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Property profile & analytics
OFF-MARKET
Estimated value
$5,285,000
Grocery and convenience stores
1131 Tropicana Ave Las Vegas, NV 89119-6690
Individually Owned
9-yr Hold
Free & Clear
Property ID
US62-0447065
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1967
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
25,865 SF
Lot
2.64 ac (114,998 SF)
APN
162-27-502-004
UPID
US62-0447065
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Primo Water Refill & Exchange Big Box & Wholesale Store
-
University Drug Health Mart Pharmacy
-
Afrocaribbean nights @Kings Lounge & VAPE Nightclub DJ & Entertainment
-
Cardtronics ATM Atm
-
Tip-Toe Nails Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.29M
Owner & transaction history
Paradise Gardens Shopping Cent · 9 yrs held
Paradise Gardens Shopping Cent
since 2017
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Las Vegas submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Las Vegas submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$204 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$21,970
Tax year 2023
Assessed value
$1,109,664
Assessed 2024
Previous assessed
$1,061,343
+4.6% YoY
Effective rate
1.98%
On assessed value
Assessed land
$825,111
Assessed improvement
$284,553
Land market value
$2,357,460
Improvement market value
$813,009
Total market value
$3,170,469
Applied tax rate
470.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1967
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Total area
25,865 SF
Lot
2.64 ac (114,998 SF)
APN
162-27-502-004
UPID
US62-0447065
Jurisdiction
CLARK
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1967
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Lot
2.64 ac
Current owner
From public records · entity-resolved
Paradise Gardens Shopping Cent
Individual
Free & Clear · 9 yrs held
Mailing address
29327 HEATHERCLIFF RD, MALIBU, CA 90265-4128
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 14, 2017
—
Paradise Gardens Shopping Cent
Paradise Gardens Shopping Cent
Quit Claim Deed
related
—
Mar 8, 2004
—
Paradise Gardens Shopping Ctr
Adams,arthur V
Grant Deed
$800,000 · Wells Fargo Bank
Jan 3, 2003
$35,000
Clark County (nv)
Adams,arthur V
Grant Deed
—
Oct 28, 2002
$1,682,000
Paradise Gardens LLC
Adams,arthur V
Grant Deed
—
—
—
Paradise Gardens Shopping Ctr
—
Deed Of Trust
related
$3,500,000 · Miscellaneous Ins Co
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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