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    8064 Sahara Ave Las Vegas, NV 89117

    • Office Properties & Spaces
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • The Law Offices Of Kristian Lavigne And Associates / Law Firm
    • Next Level Connections / Counselor
    • Business Elite / Business Management Consultant
    • Maxus Real Estate / Real Estate Agency
    • Kirk Fish Store / Fish Store

    Property Details for 8064 Sahara Ave

    Property type
    Office Properties & Spaces

    Description

    R&R Plaza offers two available office suites ranging from 1,935 to 2,098 square feet in a Class B building. Located at 8064 W Sahara Ave, Las Vegas, NV 89117, this property is part of a larger complex comprising approximately 54,394 square feet on 4.46 acres. The complex features five one-story and one two-story building, and enjoys excellent visibility on a busy commercial corridor with building and monument signage. The property is situated in a thriving area surrounded by residential housing and local businesses, ensuring consistent traffic flow. Three vacancies remain within this popular business park, which houses a diverse mix of professional and medical tenants. The property is zoned C-1 (Limited Commercial District) and offers multiple tenancy options with a minimum divisible space of 1,935 square feet. This presents a unique opportunity for businesses seeking high-visibility office space in a well-established Las Vegas location. The Clark County APN is 162-04-812-001.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.267
    Latitude
    36.1444

    Comparable in this City

    • Value Estimation by Request
      235 SF

      8290 Sahara Ave Suite

      Land • 235 SF
      8290 Sahara Ave Suite, Las Vegas, NV 89117
      View Details
    • Value Estimation by Request
      425 SF

      8290 Sahara Ave Suite

      Land • 425 SF
      8290 Sahara Ave Suite, Las Vegas, NV 89117
      View Details
    • Value Estimation by Request
      515 SF

      8290 Sahara Ave Suite #165

      Land • 515 SF
      8290 Sahara Ave Suite #165, Las Vegas, NV 89117
      View Details
    • Value Estimation by Request
      31,106 SF

      8290 Sahara Ave

      Land • 31,106 SF
      8290 Sahara Ave, Las Vegas, NV 89117
      View Details
    • Value Estimation by Request
      30,224 SF

      1151 Buffalo Dr

      Neighborhood centers • 30,224 SF
      1151 Buffalo Dr, Las Vegas, NV 89117
      View Details
    • Value Estimation by Request
      42,041 SF

      1250 Buffalo Dr

      Medical offices • 42,041 SF
      1250 Buffalo Dr, Las Vegas, NV 89117
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

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      Acuity Financial Center: Premier Office Space

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      Las Vegas Office Space for Lease

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    • $23 SF/Yr
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      Office Space on Sahara Avenue

      Office space available for lease on West Sahara Avenue.
      7945 W Sahara Ave, Las Vegas, NV 89117
      View Details
    • $1.70 SF/Yr
      1,288 SF

      Office Space in The Pines

      Office spaces available in a well-located Las Vegas office park.
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    • Contact for pricing
      2,560 SF

      Office Space Available For Rent

      Office space available for rent at 9510 W Sahara Ave.
      9510 W Sahara Ave, Las Vegas, NV 89117
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    • Contact for pricing
      2,646 SF

      Office Space Available For Rent

      2646 square feet office space for rent in Las Vegas.
      2650 Lake Sahara Dr, Las Vegas, NV 89117
      View Details
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    8064 Sahara Ave
    Las Vegas, NV 89117
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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
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