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    Sahara & Rainbow Las Vegas, NV 89146

    Sponsored
    For Sale
    $7,500,000

    Prime Commercial/Residential Land

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 4.43-acre parcel, located in Las Vegas, Nevada (APN 163-11-101-005), presents a unique investment opportunity. Situated at the intersection of Sahara and Rainbow, this property boasts a highly desirable location in the Spring Valley area, west of the Las Vegas Strip and east of Summerlin. The land is zoned RE, permitting up to two units per acre, aligning perfectly with the Planned Land Use designation of CM (Corridor Mixed-Use). This versatile zoning allows for a range of development possibilities, catering to both commercial and residential needs. The property features 334 feet of frontage on West Sahara Avenue, complete with established sidewalks, curbs, and gutters, ensuring excellent accessibility and visibility. The high traffic count on Sahara and Rainbow, averaging 52,500 vehicles daily, provides significant exposure for any future development. The asking price for this strategically located land is $7,500,000. This established commercial and residential area offers immediate access to key amenities and infrastructure, making it an attractive proposition for developers seeking a prime location within a thriving community. The Clark County jurisdiction ensures a streamlined development process. This is a rare opportunity to acquire a substantial land parcel in a rapidly growing area of Las Vegas.

    Property Features for 0 Sahara & Rainbow

    General Information

    Property type
    Land
    Lot Size
    192,971 SF

    HighLights

    • 4.43‑acre parcel in Las Vegas, NV (APN 163‑11‑101‑005), located at Sahara & Rainbow.
    • RE zoning allows up to two units per acre, consistent with CM (Corridor Mixed‑Use) Planned Land Use.
    • 334' of frontage on West Sahara Avenue with improved streets.
    • High traffic count (52,500 vehicles daily) on Sahara and Rainbow Avenues.
    • Asking price: $7,500,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.2270684
    Latitude
    36.1442853

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    FAQs

    What type of property is this?
    Land - Prime Commercial/Residential Land
    Where is this land located?
    The property is located at Sahara & Rainbow Las Vegas, NV.
    What is the asking price?
    The asking price for this property is $7,500,000.
    What are key features of this property?
    This property features: 4.43-acre parcel in Las Vegas, NV (APN 163-11-101-005), located at Sahara & Rainbow.; RE zoning allows up to two units per acre, consistent with CM (Corridor Mixed-Use) Planned Land Use.; 334' of frontage on West Sahara Avenue with improved streets.
    Request Owner's contact information
    Sahara & Rainbow Las Vegas, NV 89146
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    Sahara & Rainbow
    Las Vegas, NV 89146
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Sahara & Rainbow Las Vegas, NV 89146
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