Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,320,000
Medical Office Space
824 Sahara Ave Las Vegas, NV 89104-3018
Entity Owned
Free & Clear
Property ID
US62-1276995
Property summary
AI-generated overview
This Las Vegas commercial property, located at 824 E. Sahara Avenue, offers a unique investment opportunity. The 0.44-acre lot features two single-story buildings, totaling 5,275 square feet of net rentable space. One building, recently renovated in 2020, boasts 2,503 square feet of modern office space, complete with a new roof, plumbing, three air conditioning units, enhanced security gates, and twelve dedicated parking spaces. The second building, also 2,503 square feet, is currently under construction but has grandfathered permits for completion. The property is zoned C-1 and was built in 1966. The combined property offers approximately 26 parking spaces. This owner/user investment is priced at $600,000, or $113.74 per square foot. The property's location in the heart of Las Vegas, near the Las Vegas Strip, provides exceptional visibility and accessibility. This is an excellent opportunity for a business seeking a prominent location or an investor looking for a strong return. The Clark County property (APN 162-03-801-020) is available for sale.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1969
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,777 SF
Lot
0.44 ac (19,166 SF)
APN
162-03-801-020
UPID
US62-1276995
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
-
SEO LV Marketing & Advertising
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.27M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.02M
Blend (final)
Blend
$1.32M
Owner & transaction history
East Sahara Holdings LLC
East Sahara Holdings LLC
since 2026
Last sale
$1.5M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.5M
+101.8%
Neighborhood: shopping center
$1.2M
+57.7%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Las Vegas submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Las Vegas submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$1,265,000
ML approach
$1,270,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$1,540,000
Change: +102% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,205,000
Change: +58% · Conversion: Difficult
Blend value · Realmo final
$1.32M
Range $1.19M – $1.45M · ±10% · vs last sale $1.53M (May 21 2025)
Last sale anchor
$1.53M
May 21 2025
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$475 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$5,759
Tax year 2023
Assessed value
$204,720
Assessed 2024
Previous assessed
$191,468
+6.9% YoY
Effective rate
2.81%
On assessed value
Assessed land
$90,559
Assessed improvement
$114,161
Land market value
$258,740
Improvement market value
$326,174
Total market value
$584,914
Applied tax rate
212.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1969
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Buildings
2
Stories
1
Total area
2,777 SF
Lot
0.44 ac (19,166 SF)
APN
162-03-801-020
UPID
US62-1276995
Jurisdiction
CLARK
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$1.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.2M
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1969
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Buildings
2
Lot
0.44 ac
Current owner
From public records · entity-resolved
East Sahara Holdings LLC
Entity
Free & Clear · 0 yrs held
Mailing address
5375 PENDINI PT CT, LAS VEGAS, NV 89141-0419
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 8, 2026
—
East Sahara Holdings LLC
Zalach
Bargain & Sale Deed
—
Jul 22, 2025
—
Karen Zalach
Jade Madison
Deed
related
—
May 21, 2025
—
Jade Madison
Andrew Madison
Deed
related
—
May 21, 2025
$1,525,000
Roi Zalach
Jade Madison
Bargain & Sale Deed
—
Feb 23, 2018
—
Jade Madison
Madison,andrew
Quit Claim Deed
related
—
Feb 23, 2018
$500,000
Jade Madison
Gloville Enterprise LLC
Bargain And Sale Deed
$468,600 · Meadows Bank
Feb 1, 2011
$210,000
Gloville Ent LLC
Lehman Brothers 2007-2
Grant Deed
—
Apr 10, 2007
$860,000
Desert Inn Road Properties LLC
Paul Rosa
Bargain And Sale Deed
$774,000 · Lehman Brothers Bank Fsb
Nov 7, 2005
$805,000
Paul Rosa
Leonardo Israeli
Bargain And Sale Deed
$684,200 · Lehman Brothers Bank Fsb
Aug 12, 2002
$500,000
Leonardo Israeli
Busch,tr
Grant Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 824 Sahara Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
