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    Paradise Nv Las Vegas, NV 89121
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    Property profile & analytics

    Paradise Nv Las Vegas, NV 89121

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    • Retail properties & Spaces
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Isalis / (Bike/Boat/Book/etc) Store
    • Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
    • Skunk Funk / Big Box & Wholesale Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store

    Property Details for 0 Paradise Nv

    Property type
    Retail properties & Spaces
    Property subtype
    Restaurants

    Description

    This exceptional commercial property, located in Paradise, Nevada (zip code 89121), presents a unique investment opportunity. Situated on Flamingo Road, just west of Sandhill, this Class A property boasts unparalleled visibility and accessibility. The site currently features a Bank of America building slated for demolition, offering a blank canvas for redevelopment. Three retail spaces are available, ranging in size from 500 square feet to 4,500 square feet, catering to a variety of business needs. The property is classified as Retail, Land, and Restaurant, allowing for diverse tenancy options. The flexible tenancy structure accommodates multiple occupants. The owner is highly motivated and demonstrates a willingness to negotiate delivery conditions to secure the ideal tenant. This is a Build-To-Suit (BTS) or Ground Lease (GL) opportunity in Clark County, Nevada, within a thriving commercial corridor. The property's prime location and flexible terms make it an attractive proposition for businesses seeking high visibility and a strategic presence in the Las Vegas market. This is a rare chance to establish a significant presence in a high-traffic area with substantial growth potential. Contact us today to learn more about this exciting development opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.095
    Latitude
    36.1154

    Comparable in this City

    • Value Estimation by Request
      4,500 SF

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      BAR, TAVERN • 4,500 SF
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    • Value Estimation by Request
      17,620 SF

      4130 Sandhill Rd

      Lifestyle centers • 17,620 SF
      4130 Sandhill Rd, Las Vegas, NV 89121
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    • Value Estimation by Request

      Swc Tropicana & Pecos

      Office properties & Spaces
      0 Swc Tropicana & Pecos, Paradise, NV 89121
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    • Value Estimation by Request
      116,912 SF

      Eastern Ave

      Retail properties & Spaces • 116,912 SF
      0 Eastern Ave, Las Vegas, NV 89121
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    • Value Estimation by Request
      1.73 Acres

      Emerson Ave

      Land • 1.73 Acres
      0 Emerson Ave, Las Vegas, NV 89121
      View Details
    • Value Estimation by Request
      8,334 SF

      3085 Flamingo Rd

      Medical Office Space • 8,334 SF
      3085 Flamingo Rd, Las Vegas, NV 89121
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      90,732 SF

      Anchored Shopping Center with Value-Add

      90,732 SF shopping center with high traffic and value-add.
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      View Details
    • $3,474,000
      900 SF

      New Starbucks Drive-Thru Investment

      New 2025 Starbucks drive-thru with corporate-guaranteed lease in Las Vegas.
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      Redevelopment Opportunity on Desert Inn

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      Drive-Thru Pad Opportunity

      Land suitable for drive-thru, car wash, restaurant, or bank.
      3680 E Flamingo Rd, Las Vegas, NV 89121
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      Prime Pad Opportunity on Tropicana

      Pad site with frontage on Tropicana near major retailers.
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      31,086 SF

      Las Vegas Retail Space Available

      Retail space for sale in Las Vegas, 31,086 SqFt.
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    Similar Nearby for Lease

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      2,451 SF

      Restaurant Space in Casino Resort

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      Turnkey Restaurant Opportunity on Boulder

      Fully equipped restaurant space in high-traffic Las Vegas corridor.
      4860 Boulder Hwy, Las Vegas, NV 89121
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      1,554 SF

      Retail Space Near Mariana's Supermarket

      Retail opportunity near Mariana’s Supermarket, Flamingo Rd. & Pecos Rd.
      3310 E Flamingo Rd, Las Vegas, NV 89121
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    • $1.25 SF/Yr

      Prime Retail Space on Tropicana Avenue

      High-visibility retail space with strong traffic and dense residential surroundings.
      2555 East Tropicana Ave, Las Vegas, NV 89121
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    • Contact for pricing

      Las Vegas Retail Strip Center

      Neighborhood retail strip center in east central Las Vegas.
      3160 E Desert Inn Rd, Las Vegas, NV 89121
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    • $1.58 SF/Yr

      Redevelopment Opportunity on Desert Inn

      Redevelopment opportunity ideal for commercial, office, medical, or dental use.
      4915 E Desert Inn Rd, Las Vegas, NV 89121
      View Details
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    Las Vegas, NV 89121
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    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
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