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    West Sahara Avenue Office Building Title is generated by Realmo AI

    2500 W Sahara Avenue, Las Vegas, NV 89102

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    Office building on West Sahara Avenue near Palace Station Casino.

    Type:Office
    Property size:
    22,382 SF
    Price / SF:
    $223/SF
    Added:
    May 21, 2026
    Days on Market:
    8
    Last Refresh:
    May 21 at 7:30 am

    Property Features for 2500 W Sahara Avenue

    General Information

    Standard status
    Active
    Size
    22,382 SF
    Property subtype
    Office

    Building Details

    Year Built
    1996

    We can help!

    Listing Contact
    Cici Cong

    Listing agent Cici Cong License #S.0180161

    Listing office Executive Realty Services

    Listing date May 21, 2026

    Source Crexi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Executive Realty Services

    HighLights

    • Prime location on West Sahara Avenue, a well‑established mid‑city office corridor.
    • Directly across from Palace Station Casino.
    • Positioned between I‑15 and US‑95, providing excellent accessibility.
    • Located in the center of the metro's professional services hub.
    • Medical office is the highest‑demand segment in the West submarket.
    • Proximity to two major hospital campuses and the growing outpatient care sector.

    Overview

    Located on West Sahara Avenue, this commercial property is directly across from Palace Station Casino, situated at the intersection of West Sahara Avenue and Rancho Drive. The West Sahara corridor is a well-established mid-city office area in Las Vegas, located between I-15 and US-95, placing it in the center of the metropolitan area's professional services hub. The property's size is 22382 square feet. The location is particularly suited for medical office use, which is currently the highest-demand segment in the West submarket, due to its proximity to two major hospital campuses and the expanding outpatient care sector. The property is located at 2500 W. Sahara Avenue, Las Vegas, NV 89102.

    Financial Insights

    Value Estimation Calculated for Office B

    Conservative
    $3.83M
    NOI $344,459 @ 9.00% cap · cautious / downside scenario
    Moderate
    $4.92M
    NOI $344,459 @ 7.00% cap · market / base-case scenario
    Aggressive
    $6.89M
    NOI $344,459 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.
         Calculated for Office B

    Component $ $/SF
    Gross rent $537.2k $24.00
    − Vacancy −$77.9k −$3.48
    EGI $459.3k $20.52
    − OpEx −$114.8k −$5.13
    NOI $344.5k $15.39
    22,382 SF · lease $24.00/SF/yr · vacancy 14.50% · expense 25.00%

    Alternative Use Scenarios

    Best Use
    Office B
    $4.92M
    $4.31M – $5.74M (±1% cap)
    NOI $344,459 @ 7.0% cap · market cap 6.89%
    Second Best
    Healthcare Medical
    $4.24M
    $3.71M – $4.94M (±1% cap)
    NOI $296,517 @ 7.0% cap · market cap 5.93%
    Theoretical Best
    Specialty Retail
    $7.73M
    $6.77M – $9.02M (±1% cap)
    NOI $541,375 @ 7.0% cap · market cap 10.83%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Arc Health & Wellness ... Occupational Health Service Pull 4 Wisdom ... Dental Office Consultants Medical Group Medical Group Desert PCA of Nevada Home Health Care Service WellTrac Gym & Fitness Center

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

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

    Similar Places Nearby

    • Sahara Animal Hospital — 4301 W Sahara Ave, Las Vegas, NV 89102

    Location Insight

    • Map
    • Local Demand
    City
    Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.113747
    Latitude
    36.144885

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    FAQs

    What type of property is this?
    Medical Office Space - Office building on West Sahara Avenue near Palace Station Casino.
    Where is this medical office space located?
    The property is located at 2500 W Sahara Avenue Las Vegas, NV.
    What is the asking price?
    The asking price for this property is $4,999,900.
    What are key features of this property?
    This property features: Prime location on West Sahara Avenue, a well‑established mid‑city office corridor.; Directly across from Palace Station Casino.; Positioned between I‑15 and US‑95, providing excellent accessibility.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Cici Cong
    Real Estate License ID: S.0180161
    Learn More
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    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.

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