4535 Sahara AveLas Vegas, NV 89102

For Sale
$2,590,000

High-Yield Office Complex, 27 Tenants

Overview

Added:
Dec 11, 2024
Days on market:
92
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.

Highlights

  • Value-add opportunity: B-class building with significant renovation potential for increased ROI.
  • High-visibility location: Excellent visibility and accessibility on W. Sahara Ave, a major Las Vegas commercial corridor.
  • Diverse income streams: 31 units offer multiple income opportunities and reduced vacancy risk.
  • Forced appreciation potential: Renovations and improved management can significantly increase property value and rental income.
  • Strong growth potential: Located in a rapidly developing area of Las Vegas with ongoing commercial expansion.
  • High upside potential: Strategic location and untapped potential offer significant return for investors.

Property Details for 4535 Sahara Ave

Property type
Other specialty properties, Retirement homes
Square Feet
21,696 SF
Class
B
Year Built
1978
Buildings
1
Stories
2
Units
31

Location Insight

City
Las Vegas
County
Clark
State
Nevada
Latitude
36.144381506436
Longitude
-115.20277980376
4535 Sahara Ave, Las Vegas, Nevada

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4535 Sahara Ave
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