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    1155 E Twain Ave Las Vegas, NV 89169
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    1155 E Twain Ave, Las Vegas, NV 89169

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    • Grocery and convenience stores
    • 61,452 SF
    • 6.85 lot acres
    For Lease
    $21 SF/Yr
    View Listing →
    Retail Space at Maryland Parkway For Lease
    $21 SF/Yr

    Retail Space at Maryland Parkway

    Retail space with high visibility and traffic near Las Vegas Strip.

    1155 E Twain Ave, Las Vegas, NV 89169
    View Listing
    Property ID
    US62-0071818
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $10,365,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Las Vegas High Rise Condo Sales / Real Estate Agency
    • Adobe Insurance / Insurance Agency
    • Coinstar Kiosk - Bitcoin ATM / Atm / Currency Exchange Service
    • Cardtronics ATM / Atm
    • Western Union / Bank / Credit Union

    Property Details for 1155 E Twain Ave

    Year built
    1978
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    6.85 lot acres
    Property type
    Grocery and convenience stores
    APN
    162-15-704-004
    APU
    16215704004

    Description

    This exceptional retail property, Maryland Park Place, located at 1155 E Twain Ave, Las Vegas, NV 89169, offers four available suites ranging from 570 to 6,014 square feet. Situated at the southwest corner of Maryland Parkway and Twain Avenue in Paradise, Clark County, this center boasts unparalleled visibility and convenient access, with over 45,000 vehicles passing daily. The property's CG zoning provides flexibility for various retail uses. With a total of 9,268 square feet currently vacant, this presents a significant opportunity for businesses seeking high foot traffic and exposure. The location benefits from a robust residential population of 156,000 within a three-mile radius, and its proximity to the Las Vegas Strip, UNLV, and Harry Reid International Airport ensures a large customer base. The property's APN is 16215704004. This is a multi-tenant retail center with excellent ingress and egress, making it an ideal location for a variety of businesses. Don't miss this chance to establish your business in a prime location with exceptional visibility and high traffic volume.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $10,470,000
      ML approach
      $9,500,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.139
    Latitude
    36.1212
    CBSA code
    29820
    CBSA name
    LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $106,835
    $939,916
    $3,369,968
    $4,309,884
    -
    $2,685,474
    $9,628,480
    $12,313,954

    Comparable in this City

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      4111 Paradise Rd

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      3510 Cambridge St

      CONVENIENCE STORE
      3510 Cambridge St, Las Vegas, NV 89169-4017
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      3,137 SF

      208 Tropicana Ave

      CONVENIENCE STORE
      208 Tropicana Ave, Las Vegas, NV 89169-7309
      View Details
    • Value Estimation
      $610,000
      1,970 SF

      777 Twain Ave

      CONVENIENCE STORE
      777 Twain Ave, Las Vegas, NV 89169-4116
      View Details
    • Value Estimation
      $720,000
      2,400 SF

      3192 Eastern Ave

      CONVENIENCE STORE
      3192 Eastern Ave, Las Vegas, NV 89169-3309
      View Details

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      4,935 SF

      Paradise Road Retail Center For Sale

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      Las Vegas Resort Corridor Retail

      Multi-tenant retail center in the Las Vegas Resort Corridor.
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      Retail Space Near UNLV Campus

      Retail property near UNLV's west entrance, including Thomas & Mack Center.
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      Pending

      Commercial Property on Eastern Avenue

      Commercial property with C-P zoning, suitable for office or retail.
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      Multi-Family Housing Complexes For Sale

      Two multi-family properties with 21 units in Las Vegas.
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      Commercial Space on Golf Course

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    Similar Nearby for Lease

    • $51 SF/Yr
      32,267 SF

      The Collective: Las Vegas Retail

      Resort Corridor Retail Spaces Available
      3900 Paradise Rd, Las Vegas, NV 89169
      View Details
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      6,014 SF

      Retail Space in Vons Anchored Center

      Retail spaces available in a busy, anchored shopping center.
      1155-1159 E Twain Ave, Las Vegas, NV 89169
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      12,115 SF

      Retail Space on Paradise Road

      Retail space available for lease on Paradise Road, Las Vegas.
      3987 Paradise Rd, Las Vegas, NV 89169
      View Details
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      2,379 SF

      Retail Space in High-Density Area

      Retail space in a high-traffic, high-density Las Vegas location.
      3200 S Eastern Ave, Las Vegas, NV 89169
      View Details
    • Contact for pricing
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      Retail Space in High-Density Area

      Retail space for lease in a high-traffic Las Vegas location.
      3240 S Eastern Ave, Las Vegas, NV 89169
      View Details
    • Contact for pricing

      Boulevard Mall Outparcel Retail Space

      Retail pads and inline spaces available on Maryland Parkway.
      3528 S Maryland Pkwy, Las Vegas, NV 89169
      View Details
    View Listing
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    Las Vegas, NV 89169
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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.

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