Sahara Avenue Office Building For
For Sale
Contact for pricing
Pending
2065 E Sahara Ave, Las Vegas, NV 89104
6,000 SF office building with three units, one vacant.
Property Size6,000 SF
Days on Market898
Property Features for 2065 E Sahara Ave
General Information
Standard status
Pending
Size
6,000 SF
Class
B
Total Parking Spaces
70
Property subtype
Office
Zoning
Commercial General (CG)
Investment Type
Owner/User
Building Details
Year Built
1985
Buildings
1
Stories
1
Units
3
Listing Agency:
Access Realty LLC
(775) 727-2332
Listed By:
Walt Turner · License #NV BUSB0007087
Source:
Crexi
Added: Mar 9, 2024
Changed: Aug 17
Last Checked: Aug 24 at 9:12AM
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 Access Realty LLC
Investment Insights
Based on property information with market context.
The property at 2065 E Sahara Ave is a 6,000 square foot office building divided into three 2,000 square foot units. The units include conference rooms, offices, reception areas, break rooms, restrooms, utility rooms, and storage. One of the three units (Unit B) is currently vacant and available for lease or use. Unit A was recently leased until August 2025, and Unit C's lease ends in July 2025. The property's design and location make it suitable for investors looking to diversify their portfolio or for owner-users seeking a workspace.
Key Highlights
- 6,000 sqft office building with three 2,000 sqft units
- One unit (2,000 sqft) is vacant and immediately available
- Strategic location appealing to investors or owner‑users
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
$92,340
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
7.70%
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%
$1,846,800
$1.8M
Cap Rate 7%
$1,319,143
$1.3M
Cap Rate 9%
$1,026,000
$1.0M
Market Conditions
NOI Build-Up for 6,000 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
$144.0K $24.00/SF
− Vacancy
−$20.9K −$3.48/SF
EGI
$123.1K $20.52/SF
− OpEx
−$30.8K −$5.13/SF
NOI
$92.3K $15.39/SF
Area
Las Vegas, NV
Vacancy
14.50%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
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%
$1,846,800
Cap Rate 7%
$1,319,143
Cap Rate 9%
$1,026,000
Alternative Uses
Best Use
Office B
$1.32M
$1.15M – $1.54M
NOI $92,340 @ 7.0% cap · market cap 7.70%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.07M
$1.81M – $2.42M
NOI $145,128 @ 7.0% cap · market cap 12.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,590
Businesses Nearby
Explore this area
Business Placement
Demographics for 89104, NV
41,662
Population
16,704
Households
2.5
Avg Household Size
38
Median Age
15%
College-Educated
72%
High-School Grad
5.7 sq mi
ZIP Area
7,309
Density / Sq Mi
$50,945
Median Household Income
$34,278
Median Earnings
$1,138
Median Rent
$298,700
Median Home Value
Market
Vacancy Rate% for Office in Las Vegas, NV
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - 6,000 SF office building with three units, one vacant.
Where is this office building located?
The property is located at 2065 E Sahara Ave Las Vegas, NV.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 6,000 sqft office building with three 2,000 sqft units; One unit (2,000 sqft) is vacant and immediately available; Strategic location appealing to investors or owner‑users
