2500 Sahara AveLas Vegas, NV 89102

Property Details for 2500 Sahara Ave

Year built

1996

Construction

FRAME

Lot size

1.40 AC

Property size (Sq ft)

22,626 SF

Property type

Office buildings

APN

162-05-818-004

APU

16205818004

Description

The Paseo Financial Center, a Class B, two-story office building totaling 22,460 square feet, presents a compelling investment opportunity in Las Vegas, Nevada. Built in 1996, this single building property sits on a 1.4-acre lot at 2500 W Sahara Ave, 89102, boasting a convenient location near the intersection of Sahara and Rancho, with easy access to I-15 and I-95. Currently, 5,783 square feet of space is available for lease, ideal for various professional uses including executive, medical, traditional, and creative office spaces. The building features one elevator and ample covered parking. Its strategic location across from the recently renovated Palace Station Casino and minutes from the Las Vegas Strip makes it highly visible and accessible. The property's multiple tenancy allows for flexibility, catering to businesses of varying sizes. This centrally located building offers a strong potential for return on investment, given its prime location and proximity to major transportation arteries and key attractions. The APN is 162-05-818-004. One available space is 5,584 square feet.

• CAP approach

  CAP return

  Valuation

  6%

  $4,834,738

  6.5%

  $4,462,836

  7%

  $4,144,062

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,533,119

  Geo Method

  $4,533,119

• Alternative Use

  Use

  Valuation

  Residential

  $5,533,916

  Hospitality

  $5,069,037

  Educational

  $4,217,380

  Medical

  $4,362,422

  Retail

  $6,560,368

Location Insight

City

Las Vegas

County

Clark

State

Nevada

Latitude

36.1456

Longitude

-115.176

CBSA code

29820

CBSA name

LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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