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    Paradise Nv Las Vegas, NV 89183
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    Property profile & analytics

    Paradise Nv Las Vegas, NV 89183

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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 in Paradise, Nevada, presents a rare opportunity for businesses seeking a high-visibility location. The offering encompasses two distinct spaces: a +/- 2,500 square foot drive-thru corner pad, ideal for quick-service restaurants or similar businesses, and a +/- 8,700 square foot multi-tenant building. Both are available for ground lease or build-to-suit options, providing flexibility for potential tenants. Situated on a hard corner at a signalized intersection, this property benefits from excellent visibility and accessibility, located where two commuter roads connect to St. Rose Parkway and the I-15 freeway. The location boasts a strong demographic profile, serving a population of nearly 150,000 within a three-mile radius, with an average household income exceeding $115,000. The property is classified as retail, land, and restaurant, suitable for a variety of commercial uses. The total available space ranges from 1,200 to 9,000 square feet, offering options for businesses of various sizes. This single-tenant property is located in Clark County, Nevada, with the address in Paradise, zip code 89183. The property's strategic location and strong demographics make it an attractive investment opportunity for discerning businesses.

    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
    -115.155
    Latitude
    35.9994

    Comparable in this City

    • Value Estimation by Request
      3.39 Acres

      11997 Las Vegas Blvd

      Restaurants • 26,500 SF
      11997 Las Vegas Blvd, Las Vegas, NV 89183
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    • Value Estimation by Request
      300,000 SF

      1685 Cactus Ave

      Restaurants • 300,000 SF
      1685 Cactus Ave, Las Vegas, NV 89183
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    • Value Estimation by Request
      6.46 Acres

      1130 Silverado Ranch Blvd

      Restaurants • 52,493 SF
      1130 Silverado Ranch Blvd, Las Vegas, NV 89183
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    • Value Estimation by Request
      5.06 Acres

      10230 Las Vegas Blvd

      Land • 5.06 Acres
      10230 Las Vegas Blvd, Las Vegas, NV 89183
      View Details
    • Value Estimation by Request
      1.78 Acres

      Cactus Ave

      Land • 1.78 Acres
      0 Cactus Ave, Las Vegas, NV 89183
      View Details
    • Value Estimation by Request
      2.62 Acres

      1671 Neal Ave

      Land • 2.62 Acres
      1671 Neal Ave, Las Vegas, NV 89183
      View Details

    Similar Nearby for Sale

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      10,800 SF

      Las Vegas Retail Strip Center

      Multi-tenant strip center in a strong retail hub.
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      Las Vegas Blvd Retail Opportunity

      Prime commercial land near Las Vegas Blvd, ideal for retail.
      30 E Starr Ave, Las Vegas, NV 89183
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      Las Vegas Land For Sale

      5 acres of land available on Las Vegas Boulevard.
      12097 S Las Vegas Blvd, Las Vegas, NV 89183
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    • $5,999,999
      3.79 Acres

      Las Vegas Commercial Land Available

      3.79 acres in booming area near St. Rose Pkwy.
      Cactus Ave, Las Vegas, NV 89183
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    Similar Nearby for Lease

    • Contact for pricing

      Las Vegas Retail Space Available

      Retail space available in Las Vegas, Nevada.
      12097 S Las Vegas Blvd, Las Vegas, NV 89183
      View Details
    • $3 SF/Yr

      Retail Space with Gated Patio

      End-cap retail space suited for restaurant use with gated patio.
      430 E Silverado Ranch Blvd, Las Vegas, NV 89183
      View Details
    • $3 SF/Yr
      1,650 SF

      Retail Space in Southfork Plaza

      Retail space available in a busy, dual-anchored Henderson plaza.
      2980 Saint Rose Pkwy, Henderson, NV 89183
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    • $2 SF/Yr

      Retail Space on Eastern Avenue

      Multi-tenant retail property in thriving commercial district with high traffic.
      9975 S Eastern Ave, Las Vegas, NV 89183
      View Details
    • Contact for pricing
      2,435 SF

      Retail Space Near St. Rose

      Retail space with convenient access to major transportation routes.
      9915 S Eastern Ave, Las Vegas, NV 89183
      View Details
    • Contact for pricing

      Retail Space in Anchored Center

      Retail space available in a high-traffic shopping center.
      407-495 E Silverado Ranch Blvd, Las Vegas, NV 89183
      View Details
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    Paradise Nv
    Las Vegas, NV 89183
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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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