Property profile

1197 Tropicana Ave Las Vegas, NV 89119

OFF-MARKET
Turn key restaurants
Property ID
US62-0053616
2,218 SF 0.47 ac lot Built 2005
Entity Owned 1-yr Hold Free & Clear
Saved · see the list in your Dashboard

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 2005
Construction FRAME
Total area 2,218 SF
Lot 0.47 ac (20,473 SF)
APN 162-27-502-005
UPID US62-0053616

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant Take-out & Catering

Location

1197 Tropicana Ave Las Vegas, NV 89119-6690
Las Vegas metro Census 6800 LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$100k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$135k

Owner & transaction history

since 2025
7 recorded transactions
2025
Price N/A
2020
Price N/A
2017
Price N/A
2016
Price N/A
2004
$750,000
2001
$333,500
1998
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1197 Tropicana Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message