Property profile

3601 Sahara Ave 112 Las Vegas, NV 89102

OFF-MARKET
Investment properties
Property ID
US62-0493997
134,042 SF 28.43 ac lot Built 2009
Entity Owned 4-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

Sunlite Plaza, a two-story, 40,837 square foot Class B office building located at 3601 W Sahara Ave, Las Vegas, NV 89102, offers a diverse range of office spaces ideal for various business needs. This 1.67-acre property, built in 1978 and extensively renovated in 2021, features 22 suites ranging from 938 to 4,800 contiguous square feet, with a total of 22,000 square feet currently vacant. The building boasts high visibility on Sahara Avenue, including a new pylon sign with a large LED display and prominent signage opportunities for larger tenants. Amenities include 90 parking spaces, a shared conference room, newly upgraded restrooms on both floors, handicap access with an interior elevator, and a tenant directory in the lobby. Many suites offer in-suite restrooms and kitchen sinks. All suites are delivered in move-in condition with new carpet, paint, and LED lighting. The building features a 9-foot ceiling height and 220V power. The property is zoned C-1 and its Clark County APN is 162-08-101-003. The building's unique design incorporates an enclosed shared atrium, and a new restaurant is under development with a multi-level patio. This prime location in the Las Vegas submarket, just west of I-15, provides excellent access and high traffic visibility.

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 2009
Construction FRAME
Total area 134,042 SF
Lot 28.43 ac (1,238,411 SF)
APN 138-32-615-001
UPID US62-0493997

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Art Gallery
  • Tax Preparation
  • Insurance Agency
  • Skin Care Clinic
  • Medical Laboratory

Location

3601 Sahara Ave, Unit 112 Las Vegas, NV 89102-5822
Las Vegas metro Census 2201 LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$190.12M
Blend (final) Blend
$185.18M

Owner & transaction history

since 2022
Last sale
$185.2M
4 recorded transactions
2022
$27.0M
2022
$185.2M
2022
$26.4M
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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