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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4000 Sahara Ave Las Vegas, NV 89102

    • Retail space
    • 5,950 SF
    • 0.43 lot acres
    For Lease
    View listing
    $21 SF/Yr
    Last Sale
    Feb 24, 2021
    $1,130,000
    Value Estimations
    $1,180,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US62-1246819
    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.

    Current Use by Public Records

    • Clothes / Clothing Store
    • Apex Endodontics of Las Vegas / Dental Office
    • Dr. Eddie Tai / Dental Office

    Property Details for 4000 Sahara Ave

    Year built
    1977
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.43 lot acres
    Property size
    5,950 SF
    Property type
    Retail space
    APN
    162-06-812-002
    APU
    16206812002

    Description

    This exceptional retail property, located at 4000 W Sahara Ave in Las Vegas, Nevada, offers 2,950 square feet of newly renovated space. The single-story building, constructed in 1977 and completely renovated in 2022, sits on a 0.43-acre lot and is zoned C-1. The property boasts ample parking with 20 spaces available for customers and employees. The building features a multi-tenant configuration, presenting a unique opportunity for businesses seeking a vibrant and accessible location. Its prime location on Sahara Avenue ensures high visibility and convenient access for customers. The property's recent renovation guarantees modern and updated facilities, ready for immediate occupancy. The Clark County location (APN 162-06-812-002) offers easy access to major transportation routes and a thriving commercial district. This is an ideal opportunity for businesses seeking a well-maintained, high-traffic retail space in a desirable Las Vegas location. The property's updated infrastructure and convenient amenities make it an attractive option for a variety of retail uses. Currently, one space is available within the building.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,305,000
      ML approach
      $1,465,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $880,000
      Market price range: $670k - $1.50M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,220,000
      Current use
      OFFICE BUILDING
      $1,785,000
      Change: +46% Conversion: Easy
      MEDICAL BUILDING
      $1,640,000
      Change: +34% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.194
    Latitude
    36.1449
    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
    $5,531
    $111,449
    $73,832
    $185,281
    -
    $318,426
    $210,949
    $529,375

    Comparable in this City

    • Value Estimation by Request
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    • Value Estimation
      $1,145,000
      20,375 SF

      4276 Spg Mtn Rd

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    • Value Estimation
      $1,365,000
      6,924 SF

      3200 Vly Vw Blvd Ste, Unit 200

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      1,687 SF

      4318 Charleston Blvd

      RETAIL STORES (PERSONAL SERVICES) • 1,687 SF
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      10,430 SF

      1701 Decatur Blvd

      RETAIL STORES (PERSONAL SERVICES) • 10,430 SF
      1701 Decatur Blvd, Las Vegas, NV 89102-8598
      View Details
    • Value Estimation
      $3,700,000
      0.14 Acres

      3630 Sahara Ave

      RETAIL STORES (PERSONAL SERVICES) • 0.14 Acres
      3630 Sahara Ave, Las Vegas, NV 89102-5868
      View Details

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    Similar Nearby for Lease

    • $3 SF/Yr
      4,644 SF

      Retail Space Near High-Traffic Intersection

      Retail spaces available near a busy Las Vegas intersection.
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      View Details
    • $3 SF/Yr
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      Retail Space on Sahara Avenue

      Retail spaces available in busy Las Vegas shopping center.
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      View Details
    • $3 SF/Yr
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      Retail Space in Busy Intersection

      Retail spaces available in high-traffic Las Vegas location.
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      Retail Space Near High Traffic

      Retail space available near Walmart and Lowe's with high visibility.
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      Retail Space on Sahara Avenue

      Retail spaces available at a busy Las Vegas intersection.
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      View Details
    • $1.75 SF/Yr
      5,950 SF

      Renovated Retail/Office Building on Sahara

      Fully renovated retail and office building with high-traffic visibility.
      4000 W Sahara Ave, Las Vegas, NV 89102
      View Details
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    4000 Sahara Ave
    Las Vegas, NV 89102
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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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