD) | |
|---|---|
| Annual | $2,103 |
| Annual Per SF | $1.06 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $6,600 |
| Annual Per SF | $3.32 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $8,703 |
| Annual Per SF | $4.38 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $64,306 |
| Annual Per SF | $32.33 |
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
$981,898 CAD
Price Per SF
$493.66 CAD
Cap Rate
6.55%
NOI
$64,306 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
- $27.85 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 | $27.85 CAD | Single Net | Jan 2028 | |
| On Hair Design | Services | - | - | - | - |
Moderately walkable
60/100
Moderately drivable
70/100
Some public transit
50/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 162-02-113-005 | Total Assessment | $67,311 CAD (2026) |
| Land Assessment | $29,075 CAD (2026) | Annual Taxes | $2,103 CAD ($1.06 CAD/SF) |
| Improvements Assessment | $38,236 CAD (2026) | Tax Year | 2025 Payable 2025 |
Property Taxes
Parcel Number
162-02-113-005
Land Assessment
$29,075 CAD (2026)
Improvements Assessment
$38,236 CAD (2026)
Total Assessment
$67,311 CAD (2026)
Annual Taxes
$2,103 CAD ($1.06 CAD/SF)
Tax Year
2025 Payable 2025
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1636-1638 E Charleston Blvd
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