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    2050 Eastern Ave Las Vegas, NV 89104-4100
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    Property profile & analytics

    2050 Eastern Ave Las Vegas, NV 89104-4100

    View on Map
    • Office buildings
    • 4,542 SF
    • 0.42 lot acres
    Off-Market
    Last Sale Feb 16, 2021
    Property ID
    US62-0369881
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $1,150,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Eric Palacios & Associates Ltd / Law Firm
    • Southern Nevada Health District Testing Site - Eric Palacios & Associates / Public Health Department
    • Palacios Realty, LLC / Real Estate Agency
    • Israel The Realtor Alvarez / Real Estate Agency

    Property Details for 2050 Eastern Ave

    Year built
    2011
    Construction
    FRAME
    Lot size
    0.42 lot acres
    Property size
    4,542 SF
    Property type
    Office buildings
    APN
    162-02-801-005
    APU
    16202801005

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,245,000
      6.5%
      $1,145,000
      7%
      $1,065,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,156,000
      Market price range: $546k - $1.16M
      AI Estimate
      $1,144,000
      Market price range: $492k - $1.14M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $805,000
      Current use
      MEDICAL BUILDING
      $1,250,000
      Change: +55% Conversion: Easy
      COMMERCIAL (GENERAL)
      $1,150,000
      Change: +43% Conversion: Easy
      RETAIL STORES
      $1,120,000
      Change: +39% Conversion: Moderate
      WAREHOUSE, STORAGE
      $845,000
      Change: +5% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.119
    Latitude
    36.1476
    CBSA code
    29820
    CBSA name
    LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $9,774
    $51,226
    $242,822
    $294,048
    -
    $146,360
    $693,777
    $840,137

    Comparable in this City

    • Value Estimation by Request
      0.14 Acres

      1914 Sahara Ave

      PROFESSIONAL BUILDING • 0.14 Acres
      1914 Sahara Ave, Las Vegas, NV 89104-3809
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    • Value Estimation by Request
      0.06 Acres

      Las Vegas, NV 89104

      PROFESSIONAL BUILDING • 0.06 Acres
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    • Value Estimation by Request
      0.22 Acres

      4228 Charleston Blvd

      PROFESSIONAL BUILDING • 0.22 Acres
      4228 Charleston Blvd, Las Vegas, NV 89104-2387
      View Details
    • Value Estimation
      $3,290,000
      18,480 SF

      953 Sahara Ave, Unit 130

      OFFICE BUILDING • 18,480 SF
      953 Sahara Ave, Las Vegas, NV 89104-3005
      View Details
    • Value Estimation by Request
      1,050 SF

      4000 Charleston Blvd, Unit 102

      OFFICE BUILDING • 1,050 SF
      4000 Charleston Blvd, Las Vegas, NV 89104-6659
      View Details
    • Value Estimation by Request
      1,100 SF

      4000 Charleston Blvd, Unit 116

      OFFICE BUILDING • 1,100 SF
      4000 Charleston Blvd, Las Vegas, NV 89104-6659
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,038 SF

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      Well-located office building on Eastern Avenue, minutes from US-95.
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      6,000 SF

      Sahara Avenue Office Building For Sale

      6,000 SF office building with three units, one vacant.
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      1,760 SF

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      11,716 SF

      Office Space Available For Rent

      Office space available for lease in Las Vegas, Nevada.
      7900 W Sahara Ave, Las Vegas, NV 89104
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    • Contact for pricing
      30,358 SF

      Las Vegas Retail Investment Opportunity

      30,358 SF building in prime Las Vegas location.
      600-620 E Sahara Ave, Las Vegas, NV 89104
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    • Contact for pricing
      3,000 SF

      Las Vegas Retail Investment Opportunity

      Retail space with lease in place and future upside.
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    Similar Nearby for Lease

    • Contact for pricing
      2,440 SF

      Professional Office Space Available

      Office suites available with tenant improvement allowance and parking.
      1785 E Sahara Ave, Las Vegas, NV 89104
      View Details
    • $18 SF/Yr
      6,000 SF

      Sahara Ave Medical Office Space

      6,000 SF Medical Office Suite in Las Vegas
      953 Sahara Ave, Las Vegas, NV 89104
      View Details
    • Contact for pricing

      Move-in Ready Sublease Office Space

      First floor office space available for sublease with flexible options.
      1820 E Sahara Ave, Las Vegas, NV 89104
      View Details
    • Contact for pricing

      Two-Story Building Near Arts District

      Two-story building near the Arts District with high traffic counts.
      1 E Charleston Blvd, Las Vegas, NV 89104
      View Details
    • $2 SF/Yr

      Prime Retail Space in Las Vegas

      Highly visible retail and dental spaces in East Las Vegas.
      4215-4275 E Charleston Blvd, Las Vegas, NV 89104
      View Details
    • $1.10 SF/Yr

      Las Vegas Industrial Opportunity

      Industrial building with fenced yard space in Las Vegas.
      3250 Palm Pkwy, Las Vegas, NV 89104
      View Details
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    2050 Eastern Ave
    Las Vegas, NV 89104-4100
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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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