Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    125 E Harmon Avenue Las Vegas, NV 89109

    View on Map
    For Sale
    $809,888

    High Rise, High Rise,Penthouse - Las Vegas, NV

    Property size:
    1,394 SF
    Added:
    Oct 13, 2025
    Days on Market:
    175
    Last Refresh:
    Apr 5 at 12:06 am

    Property Features for 125 E Harmon Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    2
    Bathrooms
    3
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Kitchen, Living Room
    Parking features
    Guest, Underground/Basement, Valet
    Security features
    Fire Sprinkler System
    Interior features
    Fire Sprinkler System, Built-in Features, Window Treatments
    Exterior features
    Outdoor Living Area
    Appliances
    Cooktop, Cooktop - Electric, Dishwasher, Dryer, Garbage Disposer, Microwave, Refrigerator, Washer
    Standard status
    Active
    APN
    162-21-317-432
    Size
    1,394 SF

    Taxes and HOA fees

    Tax Annual Amount
    4297
    Expense value
    2829
    Expense
    Home Owner Assessments Fee
    Expense freq.
    Monthly

    Utilities

    Heating system
    Central, Electric (Heating), Zoned (Heating)
    Cooling system
    Electric

    Building Details

    Year built
    2006
    Flooring type
    Carpet, Tile
    Architectural style
    High Rise

    We can help!

    Listing Contact
    Bruce D. Schwartz

    Listing agent Bruce D. Schwartz License #S.0200271

    Listing office HomeSmart Encore 6630 Arroyo Springs Dr #1200, Las Vegas, NV

    Listing date Oct 13, 2025

    MLS# 2726891 Listing URL

    Copyright © 2026 Las Vegas REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Las Vegas Penthouse with F1 Views

    This penthouse unit in Tower 3 offers unobstructed views of the F1 track, the Sphere, and the Paddock. The property is a combination of two units, featuring one 1-bedroom/2-bath unit and one studio/1-bath unit. It comfortably sleeps 8, with king beds and pullout sleeper couches. The bathrooms are equipped with Jacuzzi tubs and double sinks. The balcony provides views of the Formula 1 racecourse on Harmon Avenue stretching to Las Vegas Boulevard. Residents have access to three heated pools, spas, and cabanas in each tower, as well as access to the MGM Grand’s pool and lazy river. Additional amenities include a lounge with a full bar, two fitness centers, concierge service, valet parking, and an on-site Starbucks. The property is connected to the MGM Grand. It is located in Las Vegas, Nevada, in the 89109 postal code area, and is situated in Clark County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Amalz Media Marketing & Advertising S&S Las Vegas ... Vacation Rental Luxury Suites International ... Hotel & Motel Las Vegas Strip ... Travel Agency

    Suggested Use

    Real Estate Agency Law Firm Dental Office Spa & Massage Center Hair Salon Restaurant Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.166552
    Latitude
    36.107494

    Nearby Similar for Sale

    • $575,000
      1,882 SF

      Downtown Las Vegas Live/Work Unit

      Commercial storefront with attached condominium in downtown Las Vegas.
      353 E Bonneville Avenue, Las Vegas, NV 89101
      View Details
    • $435,000

      Resort-Style Living in Las Vegas

      Move-in-ready property with outdoor living and resort-style amenities.
      8175 Arville Street, Las Vegas, NV 89139
      View Details
    • $3,499,000
      4,826 SF

      Las Vegas Penthouse with Strip Views

      Custom penthouse loft with panoramic views and flexible living spaces.
      4471 DEAN MARTIN Drive, Las Vegas, NV 89103
      View Details
    • $795,000
      2,494 SF

      Renovated High-Rise Corner Unit

      Modern Las Vegas corner unit with strip and Red Rocks views.
      4575 Dean Martin Drive, Las Vegas, NV 89103
      View Details
    • $355,000
      1,295 SF

      Luxury High-Rise with Strip Views

      Desirable corner residence with dual suites and Strip views.
      200 W SAHARA Avenue, Las Vegas, NV 89102
      View Details
    • $330,000
      520 SF

      Las Vegas High-Rise Studio

      Fully furnished, turnkey studio with Strip views and income potential.
      135 E Harmon Avenue, Las Vegas, NV 89109
      View Details
    • $380,000

      Las Vegas Motorcoach Resort Site

      Fully loaded site with rare privacy and luxury amenities.
      8175 Arville Street, Las Vegas, NV 89139
      View Details
    • $999,999
      2,805 SF

      Luxury High-Rise with City Views

      Ultra-luxury tower near the Las Vegas Strip with stunning views.
      2747 Paradise Road, Las Vegas, NV 89109
      View Details
    • $935,000
      2,805 SF

      Luxury High-Rise Residence in Las Vegas

      Fully furnished 3-bedroom residence with stunning views and modern amenities.
      2747 Paradise Road, Las Vegas, NV 89109
      View Details
    • $889,000
      2,872 SF

      Luxury High-Rise Condo with Views

      Remodeled 4-bedroom condo with Strip and mountain views.
      8255 Las Vegas Boulevard, Las Vegas, NV 89123
      View Details
    • $329,500

      Las Vegas Motorcoach Resort Land

      Corner lot in Las Vegas Motorcoach Resort with premium amenities.
      8175 Arville Street, Las Vegas, NV 89139
      View Details
    • $345,000
      615 SF

      Las Vegas High-Rise Studio Condo

      Turnkey, fully furnished studio with Strip views and investment potential.
      4381 W Flamingo Road, Las Vegas, NV 89103
      View Details

    FAQs

    What type of property is this?
    Short term rental property - Premium penthouse with direct views of F1 track and Sphere.
    Where is this short term rental property located?
    The property is located at 125 E Harmon Avenue Las Vegas, NV.
    What is the asking price?
    The asking price for this property is $809,888.
    What are key features of this property?
    This property features: Direct, unobstructed views of the F1 track, Sphere, and Paddock.; AirBNB approved, offering rental income potential.; Two‑unit Penthouse combo (2BR/3BA) that comfortably sleeps 8.
    (702) 579-3300
    We can help!
    Listing Contact
    Bruce D. Schwartz
    Real Estate License ID: S.0200271
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!