3601 Sahara AveLas Vegas, NV 89102

Property Details for 3601 Sahara Ave

Year built

2009

Construction

FRAME

Lot size

28.43 AC

Property size (Sq ft)

134,042 SF

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

138-32-615-001

APU

13832615001

Description

Sunlite Plaza, a two-story, 40,837 square foot Class B office building located at 3601 W Sahara Ave, Las Vegas, NV 89102, offers a diverse range of office spaces ideal for various business needs. This 1.67-acre property, built in 1978 and extensively renovated in 2021, features 22 suites ranging from 938 to 4,800 contiguous square feet, with a total of 22,000 square feet currently vacant. The building boasts high visibility on Sahara Avenue, including a new pylon sign with a large LED display and prominent signage opportunities for larger tenants. Amenities include 90 parking spaces, a shared conference room, newly upgraded restrooms on both floors, handicap access with an interior elevator, and a tenant directory in the lobby. Many suites offer in-suite restrooms and kitchen sinks. All suites are delivered in move-in condition with new carpet, paint, and LED lighting. The building features a 9-foot ceiling height and 220V power. The property is zoned C-1 and its Clark County APN is 162-08-101-003. The building's unique design incorporates an enclosed shared atrium, and a new restaurant is under development with a multi-level patio. This prime location in the Las Vegas submarket, just west of I-15, provides excellent access and high traffic visibility.

• CAP approach

  CAP return

  Valuation

  6%

  $29,321,894

  6.5%

  $27,066,364

  7%

  $25,133,052

• Comparable approach

  Method

  Valuation

  Relative Method

  $26,855,314

  Geo Method

  $26,855,314

• Alternative Use

  Use

  Valuation

  Residential

  $33,562,292

  Hospitality

  $30,742,878

  Educational

  $25,577,714

  Medical

  $26,457,370

  Retail

  $39,787,556

Location Insight

City

Las Vegas

County

Clark

State

Nevada

Latitude

36.1436

Longitude

-115.189

CBSA code

29820

CBSA name

LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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