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

    Welpman Las Vegas, NV 89124

    View on Map
    Sponsored
    For Sale
    $850,000

    Land - Las Vegas, NV

    Lot size:
    1.04 Acres
    Days on Market:
    32
    Last Refresh:
    Mar 13 at 7:06 pm

    Property Features for Welpman

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Other,Single Family
    APN
    191-09-801-003
    Lot size
    1.04 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Richard R. Slezak

    PLATINUM REAL ESTATE PROFESSIONALS (702) 461-1400

    Listing agent Richard R. Slezak (702) 616-9400 License #S.0201790

    Listing date Feb 9, 2026

    MLS# 2616766 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.

    Learn more

    Property Insight Report

    Overview

    Prime One-Acre Lot Opportunity

    This one-acre lot on Welpman Way in West Henderson presents a real estate opportunity. The location is minutes from Las Vegas Blvd, the M Resort, and the Raiders practice facility. The site is also near the upcoming West Henderson Hospital, scheduled to open in Fall 2024. It is situated near the master-planned communities of Inspirada and Seven Hills. The zoning is Single Family.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.158185
    Latitude
    35.95875

    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 Ave, Las Vegas, NV 89101
      View Details
    • New
      $3,499,000
      3,616 SF

      Las Vegas Penthouse with Panoramic Views

      Luxury penthouse with strip views and five-star amenities.
      4471 Dean Martin Dr, Las Vegas, NV 89103
      View Details
    • $435,000
      0.06 Acres

      Resort-Style Living in Las Vegas

      Move-in-ready property with outdoor living and resort-style amenities.
      8175 Arville St, Las Vegas, NV 89139
      View Details
    • $375,000
      1,295 SF

      Luxury High-Rise with Strip Views

      Desirable corner residence with dual suites and private patio.
      200 W Sahara Ave, Las Vegas, NV 89102
      View Details
    • $365,000
      0.06 Acres

      Entertainer's Dream Las Vegas Land

      Luxury Las Vegas land tailored for entertaining and relaxation.
      8175 Arville St, Las Vegas, NV 89139
      View Details
    • New
      $752,995
      548 SF

      Vdara High-Rise Condo in Las Vegas

      Spacious condo with kitchenette in a prime Las Vegas location.
      2600 W Harmon Ave, Las Vegas, NV 89158
      View Details
    • New
      $999,000
      860 SF

      Upgraded Resort-Style Living in Las Vegas

      Upgraded, fully enclosed structure on an oversized lot in Las Vegas.
      8175 Arville St, Las Vegas, NV 89139
      View Details
    • $314,999
      520 SF

      Las Vegas Studio Residence

      Fully furnished studio with Strip views and rental income.
      135 E Harmon Ave, 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 Rd, Las Vegas, NV 89109
      View Details
    • New
      $999,999
      2,805 SF

      Luxury High-Rise with City Views

      Ultra-luxury tower near the Las Vegas Strip with stunning views.
      2747 Paradise Rd, Las Vegas, NV 89109
      View Details
    • $3,890,000
      4,826 SF

      Las Vegas Penthouse with Strip Views

      Unique penthouse with strip and stadium views in Las Vegas.
      4471 Dean Martin Dr, Las Vegas, NV 89103
      View Details
    • $329,000
      520 SF

      Penthouse Studio with Strip Views

      Rare penthouse studio with panoramic Strip views and oversized balcony.
      135 E Harmon Ave, Las Vegas, NV 89109
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - One-acre lot near Las Vegas Blvd, M Resort, Raiders facility.
    Where is this residential land & home lot located?
    The property is located at Welpman Las Vegas, NV.
    What is the asking price?
    The asking price for this property is $850,000.
    What are key features of this property?
    This property features: - One-acre lot offering potential for a custom home or multi-unit development.; - Prime location in West Henderson, near Inspirada and Seven Hills.; - Minutes from Las Vegas Blvd, M Resort, and Raiders practice facility.
    (702) 688-3508
    Request Owner's contact information
    Welpman Las Vegas, NV 89124
    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.
    Welpman
    Las Vegas, NV 89124
    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
    Welpman Las Vegas, NV 89124
    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

    We can help!
    Listing Contact
    Richard R. Slezak
    Real Estate License ID: S.0201790
    (702) 688-3508 (702) 616-9400
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!