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Property profile & analytics
FOR LEASE
Grocery and convenience stores
1155 E Twain Ave Las Vegas, NV 89169
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US62-0071818
For Lease
1 / 4
$21 SF/Yr
1155 E Twain Ave, Las Vegas, NV 89169
View Listing →
Property summary
AI-generated overview
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.
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1978
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
61,452 SF
Lot
6.85 ac (298,386 SF)
APN
162-15-704-004
UPID
US62-0071818
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
-
Las Vegas High Rise Condo Sales Real Estate Agency
-
Adobe Insurance Insurance Agency
-
Coinstar Kiosk - Bitcoin ATM Currency Exchange Service Kiosk
-
Cardtronics ATM Atm
-
Western Union Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.50M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$10.37M
Owner & transaction history
Gb Las Vegas Retail LLC · 3 yrs held
Gb Las Vegas Retail LLC
since 2022
Last sale
$10.8M
7 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
Method
Estimation
Statistic approach
$10,470,000
ML approach
$9,500,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$10.37M
Range $9.33M – $11.40M · ±10% · vs last sale $10.75M (Dec 7 2022)
Last sale anchor
$10.75M
Dec 7 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$169 / 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
$106,835
Tax year 2023
Assessed value
$4,309,884
Assessed 2024
Previous assessed
$3,834,228
+12.4% YoY
Effective rate
2.48%
On assessed value
Assessed land
$939,916
Assessed improvement
$3,369,968
Land market value
$2,685,474
Improvement market value
$9,628,480
Total market value
$12,313,954
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
For Lease
Year built
1978
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Buildings
3
Stories
1
Total area
61,452 SF
Lot
6.85 ac (298,386 SF)
APN
162-15-704-004
UPID
US62-0071818
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
1978
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Stories
1
Buildings
3
Lot
6.85 ac
Current owner
From public records · entity-resolved
Gb Las Vegas Retail LLC
Entity
Mailing address
18301 VON KARMAN AVE STE #250, IRVINE, CA 92612-0106
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 7, 2022
$10,750,000
Gb Las Vegas Retail LLC
Maryland Park Place LLC
Warranty Deed
$6,500,000 · Calprivate Bank
Dec 12, 2012
—
Maryland Park Place LLC
—
Deed Of Trust
related
$8,700,000 · Archetype Mortgage Capital LLC
Jul 20, 2004
$15,600
Corona Village LLC
Dylan Investment Properties
Grant Deed
—
Jul 20, 2004
—
Maryland Park Place LLC
Corona Village LLC
Grant Deed
related
—
Jan 13, 2003
—
Dylan Investment Properties Ll
—
Deed Of Trust
related
$9,600,000 · Column Financial INC
Aug 21, 2002
$11,980
Dylan Investment Properties
Maryland/twain LLC
Grant Deed
—
—
—
Las-cal Corp
—
Deed Of Trust
related
$10,503,124 · Nevada State Bank
—
—
Ssb East Twain LLC
—
Deed Of Trust
related
—
—
—
Las-cal Corp
—
Deed Of Trust
related
$1,750,000 · Bank Of America
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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