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    The Largest CRE Database in the US with Over 1 Million Listings

    600 Sahara Ave Las Vegas, NV 89104

    Sponsored
    For Lease
    $198,360

    Prime Retail Space, 6,612 sq ft

    Lot size:
    6,612 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    424
    This exceptional commercial property, located at 600 East Sahara Avenue, Floor 1, in Clark County, presents a unique investment opportunity. The single-tenant building boasts a substantial 6,612 square feet of retail space, previously occupied by a Marie Callenders Restaurant. Its prime location on Sahara Avenue offers excellent visibility and accessibility, making it ideal for a variety of retail businesses. The property is classified as both Retail and Land, providing potential for diverse development or continued use as a single-tenant retail space. The building's single-suite configuration simplifies management and operation, making it an attractive option for both established businesses and new ventures. Given its size and location, this property is well-suited for a business requiring significant space and high foot traffic. The previous tenant's history suggests a strong potential for continued success in the food service or similar industry. This is a rare opportunity to acquire a substantial retail property in a desirable location with significant potential for return on investment. The property's classification as both retail and land allows for flexibility in future development or expansion. Serious inquiries are encouraged to explore this promising investment opportunity further. Detailed property information and financial details are available upon request.

    Property Features for 600 Sahara Ave

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    6,612 SF
    Total Rate
    198360

    Spaces For Lease

    at 600 Sahara Ave, Las Vegas, NV 89104 Contact us
    Unit

    $198,360 /Mo

    Size
    6,612 SF
    Contact us

    We can help!

    Listing Contact
    Lance Hamrick
    Lance Hamrick

    Learn more

    Property Insight Report

    HighLights

    • 6,612 square foot retail building on a single‑tenant lease.
    • Located in Clark County.
    • Previously occupied by Marie Callender's Restaurant.
    • Property type is Retail and Land.
    Property Profile Location Intelligence

    Current Use by Public Records

    Tacos por favor Restaurant Action Air Conditioning HVAC Service Sixth & Sahara Plaza Shopping Center & Mall

    Suggested Use

    Real Estate Agency Law Firm Spa & Massage Center Dental Office Restaurant Hair Salon Nail Salon Building Supply Daycare Center Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.1461163
    Latitude
    36.144497

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    FAQs

    What type of property is this?
    Land - Prime Retail Space, 6,612 sq ft
    Where is this land located?
    The property is located at 600 Sahara Ave Las Vegas, NV.
    What is the lease rate?
    The lease rate is $198,360.
    What are key features of this property?
    This property features: 6,612 square foot retail building on a single-tenant lease.; Located in Clark County.; Previously occupied by Marie Callender's Restaurant.
    Request Owner's contact information
    600 Sahara Ave Las Vegas, NV 89104
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    Las Vegas, NV 89104
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    600 Sahara Ave Las Vegas, NV 89104
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    We can help!
    Listing Contact
    Lance Hamrick
    Lance Hamrick
    Real Estate License ID: S.71654
    Learn more
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