Panorama Towers Retail
4585 Dean Martin Dr Las Vegas, NV 89103
For Sale
Contact for pricing
Pending
Ground floor commercial property in iconic Panorama Towers for sale.
Property Size5,191 SF
Days on Market1816
Property Features for 4585 Dean Martin Dr
General Information
- Standard status
- Pending
- Size
- 5,191 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2008
Listing Agency:
CAST
(702) 592-7187
Listed By:
Steve Neiger · License #NV B.0146583
Source:
Crexi
Added: Aug 4, 2021
Changed: Jul 6
Last Checked: Jul 24 at 6:11AM
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 CAST
Investment Insights
Based on property information with market context.
This 5,191 square foot ground floor commercial property is located in the Panorama Towers. The towers are positioned within walking distance of the Strip. The property is easily accessible from multiple primary arterials and is situated in one of the most recognizable examples of world-class architecture in the city.
Key Highlights
- Prime ground floor commercial property in Panorama Towers
- Easily accessible location near the Las Vegas Strip
- Recognizable, world‑class architecture
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $177.5k | $34.20 |
| − Vacancy | −$10.1k | −$1.95 |
| EGI | $167.4k | $32.25 |
| − OpEx | −$50.2k | −$9.68 |
| NOI | $117.2k | $22.58 |
5,191 SF · lease $34.20/SF/yr · vacancy 5.70% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.67M
$1.46M – $1.95M
NOI $117,189 @ 7.0% cap · market cap 4.69%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.79M
$1.57M – $2.09M
NOI $125,560 @ 7.0% cap · market cap 5.02%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
William David Art ...
Art Gallery
FAQs
What type of property is this?
Retail space - Ground floor commercial property in iconic Panorama Towers for sale.
Where is this retail space located?
The property is located at 4585 Dean Martin Dr Las Vegas, NV.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Prime ground floor commercial property in Panorama Towers; Easily accessible location near the Las Vegas Strip; Recognizable, world‑class architecture
