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    4480 Paradise Rd Las Vegas, NV 89109

    Sponsored
    For Lease
    $42 SF/Yr

    Las Vegas retail spaces, prime location.

    Lot size:
    58,535 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    Paradise Esplanade offers a rare opportunity to lease retail or restaurant space in a highly desirable Las Vegas location. This two-building, single-story complex boasts 58,535 square feet of space, with 6,345 square feet currently vacant. Units range from a minimum of 1,500 square feet to a maximum contiguous space of 4,845 square feet, making it suitable for a variety of businesses. The property features 315 parking spaces and is situated on a 5.27-acre lot at the highly visible northeast corner of Paradise Road and Harmon Avenue, between the Virgin Hotel and Casino and the UNLV campus. This prime location benefits from high traffic counts (approximately 79,300 cars daily) and excellent visibility from three major roadways. The property is zoned C2 and includes pylon signage opportunities, with a future digital pylon planned. Existing tenants include CVS, Famous Dave's, and Ferraro's Italian Restaurant & Wine Bar. The property's proximity to the Las Vegas Strip, Harry Reid International Airport, UNLV, the Las Vegas Convention Center, T-Mobile Arena, and Allegiant Stadium ensures a large and diverse customer base. A creative drive-thru opportunity may also be available. This is a historically low-vacancy property in the heart of Las Vegas's vibrant entertainment and dining scene. The property's address is 4480 Paradise Rd, Las Vegas, NV 89109, with APN 162-22-202-007. Built in 2005, the property consists of 20 total suites.

    Property Features for 4480 Paradise Rd

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    58,535 SF
    Total Rate
    204872.5

    Building Details

    Year Built
    2005
    Buildings
    2
    Stories
    1

    Unit(s) available at that property

    Space
    1st Fl, Ste 750
    Size
    4,950 SF
    Rate per SF
    $60
    Space
    1st Fl, Ste 350
    Size
    1,500 SF
    Rate per SF
    $60

    HighLights

    • Drive‑thru potential available.
    • High visibility near the Formula 1 Las Vegas Grand Prix (November 16‑18).
    • 79,300+ vehicles per day (VPD) traffic count.
    • Near Las Vegas Convention Center, T‑Mobile Arena, and Allegiant Stadium.
    • Adjacent to Virgin Hotel & Casino and near UNLV.
    • Signalized intersection of Paradise Rd./Harmon Ave and University Center Dr./Harmon Ave.
    Property Profile Location Intelligence

    Current Use by Public Records

    Joe's New York ... Pizza Restaurant Azuza Hookah Lounge Hookah Bar Paradise Cantina Mexican Restaurant Strip Nails Nail Salon Gangnam Asian BBQ ... Korean Barbecue Restaurant

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.15179477955
    Latitude
    36.108389613967

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    FAQs

    What type of property is this?
    Individual retail property - Las Vegas retail spaces, prime location.
    Where is this individual retail property located?
    The property is located at 4480 Paradise Rd Las Vegas, NV.
    What is the lease rate?
    The lease rate is $60 SF/Yr.
    What are key features of this property?
    This property features: Drive-thru potential available.; High visibility near the Formula 1 Las Vegas Grand Prix (November 16-18).; 79,300+ vehicles per day (VPD) traffic count.
    Request Owner's contact information
    4480 Paradise Rd Las Vegas, NV 89109
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4480 Paradise Rd Las Vegas, NV 89109
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