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Property profile & analytics
FOR LEASE
Outlet malls
2555 East Tropicana Ave Las Vegas, NV 89121
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US62-0349356
For Lease
1 / 50
$8,340,000
2555 East Tropicana Ave, Las Vegas, NV 89121
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Property summary
AI-generated overview
This single-story, 48,000 square foot neighborhood retail center is located at 2555 E Tropicana Ave, Las Vegas, NV 89121, on a 4.95-acre lot. Built in 1995, the property features three suites, with 40,400 square feet currently vacant. Spaces are divisible to a minimum of 4,000 square feet and up to a maximum contiguous space of 33,000 square feet. The center enjoys excellent visibility from East Tropicana Avenue at its intersection with Topaz Street, less than half a mile from the hard corner of Tropicana and Eastern Avenues. Its convenient location offers easy access to the Ocotillo Shopping Center, increasing customer traffic. Furthermore, the property is situated approximately two miles from both the Maryland Parkway entrance to UNLV and McCarran International Airport (LAS), providing significant accessibility for a wide range of potential customers. The property's zoning is CG, and its APN is 162-25-115-003. This prime retail location presents a unique opportunity for businesses seeking high visibility and convenient access to a large customer base.
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1995
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
40,816 SF
Lot
4.95 ac (215,622 SF)
APN
162-25-115-003
UPID
US62-0349356
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
-
Kathy's Crystal Palace Wedding Service
-
AG LIQUIDATORS Liquidator
-
KAO DANCE High School
-
Elite Flooring Plus Carpet & Flooring Store Hardware & Home Improvement
-
Cash Car Rental Car Rental Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$8.45M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.34M
Owner & transaction history
Topaz Tropicana LLC · 11 yrs held
Topaz Tropicana LLC
since 2014
6 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$9,150,000
6.5%
$8,445,000
7%
$7,845,000
Blend value · Realmo final
$8.34M
Range $7.51M – $9.17M · ±10%
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
$204 / 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
$30,226
Tax year 2023
Assessed value
$2,469,887
Assessed 2024
Previous assessed
$1,987,223
+24.3% YoY
Effective rate
1.22%
On assessed value
Assessed land
$905,612
Assessed improvement
$1,564,275
Land market value
$2,587,463
Improvement market value
$4,469,357
Total market value
$7,056,820
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
For Lease
Year built
1995
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Buildings
2
Stories
2
Total area
40,816 SF
Lot
4.95 ac (215,622 SF)
APN
162-25-115-003
UPID
US62-0349356
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
1995
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
2
Buildings
2
Lot
4.95 ac
Current owner
From public records · entity-resolved
Topaz Tropicana LLC
Entity
Mailing address
355 N CANON DR, BEVERLY HILLS, CA 90210-4704
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 18, 2022
—
Topaz Tropicana LLC
—
Deed
related
$2,500,000 · Ctbc Bank Corp USA
Mar 24, 2017
—
Topaz Tropicana LLC
—
Deed
related
$1,624,507 · Ctbc Bk Corp (usa)
Dec 5, 2014
$2,500,000
Topaz Tropicana LLC
2555 Tropicana Avenue LLC
Bargain And Sale Deed
$1,608,750 · Ctbc Bank Corp USA
May 31, 2011
—
2555 Tropicana Ave LLC
Petillo Family Trust
Grant Deed
related
—
Mar 12, 1998
$2,901,000
Petillo Trust
Tropicana Associates Lc
Grant Deed
—
—
—
Topaz Tropicana LLC
—
Deed Of Trust
related
$1,624,507 · Ctbc Bk Corp (usa)
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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