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Financial
Distress signals
Property profile

2400 Tropicana Ave Las Vegas, NV 89121

OFF-MARKET
Drug stores
Property ID
US62-0468136
13,825 SF 0.86 ac lot Built 1998
Last sale Jun 2026 · $3,825,000
Entity Owned Owner of record is a legal entity (LLC / corporation). Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This former Walgreens retail property is situated on a hard corner at the intersection of Tropicana Avenue and Eastern Avenue on a signalized intersection. The site consists of a 0.86-acre parcel and includes a 13,905 SF building, positioned for site circulation with cross-parking connectivity to the adjacent Tropicana East Shopping Center. The property is zoned Commercial General (CG) and is located along two major Las Vegas Valley arterial roadways with reported traffic volumes of…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$15k
Tax billed · 2023
Assessed value · 2024$960k
Assessed land$262k
Assessed improvement$697k
Effective rate1.53%

Value estimate

· Oct 2026
$1.46M
$1.31M – $1.60M
Submarket $/SF estimate$1.14M

Realmo valuation models over county records and 11 qualifying comparable sales.

Recently sold

What actually traded nearby?
$374/SF
Submarket average, outlier-cleaned · 274 recorded sales of this use type
Observed band · Q1–Q3$191 – $622
Qualifying comparables11

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionCLARK

Location intelligence

Which uses thrive at this corner?
Best fit: Building Supply
Demand index
Building Supply49.8
Wholesale Shop38.6
Auto Parts Store29.5

Location

2400 Tropicana Ave Las Vegas, NV 89121-5441
County assessor Recorded deeds · 2 transfers 11 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
4440 Tropicana, Las Vegas, NV 89121-6719 $8,750,000 Feb 2023 9,920 SF
2605 Flamingo, Las Vegas, NV 89121-5241 $1,250,000 Jan 2023 7,000 SF
3365 Tropicana, Las Vegas, NV 89121-7329 $72,500,000 Nov 2022 40,000 SF
3736 Desert Inn, Las Vegas, NV 89121-3339 $3,739,843 Dec 2021 30,176 SF
2855 Nellis, Las Vegas, NV 89121-7505 $4,266,000 Nov 2021 22,260 SF
4595 Flamingo, Las Vegas, NV 89121-4738 $3,659,000 Aug 2020 11,855 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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