5661 Sahara AveLas Vegas, NV 89146

  • Strip malls
  • 15,822 SF
For Lease
$15.60/SF/YR View listing

Property Details for 5661 Sahara Ave

Year built
1995
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
1.55 AC
Property size (Sq ft)
15,822 SF
Property type
Strip malls
Property subtype
Neighborhood centers
APN
163-12-102-008
APU
16312102008

Description

Westview Plaza, located at 5661 W Sahara Ave, Las Vegas, NV 89146, presents a prime retail opportunity. This 19,392 square foot neighborhood center, built in 1995, consists of four single-story buildings with twelve suites. Currently, 2,160 square feet of retail space is available, divisible into units as small as 1,080 square feet and up to a contiguous 2,160 square feet. The property enjoys a central location just west of Las Vegas' core, surrounded by residential areas and schools, ensuring a strong customer base. Situated on the south side of West Sahara Avenue, a major thoroughfare, the center benefits from high visibility and significant vehicular traffic. Its convenient location offers easy freeway access, being only 3.5 miles from I-15 and 2.5 miles from US-95. The property is zoned C2, Las Vegas, and offers excellent exposure for various retail concepts. This is an exceptional opportunity to establish or expand your business in a thriving Las Vegas location. The cross streets are W Sahara Ave & Westwind Rd.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $5,052,768
    6.5%
    $4,664,094
    7%
    $4,330,944
  • Comparable approach

    Method
    Valuation
    Relative Method
    $7,988,243
    Geo Method
    $7,988,243
  • Alternative Use

    Use
    Valuation
    Residential
    $3,934,338
    Hospitality
    $3,603,832
    Educational
    $2,998,346
    Medical
    $3,101,464
    Retail
    $4,664,094
5661 Sahara Ave, Las Vegas, Nevada

Location Insight

City
Las Vegas
County
Clark
State
Nevada
Latitude
36.1436
Longitude
-115.22
CBSA code
29820
CBSA name
LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$27,672
$448,995
$503,258
$952,253
-
$1,282,843
$1,437,880
$2,720,723

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