Property profile

2055 Tropicana Ave Las Vegas, NV 89119

OFF-MARKET
Strip malls
Property ID
US62-0462644
10,787 SF 0.93 ac lot Built 1995
Trust Owned 13-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 1,700 square foot office suite is located within the Piazza Napoli Center at 1955 & 2055 E. Tropicana Avenue, Las Vegas, NV 89119. The single-story building, constructed in 1994 and renovated in 2019, boasts a total of 21,875 square feet and features multiple tenancies. This particular suite offers a prime location with excellent visibility and high traffic counts, averaging approximately 45,000 cars daily. The property benefits from its strategic position, just one mile east of the UNLV campus and the Thomas & Mac Center, 1.2 miles from the McCarran Airport exit onto Tropicana, and two miles from the Las Vegas Strip. The C2 zoning allows for a variety of commercial uses. The suite is immediately available, offering 1,700 contiguous square feet. Common area maintenance (CAM) charges are $.42 per square foot, and the lease is a triple net (NNN) lease. The building is situated on Tropicana Avenue, with a cross street of Spencer Street. This is an exceptional opportunity for businesses seeking high visibility and convenient access to major transportation routes and key destinations in Las Vegas.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1995
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 10,787 SF
Lot 0.93 ac (40,511 SF)
APN 162-26-510-002
UPID US62-0462644

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
  • Travel Agency
  • Locksmith (Bike/Boat/Book/etc) Store
  • Restaurant
  • Loan Service

Location

2055 Tropicana Ave Las Vegas, NV 89119-6585
Las Vegas metro Census 2706 LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$405k

Owner & transaction history

since 2012
2 recorded transactions
2012
Price N/A
2003
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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