Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2251 Sahara Ave Las Vegas, NV 89104
    Back to Search
    Property profile & analytics

    2251 Sahara Ave, Las Vegas, NV 89104

    View on Map
    • Commercial real estate
    • 4,814 SF
    • 1.74 lot acres
    Off-Market
    Property ID
    US62-0437906
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Wow Car Wash / Car Wash

    Property Details for 2251 Sahara Ave

    Year built
    2024
    Lot size
    1.74 lot acres
    Property size
    4,814 SF
    Property type
    Commercial real estate
    APN
    162-01-401-014

    Description

    This exceptional investment opportunity presents a 2024-built, 4,814 square foot car wash located at 2251 E Sahara Ave, Las Vegas, NV 89104. The property sits on a 1.74-acre lot (APN 162-01-401-014) and boasts a prime location at the signalized intersection of Sahara Ave and Eastern Ave, experiencing combined daily traffic counts exceeding 83,850 vehicles. This single-unit car wash operates under a 20-year absolute NNN lease with a corporate guarantee from WOW Wash Midco II LLC, a company with 12 operational car washes and plans for future expansion, backed by Garnett Station Partners, managing $2.3 billion in assets. The lease includes four 5-year options and features a 2% annual rental increase. The property generates a strong net operating income (NOI) of $408,000, resulting in a 6.25% cap rate. The asking price is $6,528,000. Benefiting from its location within the Sahara Avenue auto dealership corridor, alongside major brands like Nissan, Honda, Tesla, and others, and nearby national tenants such as Sonic, Cardenas Market, and Wendy's, this car wash enjoys exceptional visibility and accessibility. The property is less than two miles from the US-95 Freeway, serving a dense population of approximately 525,823 residents within a 5-mile radius, with an average household income of approximately $61,044. The property is zoned Limited Commercial (C-1) and qualifies for bonus depreciation, offering significant tax advantages. This is a turnkey investment with exceptional potential for long-term growth and passive income.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.117358
    Latitude
    36.145254

    Comparable in this City

    • $3,400,000
      8,479 SF

      Fremont Street Entertainment Hub

      Las Vegas Event Center, Fully Remodeled
      3015 Fremont St, Las Vegas, NV 89104
      View Details
    • $1,500,000
      6,486 SF

      Prime Retail Opportunity in Las Vegas

      Retail property in Las Vegas with high occupancy and accessibility.
      3021 E Charleston Blvd, Las Vegas, NV 89104
      View Details
    • 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
      View Details
    • $2,750,000
      13,059 SF

      Retail Space For Sale

      Retail space available with a long-term tenant.
      3290 E Fremont St, Las Vegas, NV 89104
      View Details
    • Contact for pricing
      25,255 SF

      Arts District Redevelopment Opportunity

      Land in Las Vegas Arts District, opportunity zone benefits.
      1700 S Las Vegas Blvd, Las Vegas, NV 89104
      View Details
    • Contact for pricing

      High-Traffic Retail Building in Las Vegas

      One-story retail building with high visibility in central Las Vegas.
      600 East Sahara Ave, Las Vegas, NV 89104
      View Details

    Similar Nearby for Sale

    • $3,400,000
      8,479 SF

      Fremont Street Entertainment Hub

      Las Vegas Event Center, Fully Remodeled
      3015 Fremont St, Las Vegas, NV 89104
      View Details
    • $1,500,000
      6,486 SF

      Prime Retail Opportunity in Las Vegas

      Retail property in Las Vegas with high occupancy and accessibility.
      3021 E Charleston Blvd, Las Vegas, NV 89104
      View Details
    • 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
      View Details
    • $2,750,000
      13,059 SF

      Retail Space For Sale

      Retail space available with a long-term tenant.
      3290 E Fremont St, Las Vegas, NV 89104
      View Details
    • Contact for pricing
      25,255 SF

      Arts District Redevelopment Opportunity

      Land in Las Vegas Arts District, opportunity zone benefits.
      1700 S Las Vegas Blvd, Las Vegas, NV 89104
      View Details
    • Contact for pricing

      High-Traffic Retail Building in Las Vegas

      One-story retail building with high visibility in central Las Vegas.
      600 East Sahara Ave, Las Vegas, NV 89104
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Automotive Repair Center with Parking

      Equipped automotive repair center with secured parking and high traffic.
      3024 East Fremont St, Las Vegas, NV 89104
      View Details
    • Contact for pricing

      Commercial Space Available For Rent

      Commercial space available for rent at 1015 E Charleston Blvd.
      1015 E Charleston Blvd, Las Vegas, NV 89104
      View Details
    • $2 SF/Yr

      Downtown Las Vegas Arts District Development

      Newly planned brewery campus and food hall in the Arts District.
      1505 S Casino Center Blvd, Las Vegas, NV 89104
      View Details
    • Contact for pricing
      1,024 SF

      Retail Space on Eastern Avenue

      Retail space available for lease in Las Vegas, Nevada.
      2403-2415 S Eastern Ave, Las Vegas, NV 89104
      View Details
    • Contact for pricing

      Prime Retail Space in Las Vegas

      Exceptional retail space with high visibility and ample parking.
      2975 East Sahara Ave, Las Vegas, NV 89104
      View Details
    • Contact for pricing
      1,300 SF

      Retail Space Near Charleston Boulevard

      Retail space available near Charleston Boulevard and Bruce Street.
      1720-1854 E Charleston Blvd, Las Vegas, NV 89104
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2251 Sahara Ave
    Las Vegas, NV 89104
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2251 Sahara Ave, Las Vegas, NV, 89104
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!