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    Property profile & analytics

    2510-2680 Maryland Pkwy Paradise, NV 89109

    • Retail properties
    • 60,941 SF
    For Lease
    View listing
    $15 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties

    Property Details for 2510-2680 Maryland Pkwy

    Property size
    60,941 SF
    Property type
    Retail properties

    Description

    Sahara Towne Square, a vibrant retail center in Las Vegas, offers exceptional opportunities for businesses seeking high-traffic locations. Strategically positioned at the southwest corner of Maryland Parkway and Sahara Avenue, this center benefits from its proximity to the bustling downtown area and the high-traffic university district. The property boasts a total of 60,941 square feet, with three spaces currently available, ranging from a minimum of 1,122 square feet to a maximum contiguous space of 2,700 square feet. A total of 5,122 square feet is currently vacant. Strong anchor tenants include Smith's Food & Drug, Chase Bank, and other national retailers such as Jack-in-the-Box, China Star, Metro PCS, Koster's Loans, Supercuts, The Original Thai BBQ, Dollar Tree, and Mail Boxes Etc. The center enjoys excellent visibility and accessibility, with over 115,000 vehicles passing daily and significant pedestrian traffic due to its location on major bus lines. The property features ample parking and attractive landscaping, complemented by a total of approximately 163,000 square feet of retail space. Its convenient location serves the Boulevard Mall area, the medical district (including Sunrise Children's Hospital), downtown Las Vegas, and the University of Nevada, Las Vegas. The Clark County APN is 163-10-510-001,003.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Paradise
    County
    Clark
    State
    Nevada
    Longitude
    -115.171
    Latitude
    36.1286

    Comparable in this City

    • Value Estimation
      $2,630,000
      195,497 SF

      3200 Las Vegas S Blvd

      DEPARTMENT STORE • 195,497 SF
      3200 Las Vegas S Blvd, Las Vegas, NV 89109-2612
      View Details
    • Value Estimation
      $27,635,000
      154,112 SF

      3200 Las Vegas S Blvd

      DEPARTMENT STORE • 154,112 SF
      3200 Las Vegas S Blvd, Las Vegas, NV 89109-2612
      View Details
    • Value Estimation
      $30,580,000
      200,069 SF

      3200 Las Vegas S Blvd

      DEPARTMENT STORE • 200,069 SF
      3200 Las Vegas S Blvd, Las Vegas, NV 89109-2612
      View Details
    • Value Estimation by Request
      1.50 Acres

      Las Vegas Blvd

      Restaurants • 1.50 Acres
      0 Las Vegas Blvd, Las Vegas, NV 89109
      View Details
    • Value Estimation
      $19,180,000
      99,025 SF

      3200 Las Vegas S Blvd

      DEPARTMENT STORE • 99,025 SF
      3200 Las Vegas S Blvd, Las Vegas, NV 89109-2612
      View Details
    • Value Estimation
      $27,680,000
      104,417 SF

      3200 Las Vegas S Blvd

      DEPARTMENT STORE • 104,417 SF
      3200 Las Vegas S Blvd, Las Vegas, NV 89109-2612
      View Details

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    Similar Nearby for Lease

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    • $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
    • Contact for pricing
      110,184 SF

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      The Plaza Retail Space, Las Vegas

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    Paradise, NV 89109
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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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