Retail Space Near
For Sale
Contact for pricing
4650 S Maryland Pkwy, Las Vegas, NV
Retail space in high-traffic university area, 8,357 square feet.
Property Size8,357 SF
Lot Size0.47 Acres
Price / SF$445.40
Days on Market322
Property Features for 4650 S Maryland Pkwy
General Information
Standard status
Active
Size
8,357 SF
Lot size
0.47 Acres
Property subtype
RETAIL
Listing Agency:
Marcus & Millichap | Phoenix
(602) 687-6700
Listed By:
Mark Ruble · License #SA550593000
(602) 770-2935
Source:
Moodyscre
Added: Nov 25, 2025
Changed: Aug 10
Last Checked: Sep 9 at 1:51PM
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 | Phoenix
Investment Insights
Based on property information with market context.
This retail space is located in a highly sought-after university trade area. The existing space measures 8,357 square feet. Maryland Parkway was recently approved for bus rapid transit in 2019. The Regional Transportation Commission (RTC) sees approximately 10,000 riders per day along the route. A transit hub is located on the UNLV campus, across from the subject property.
Key Highlights
- Highly sought after university trade area
- Existing square footage is 8,357 sf
- Transit hub located on UNLV campus across from the subject property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$188,663
Cap Rate
5.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,773,260
$3.8M
Cap Rate 7%
$2,695,186
$2.7M
Cap Rate 9%
$2,096,256
$2.1M
Market Conditions
NOI Build-Up for 8,357 SF
Gross rent
$285.8K $34.20/SF
− Vacancy
−$16.3K −$1.95/SF
EGI
$269.5K $32.25/SF
− OpEx
−$80.9K −$9.68/SF
NOI
$188.7K $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%
$3,773,260
Cap Rate 7%
$2,695,186
Cap Rate 9%
$2,096,256
Alternative Uses
Best Use
Retail
$2.70M
$2.36M – $3.14M
NOI $188,663 @ 7.0% cap · market cap 5.07%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.89M
$2.53M – $3.37M
NOI $202,139 @ 7.0% cap · market cap 5.43%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,149
Businesses Nearby
Explore this area
Business Placement
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Las Vegas, NV
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - Retail space in high-traffic university area, 8,357 square feet.
Where is this retail space located?
The property is located at 4650 S Maryland Pkwy Las Vegas, NV.
What is the asking price?
The asking price for this property is $3,722,200.
What are key features of this property?
This property features: Highly sought after university trade area; Existing square footage is 8,357 sf; Transit hub located on UNLV campus across from the subject property
