Freestanding Retail
New
For Sale
$9,900,000
4211 Paradise Rd, Las Vegas, NV 89119
Positioned near a signal-controlled intersection, the property offers a standalone retail presence along Paradise Road.
Property Size13,233 SF
Price / SF$748.13
Days on Market2
Property Features for 4211 Paradise Rd
General Information
Standard status
Active
Size
13,233 SF
Property subtype
Department Store
Lease Type
NN
Additional Details
Cap Rate
7%
Amenities
Recently Extended Corporate Lease through December 2033 - Tenant Committed to a Seven-Year Extension in February 2026, Carrying the Lease through December 31, 2033 with one Five-Year Renewal Option.
Publicly Traded Corporate Tenant - Casual Male Retail Store, LLC, a Subsidiary of Destination XL Group (NASDAQ: DXLG), Operates 290+ Stores Nationwide and Reported $435M in Fiscal 2025 Sales.
Positioned one Mile from the World-Famous Las Vegas Strip - Las Vegas Welcomed More than 38 Million Visitors in 2025, including Nearly 6 Million Convention Attendees, and Supports 150k+ Hotel Rooms.
Substantial Daytime Population Surrounding the Site - UNLV Sits Less than one Mile East with More than 33,700 Students, and the 1.5 Million Square Foot Hughes Center Office Park Anchors the Immediate Corridor.
Minutes from Harry Reid International Airport - LAS Served Nearly 55 Million Passengers in 2025, its Third-Busiest Year on Record, Following Consecutive All-Time Records in 2023 and 2024.
Superb Signage and Visibility along Paradise Road - Standalone Building Features Excellent Frontage, a Large Monument Sign, and Four-Way Signalized Access on one of the Resort Corridor's Primary North-South Thoroughfares.
Significant new Development Surrounding the Location - Nearby Projects include the $2 Billion Athletics Ballpark Opening 2028 and the Approximately $4 Billion Hard Rock Las Vegas Opening 2027, Following Resorts World and Sphere.
Strong Intrinsic Value - the Property has the Potential of Being Part of a Future Land Assemblage for a New Resort/Hotel.
Building Details
Building Size
13,233 SF
Buildings
1
Listing Agency:
Marcus & Millichap - San Diego
Listed By:
Bill Rose · License #License(s): CA: 01170320, NV: S.0198735
(858) 373-3132
Source:
Marcusmillichap
Added: Oct 14
Changed: Oct 15
Last Checked: Oct 15 at 1:53AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - San Diego
Investment Insights
Based on property information with market context.
The freestanding retail property contains 13,233 square feet and is located on Paradise Road in Las Vegas. Its standalone configuration provides a distinct retail building in an established infill corridor, with a monument sign on the site.
The property is near the Paradise Road and East Flamingo Road intersection. Virgin Hotels Las Vegas is just to the south, and the Hughes Center office park is nearby. The University of Nevada, Las Vegas is less than one mile east, while Harry Reid International Airport is south of the site. These surrounding destinations include resort, office, university, and air-travel activity.
The property is near the Paradise Road and East Flamingo Road intersection. Virgin Hotels Las Vegas is just to the south, and the Hughes Center office park is nearby. The University of Nevada, Las Vegas is less than one mile east, while Harry Reid International Airport is south of the site. These surrounding destinations include resort, office, university, and air-travel activity.
Key Highlights
- 13,233‑square‑foot freestanding retail building
- Located along Paradise Road near East Flamingo Road
- On‑site monument sign
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$298,741
Cap Rate
3.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,974,820
$6.0M
Cap Rate 7%
$4,267,729
$4.3M
Cap Rate 9%
$3,319,344
$3.3M
Market Conditions
NOI Build-Up for 13,233 SF
Gross rent
$452.6K $34.20/SF
− Vacancy
−$25.8K −$1.95/SF
EGI
$426.8K $32.25/SF
− OpEx
−$128.0K −$9.68/SF
NOI
$298.7K $22.58/SF
Area
Las Vegas, NV
Vacancy
5.70%
Lease Rate
$34.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,974,820
Cap Rate 7%
$4,267,729
Cap Rate 9%
$3,319,344
Alternative Uses
Best Use
Retail
$4.27M
$3.73M – $4.98M
NOI $298,741 @ 7.0% cap · market cap 3.02%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.57M
$4.00M – $5.33M
NOI $320,079 @ 7.0% cap · market cap 3.23%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,424
Businesses Nearby
Explore this area
Business Placement
Demographics for 89119, NV
48,895
Population
24,756
Households
2
Avg Household Size
36
Median Age
20%
College-Educated
84%
High-School Grad
12.9 sq mi
ZIP Area
3,790
Density / Sq Mi
$46,472
Median Household Income
$32,590
Median Earnings
$1,184
Median Rent
$301,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Las Vegas, NV
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Frequently Asked Questions
What type of property is this?
Retail space - Positioned near a signal-controlled intersection, the property offers a standalone retail presence along Paradise Road.
Where is this retail space located?
The property is located at 4211 Paradise Rd Las Vegas, NV.
What is the asking price?
The asking price for this property is $9,900,000.
What are key features of this property?
This property features: 13,233‑square‑foot freestanding retail building; Located along Paradise Road near East Flamingo Road; On‑site monument sign
