Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3342 Sandhill Rd Paradise, NV 89121

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Paradise, NV Retail Center - 3 Spaces

    Lot size:
    16,000 SF

    Property Features for 3342 Sandhill Rd

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    16,000 SF
    Class
    B
    Total Rate
    20000

    Building Details

    Year Built
    1976
    Buildings
    1
    Stories
    1

    Spaces For Lease

    at 3342 Sandhill Rd, Paradise, NV 89121 Contact us
    Unit 3342-5

    $15 /Mo

    Size
    1,200 SF
    Contact us
    Unit 3342-10

    $15 /Mo

    Size
    1,200 SF
    Contact us
    Unit 3342-9

    $15 /Mo

    Size
    1,200 SF
    Contact us

    We can help!

    Listing Contact
    Laramie Bracken
    Laramie Bracken

    Listing Agency: Gatski Commercial Listing Agent: Laramie Bracken

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Vallejo Center, located at 3342 S Sandhill Rd in Paradise, Nevada (zip code 89121), presents a compelling retail investment opportunity. This single-story, 16,000 square foot Class B retail center, built in 1976, boasts a prime location at the busy intersection of Desert Inn and Sandhill Roads. The property offers excellent visibility and accessibility with ample parking for 72 vehicles. Three individual spaces are currently available, ranging in size from 1,200 to 3,600 square feet, making it suitable for a variety of retail or restaurant uses. The center is zoned C-2, allowing for diverse commercial applications. The property features prominent pylon and building signage opportunities, enhancing visibility for tenants. With its convenient location, ample parking, and strong signage potential, Vallejo Center provides an excellent platform for businesses seeking high-traffic exposure in a thriving area of Paradise, Clark County, Nevada. The property's APN is 161-18-510-015. The building has no elevators. This is a second-generation space, offering multiple tenancy options.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Casa Blanca Home ... Furniture & Home Goods JVG Corp Marketing & Advertising Super Mini Mart Grocery & Convenience Store Professional Electric Co ... Electrical Service Burgers N More Restaurant

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Paradise
    County
    Clark
    State
    Nevada
    Longitude
    -115.0912188
    Latitude
    36.1292668

    Nearby Similar for Lease

    • Contact for pricing
      38,953 SF

      Flamingo Road Retail Sublease Opportunity

      Large Retail Space, High Traffic Area, Nevada
      1360 Flamingo Rd, Paradise, NV 89119
      View Details
    • $3 SF/Yr
      2,000 SF

      Prime Paradise Retail Space

      High-traffic location, 1,917 sq ft available
      10890 Eastern Ave, Paradise, NV 89123
      View Details
    • $19 SF/Yr
      91,733 SF

      Flamingo Professional Center

      Las Vegas Office Space Available
      2080 Flamingo Rd, Paradise, NV 89119
      View Details
    • $15 SF/Yr
      60,941 SF

      Sahara Towne Square Retail Spaces

      Las Vegas retail center; multiple spaces available.
      2510-2680 Maryland Pkwy, Paradise, NV 89109
      View Details
    • $21 SF/Yr
      9,268 SF

      Paradise Retail Center Investment

      Four Suites Available, High Traffic Area
      1155 Twain Ave, Paradise, NV 89169
      View Details
    • $27 SF/Yr
      6,503 SF

      Las Vegas Creative Office Suite

      Prime location, 6,503 sq ft, single tenant.
      3900 Paradise Rd, Paradise, NV 89119
      View Details
    • $27 SF/Yr
      72,536 SF

      XYZ² Center: Las Vegas Office Space

      72,536 SF Office Campus in Chinatown
      4425 Spg Mtn Rd, Paradise, NV 89102
      View Details

    FAQs

    What type of property is this?
    Restaurant - Paradise, NV Retail Center - 3 Spaces
    Where is this restaurant located?
    The property is located at 3342 Sandhill Rd Paradise, NV.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: 1,200 - 3,600 SF of retail space available for lease.; Modified gross lease terms.; No common area maintenance (CAM) fees.
    (702) 765-8888 Call to check price and availability
    Request Owner's contact information
    3342 Sandhill Rd Paradise, NV 89121
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3342 Sandhill Rd
    Paradise, NV 89121
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    3342 Sandhill Rd Paradise, NV 89121
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Laramie Bracken
    Laramie Bracken
    Real Estate License ID: S.0065576
    (702) 765-8888
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!