Retail Space For
7077 W Sahara Ave, Las Vegas, NV 89117
For Sale
Contact for pricing
Retail space available with a 6.00% CAP rate.
Property Size26,136 SF
Price / SF$473.10
Days on Market236
Property Features for 7077 W Sahara Ave
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Occupancy
Lease Type
Net Operating Income
Site & Location
Neighborhood
Building Details
Year Built
Year Renovated
Tenancy
Listing Agency:
SRS Real Estate Partners Newport Beach
Listed By:
Patrick R. Luther, CCIM · License NV S.0169792
(480) 221-4221
Source:
Crexi
Added: Mar 24
Changed: Nov 12
Last Checked: Nov 12 at 8:30AM
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 SRS Real Estate Partners Newport Beach
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This retail space, encompassing 26,136 square feet, is available for purchase. The property operates at a 6.00% capitalization rate.
Key Highlights
- 26,136 SqFt Retail Space available.
- Attractive 6.00% CAP Rate.
- Built in 1999.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$590,031
Cap Rate
4.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$11,800,620
$11.8M
Cap Rate 7%
$8,429,014
$8.4M
Cap Rate 9%
$6,555,900
$6.6M
Market Conditions
NOI Build-Up for 26,136 SF
Gross rent
$893.9K $34.20/SF
− Vacancy
−$50.9K −$1.95/SF
EGI
$842.9K $32.25/SF
− OpEx
−$252.9K −$9.68/SF
NOI
$590.0K $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 Rate 5%
$11,800,620
Cap Rate 7%
$8,429,014
Cap Rate 9%
$6,555,900
Alternative Uses
Best Use
Retail
$8.43M
$7.38M – $9.83M
NOI $590,031 @ 7.0% cap · market cap 4.77%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$9.03M
$7.90M – $10.54M
NOI $632,176 @ 7.0% cap · market cap 5.11%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,811
Businesses Nearby
Explore this area
Business Placement
Demographics for 89117, NV
57,497
Population
25,494
Households
2.3
Avg Household Size
42
Median Age
33%
College-Educated
92%
High-School Grad
9.2 sq mi
ZIP Area
6,250
Density / Sq Mi
$71,497
Median Household Income
$40,187
Median Earnings
$1,691
Median Rent
$481,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Retail space in Las Vegas
Vacancy Rate% for Retail in Las Vegas, NV
Frequently Asked Questions
What type of property is this?
Retail space - Retail space available with a 6.00% CAP rate.
Where is this retail space located?
The property is located at 7077 W Sahara Ave Las Vegas, NV.
What is the asking price?
The asking price for this property is $12,365,000.
What are key features of this property?
This property features: 26,136 SqFt Retail Space available.; Attractive 6.00% CAP Rate.; Built in 1999.
