Las Vegas Retail Investment
For Sale
Contact for pricing
3013 W Sahara Ave, Las Vegas, NV
Retail space with lease in place and future upside.
Property Size3,000 SF
Lot Size0.19 Acres
Price / SF$533.33
Days on Market393
Property Features for 3013 W Sahara Ave
General Information
Standard status
Active
Size
3,000 SF
Lot size
0.19 Acres
Property subtype
RETAIL
Listing Agency:
Logic Commercial Real Estate | Las Vegas
(702) 340-4251
Listed By:
Sean Margulis · License #70247
(702) 340-4251
Source:
Moodyscre
Added: Aug 1, 2025
Changed: Aug 12
Last Checked: Aug 28 at 11:47AM
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 Logic Commercial Real Estate | Las Vegas
Investment Insights
Based on property information with market context.
This retail property features an initial 5-year term with approximately 2 years remaining. The current annual rent is $100,440, with a scheduled rent escalation to $104,400 on December 1, 2025. The lease expiration date is November 30, 2026. The lease is personally guaranteed by the operator, who owns a wholesale vape distribution facility. There is one five-year option period. The absence of a defined base rent for the option period provides significant flexibility for the investor. There is an opportunity to negotiate market rents with the existing tenant, as well as the potential to secure a new tenant at market rates. The property offers flexibility for owner-user occupancy at the initial term's expiration. The property size is 3,000 square feet and is located on W Sahara Ave in Las Vegas, NV.
Key Highlights
- Current annual rent of $100,440.
- Scheduled rent escalation to $104,400 on December 1, 2025.
- Personally guaranteed by operator who owns wholesale vape distribution facility.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$67,726
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.23%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,354,520
$1.4M
Cap Rate 7%
$967,514
$967.5K
Cap Rate 9%
$752,511
$752.5K
Market Conditions
NOI Build-Up for 3,000 SF
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.
Gross rent
$102.6K $34.20/SF
− Vacancy
−$5.8K −$1.95/SF
EGI
$96.8K $32.25/SF
− OpEx
−$29.0K −$9.68/SF
NOI
$67.7K $22.58/SF
Area
Las Vegas, NV
Vacancy
5.70%
Lease Rate
$34.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,354,520
Cap Rate 7%
$967,514
Cap Rate 9%
$752,511
Alternative Uses
Best Use
Retail
$967.5K
$846.6K – $1.13M
NOI $67,726 @ 7.0% cap · market cap 4.23%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.04M
$907.1K – $1.21M
NOI $72,564 @ 7.0% cap · market cap 4.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
805
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Retail in Las Vegas, NV
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Retail space with lease in place and future upside.
Where is this retail space located?
The property is located at 3013 W Sahara Ave Las Vegas, NV.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Current annual rent of $100,440.; Scheduled rent escalation to $104,400 on December 1, 2025.; Personally guaranteed by operator who owns wholesale vape distribution facility.
