Zoned C-2 Retail
For Sale
Contact for pricing
953 E Sahara Ave, Las Vegas, NV 89109
Renovated 3,000+ SF single-unit retail building with C-2 zoning and 100% occupancy.
Property Size3,000 SF
Price / SF$416.67
Days on Market368
Property Features for 953 E Sahara Ave
General Information
Standard status
Active
Size
3,000 SF
Property subtype
RETAIL
Zoning
C-2
Occupancy
100%
Building Details
Year Built
1968
Year Renovated
2021
Listing Agency:
Coldwell Banker Commercial | Premier Realty
(702) 829-5042
Listed By:
Lance Hamrick · License #S.71654
(702) 871-9500
Source:
Moodyscre
Added: Sep 2, 2025
Changed: Aug 16
Last Checked: Sep 4 at 5:16AM
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 Coldwell Banker Commercial | Premier Realty
Investment Insights
Based on property information with market context.
This 3,000+ SF retail storefront property is improved as a single unit within a building originally built in 1968 and renovated in 2021. The asset is currently fully occupied at 100%, offering turnkey continuity for a buyer seeking an income-producing retail structure.
The property is located in the Las Vegas market area at 953 E Sahara Ave, Las Vegas, NV 89109, and is zoned C-2. This zoning classification supports retail use within the C-2 framework.
The offering consists of one unit in the building, providing a straightforward ownership structure and operations for tenants or owner-users aligned with retail zoning requirements.
The property is located in the Las Vegas market area at 953 E Sahara Ave, Las Vegas, NV 89109, and is zoned C-2. This zoning classification supports retail use within the C-2 framework.
The offering consists of one unit in the building, providing a straightforward ownership structure and operations for tenants or owner-users aligned with retail zoning requirements.
Key Highlights
- 3,000+/- SF single‑unit retail building
- Built in 1968 and renovated in 2021
- Zoned C‑2
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
5.42%
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 5.42%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.04M
$907.1K – $1.21M
NOI $72,564 @ 7.0% cap · market cap 5.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
2,265
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 89109, NV
7,728
Population
12,053
Households
0.6
Avg Household Size
47
Median Age
38%
College-Educated
92%
High-School Grad
4.1 sq mi
ZIP Area
1,885
Density / Sq Mi
$54,917
Median Household Income
$55,296
Median Earnings
$1,208
Median Rent
$494,800
Median Home Value
Market
Vacancy Rate% for Retail in Las Vegas, NV
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Storefront property - Renovated 3,000+ SF single-unit retail building with C-2 zoning and 100% occupancy.
Where is this storefront property located?
The property is located at 953 E Sahara Ave Las Vegas, NV.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 3,000+/- SF single‑unit retail building; Built in 1968 and renovated in 2021; Zoned C‑2
