Property profile

1955 Tropicana Ave Las Vegas, NV 89119

OFF-MARKET
Strip malls
Property ID
US62-0345427
10,781 SF 0.85 ac lot Built 1993
Trust Owned 13-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 1,600 square foot single-tenant office space is ideally situated at 1955 E Tropicana Ave, Suite J & K, Las Vegas, NV 89119. Located in a C2 zoned area, the property boasts direct, unobstructed frontage on Tropicana Avenue, offering unparalleled visibility and accessibility. Built in 1994 and renovated in 2017, the building features a single story design within a larger 21,875 square foot building. The space includes private restrooms, central air conditioning and heating, and fresh paint. High, open exposed ceilings and ductwork add to the modern aesthetic. The landlord will install new flooring. This prime location offers exceptional convenience, being just one mile from UNLV and the Thomas and Mac Center, 1.2 miles from the airport access onto Tropicana Avenue, and only two miles from the Las Vegas Strip. The property's strategic placement and modern amenities make it an ideal location for a variety of businesses. This is a rare opportunity to secure a well-maintained, highly visible office space in a thriving Las Vegas location. The cross street is Spencer Avenue.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1993
Construction FRAME
Total area 10,781 SF
Lot 0.85 ac (37,026 SF)
APN 162-26-510-001
UPID US62-0345427

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
  • Hotel & Motel
  • Wedding Service
  • Atm
  • Loan Service
  • Bank Credit Union

Location

1955 Tropicana Ave Las Vegas, NV 89119-6500
Las Vegas metro Census 2706 LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$365k

Owner & transaction history

since 2012
2 recorded transactions
2012
Price N/A
1969
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
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