4535 Sahara Ave, Las Vegas, NV 89102-3625
- Office buildings
- 21,696 SF
- 0.83 lot acres
Current Use by Public Records
- Obar Insurance Inc / Insurance Agency
- Mo Goodies Company / Industrial Manufacturer / Production Facility
- BladedbyRed / Medical Clinic / Skin Care Clinic
- Casey chopz chop shop / Barber Shop
- Royal Dealer School-Gaming School / High School
Property Details for 4535 Sahara Ave
- Year built
- 1978
- Construction
- FRAME
- Lot size
- 0.83 lot acres
- Property type
- Office buildings
- APN
- 162-07-101-007
- APU
- 16207101007
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Feb 4, 2025 | — | Sep Bady | Sep Bady | Deed · related | — |
| Nov 14, 2024 | $2,350,000 | Sep Bady | Icu Production INC | Bargain & Sale Deed | $1.5M · Farmers & Merchants Bank |
| Aug 1, 2023 | — | Icu Production INC | — | Deed · related | $725k · Washington Federal NA |
| Mar 1, 2013 | $975,000 | 4535 Sahara LLC | Mcm Properties LLC | Grant Deed | — |
| Oct 20, 2004 | — | Mcm Properties LLC | Morissey Trust | Quit Claim Deed · related | $1.5M · First Republic Bank |
| Feb 5, 2003 | $1,800,000 | Morrisey,tr | Aragon Ltd | Grant Deed | $1M · Silver State Bank |
| Sep 20, 1995 | $1,360,000 | Philip T Nelson | Nevada State Bank Trustee | Grant Deed | $900k · John Alden Life Insurance |
| — | — | 4535 Sahara LLC | — | Deed Of Trust · related | $683k · Bank Of The West |
Description
This 21,696 square foot, two-story Class B office building in Las Vegas, NV, presents a compelling value-add opportunity. Located at 4535 W. Sahara Ave, this fee-simple property boasts 31 units with 100% occupancy (until November 1, 2024), generating a current NOI of $184,769 and a 7.13% cap rate. A pro-forma NOI of $333,588 projects a 9.46% cap rate, reflecting significant upside potential. Partially renovated in 2023, the property sits on a 36,155 square foot lot zoned C-1, offering flexibility for future development. The building features 27 tenants with built-in rent bumps of 10% annually. Built in 1978, this multi-tenant property offers a strong foundation for an investor seeking to enhance value through strategic improvements and management. The prime location on W. Sahara Ave ensures high visibility and accessibility, attracting a diverse range of commercial tenants. This investment presents a unique chance to capitalize on a growing Las Vegas market and achieve substantial returns.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,755,000
- ML approach
- $1,795,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $3,076,000
Market price range: $1.49M - $6.60M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Las Vegas
- County
- Clark
- State
- Nevada
- Longitude
- -115.203
- Latitude
- 36.1438
- CBSA code
- 29820
- CBSA name
- LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA
