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    OFF-MARKET
    Land

    0 Sahara & Rainbow, Las Vegas, NV 89146

    4.43 ac lot
    Property ID
    Property summary
    AI-generated overview

    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 profile
    Verified
    Property type Land
    Lot 4.43 ac (192,971 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    CAP Approach CAP
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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