Panorama Towers Retail
For Sale
Contact for pricing
4585 Dean Martin Drive, Las Vegas, NV 89103
Ground floor commercial property in iconic Panorama Towers for sale.
Property Size5,191 SF
Price / SF$481.60
Days on Market213
Property Features for 4585 Dean Martin Drive
General Information
Standard status
Active
Size
5,191 SF
Property subtype
Retail
Lease Type
NNN
Investment Type
Net Lease
Building Details
Year Built
2008
Buildings
1
Tenancy
Single
Listing Agency:
CAST
Listed By:
Steve Neiger · License #NV B.0146583
(702) 592-7187
Source:
Crexi
Added: Mar 26
Changed: Oct 15
Last Checked: Oct 23 at 5:17AM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$117,189
Cap Rate
4.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,343,780
$2.3M
Cap Rate 7%
$1,674,129
$1.7M
Cap Rate 9%
$1,302,100
$1.3M
Market Conditions
NOI Build-Up for 5,191 SF
Gross rent
$177.5K $34.20/SF
− Vacancy
−$10.1K −$1.95/SF
EGI
$167.4K $32.25/SF
− OpEx
−$50.2K −$9.68/SF
NOI
$117.2K $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%
$2,343,780
Cap Rate 7%
$1,674,129
Cap Rate 9%
$1,302,100
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 authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,666
Businesses Nearby
Explore this area
Business Placement
Demographics for 89103, NV
49,461
Population
25,470
Households
1.9
Avg Household Size
39
Median Age
20%
College-Educated
83%
High-School Grad
6.5 sq mi
ZIP Area
7,609
Density / Sq Mi
$48,311
Median Household Income
$33,520
Median Earnings
$1,300
Median Rent
$273,800
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
Frequently Asked Questions
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 Drive 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
