West Sahara Avenue Office
2500 W Sahara Avenue Las Vegas, NV 89102
For Sale
Contact for pricing
Office building on West Sahara Avenue near Palace Station Casino.
Property Size22,382 SF
Price / SF$223.39
Days on Market66
Property Features for 2500 W Sahara Avenue
General Information
- Standard status
- Active
- Size
- 22,382 SF
- Property subtype
- Office
Building Details
- Year Built
- 1996
Listing Agency:
Executive Realty Services
Listed By:
Cici Cong · License #S.0180161
Source:
Crexi
Added: May 21
Changed: Jul 10
Last Checked: Jul 24 at 2:11PM
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
Investment Insights
Based on property information with market context.
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.
Key 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.
Financial Insights For Office B
Simulate Cap Rate and NOI
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.
| 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 Uses
Best Use
Office B
$4.92M
$4.31M – $5.74M
NOI $344,459 @ 7.0% cap · market cap 6.89%
Second Best
Healthcare Medical
$4.24M
$3.71M – $4.94M
NOI $296,517 @ 7.0% cap · market cap 5.93%
Theoretical Best
Specialty Retail
$7.73M
$6.77M – $9.02M
NOI $541,375 @ 7.0% cap · market cap 10.83%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
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
Similar Off Market Nearby
- Animal Medical Hospital — 1914 E Sahara Ave, Las Vegas, NV 89104
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.
