Property profile

5950 W Sahara Ave Las Vegas, NV 89117

FOR LEASE
Banks
Property ID
US62-0784349
5,900 SF 1.73 ac lot Built 1981
Entity Owned 4-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 0.8-acre commercial land parcel presents a rare build-to-suit or ground lease opportunity in Las Vegas, Nevada. Located at the Northwest corner of Sahara Avenue and Red Rock Street, this property boasts over 100 feet of frontage on Sahara Avenue, a major thoroughfare with approximately 41,500 vehicles per day. The site benefits from its strategic position within the Sahara Avenue Auto Dealership corridor, surrounded by established businesses including several auto dealerships, Burlington, and the Las Vegas Athletic Club. The high traffic counts are further enhanced by proximity to Jones Boulevard (approximately 26,700 vehicles per day), resulting in a combined daily traffic count of approximately 68,200 vehicles. This prime location serves a dense residential area, with over 187,387 households within a 5-mile radius (2023 data). The property is zoned Limited Commercial (C-1) and features a 16301401008 APN. Its convenient access to major transportation arteries, including the I-15 Freeway, US-95 Highway, and the College of Southern Nevada (CSN) within 3 miles, adds to its significant appeal. This is an ideal location for a variety of commercial developments seeking high visibility and strong demographics. The property is a single-tenancy site.

Property profile

Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1981
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 5,900 SF
Lot 1.73 ac (75,359 SF)
APN 163-01-401-008
UPID US62-0784349

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
  • Bank Loan Service

Location

5950 W Sahara Ave Las Vegas, NV 89117
Las Vegas metro Census 1003 LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$3.39M
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.29M
Blend (final) Blend
$3.41M

Owner & transaction history

since 2022
Last sale
$3.5M
1 recorded transaction
2022
$3.5M

Zoning & alternative use

Top alternative use upside
Restaurant $4.3M +31.4%
Commercial (general) $3.7M +15.4%
Auto repair, garage $3.3M +1.3%

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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