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Property profile & analytics
OFF-MARKET Estimated value $1,505,000
Turn key restaurants

3101 Sahara Ave Las Vegas, NV 89102-6006

3,348 SF 0.37 ac lot Built 1979
Individually Owned 1-yr Hold Free & Clear
Property ID
US62-0411385
Property summary
AI-generated overview

This exceptional 3,340 square foot freestanding retail building, located at 3101 W Sahara Ave in Las Vegas, NV 89102, presents a compelling owner-user investment opportunity. Built in 1979, this single-story Class C property sits on a 0.37-acre lot and boasts a Limited Commercial (C-1) zoning designation. The asking price is $2,250,000, translating to a land value of $674 per square foot. Benefit from ample on-site parking, with 8.68 spaces per 1,000 square feet, catering to both customers and employees. The property enjoys high visibility and exceptional exposure, benefiting from approximately 70,000 vehicles passing daily. Its strategic location within a vibrant commercial district places it near major shopping centers and attractions, including Sahara Pavilion North, Boulevard Mall, and Las Vegas North Premium Outlets, ensuring convenient access to a diverse customer base and a thriving neighborhood. Easy access to major transportation routes and public transit further enhances its appeal. This versatile space is ideal for a variety of business types, including retail, office, and service-oriented enterprises. The property's established infrastructure and strong local economy make it an attractive investment in a dynamic Las Vegas neighborhood. The APN is 16208104004.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1979
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 3,348 SF
Lot 0.37 ac (16,117 SF)
APN 162-08-104-004
UPID US62-0411385
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
Current use
Occupant on record · Public records
  • ATM Atm
  • I Love Tacos Las Vegas Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.25M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.76M
Blend (final) Blend
$1.51M
Owner & transaction history
Joseph E Papa · 1 yrs held
Joseph E Papa
since 2025
Last sale
$1.6M
6 recorded transactions
2025
$1.6M
2023
Price N/A
2022
$1.4M
2018
$1.1M
2016
Price N/A
2015
$730,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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