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3987 Paradise Rd, Las Vegas, NV 89169
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Property summary
AI-generated overview
This exceptional Class A retail property, totaling 12,115 square feet, is situated at 3987 Paradise Rd, Las Vegas, NV 89119, at the intersection of Flamingo Rd. and Paradise Rd. Built in 1995, this single-story, two-building power center offers a unique opportunity for a national chain or multiple tenants. The property is zoned Limited Resort and Apartment (H-1) within Clark County's Resort Corridor submarket. The entire 12,115 square feet is currently occupied, presenting a stable investment opportunity. This location benefits from its proximity to the Las Vegas Strip, numerous hotels, entertainment venues, shopping centers, and dining establishments. High traffic volume is ensured by its location near convention centers, UNLV, and McCarran International Airport. The property is part of the Hughes Center, a premier 68-acre mixed-use development in Las Vegas' central business district. The APN is 16216811015. This is a rare chance to acquire a well-established retail space in a high-demand location.
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1998
Construction
FRAME
Total area
12,635 SF
Lot
2.57 ac (111,949 SF)
APN
162-16-811-018
UPID
US62-0397568
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
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$13.62M
Blend (final)
Blend
$11.25M
Owner & transaction history
since 2025
Last sale
$10.1M
7 recorded transactions
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
Sensitivity value band
Source audit · 6 inputs
PDF export
Professional Plan · 30 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$11.25M
Value range
$10.13M – $12.38M
±10% around blend
Estimated value / SF
$890 / SF
Confidence
Property data
88
Market benchmarks
67
Comparable evidence
60
Income certainty
100
$10.13M
blend $11.25M
$12.38M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
12,635 SF
Lot area
2.57 ac
Year built
1998
Stories
1
APN
162-16-811-018
Assessed value
$2,170,552
Annual tax
$45,645
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$45,645
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$13.62M
Range $3.82M – $14.01M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$11.25M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 157 sales
$721
+24%
County 254 sales
$737
+21%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $890/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
NOI build-up · 9 steps
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$3.91M
Move the market yield to see immediate price impact.
Value / SF
$309
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$246k
$4.92M
$3.52M
$2.74M
$274k
$5.47M
$3.91M
$3.04M
$301k
$6.02M
$4.30M
$3.34M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$45,645
Tax year 2023
Assessed value
$2,170,552
Assessed 2024
Previous assessed
$1,957,137
+10.9% YoY
Effective rate
2.10%
On assessed value
Assessed land
$1,244,033
Assessed improvement
$926,519
Land market value
$3,554,380
Improvement market value
$2,647,197
Total market value
$6,201,577
Applied tax rate
470.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Turn key restaurants
Use group
RESTAURANT
Status
For Lease
Year built
1998
Construction
FRAME
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
12,635 SF
Lot
2.57 ac (111,949 SF)
APN
162-16-811-018
UPID
US62-0397568
Jurisdiction
CLARK
Zoning & alternative use
Zoning · permitted uses
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release.
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1998
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
2.57 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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