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Financial
Distress signals
Property profile

3987 Paradise Rd Las Vegas, NV 89169

FOR LEASE
Turn key restaurants
Property ID
US62-0397568
12,635 SF 2.57 ac lot Built 1998
Last sale Jun 2025 · $10,066,241
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. Free & Clear No active or open recorded mortgage detected.
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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…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$46k
Tax billed · 2023
Assessed value · 2024$2.17M
Assessed land$1.24M
Assessed improvement$927k
Effective rate2.10%

Value estimate

· Oct 2026
$11.25M
$10.13M – $12.38M
Submarket $/SF estimate$13.62M
NOI build-up
Gross scheduled income$414k
Vacancy & credit loss−$24k
Operating expenses−$117k
NOI · 651,192.86% cap applied$274k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$721/SF
Submarket average, outlier-cleaned · 157 recorded sales of this use type
Observed band · Q1–Q3$303 – $1,109

Cap rate analysis

How does the asset earn?
651,192.86%
$274k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

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: Garden Center
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Garden Center9.4
Building Supply9.1
Dry Cleaner8.8

Location

3987 Paradise Rd Las Vegas, NV 89169
County assessor Recorded deeds · 10 transfers Qualifying comp sales · not on file 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 · 13 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
4480 Paradise, Las Vegas, NV 89169-6532 $46,350,000 May 2025 16,519 SF
3465 Maryland, Las Vegas, NV 89169 $3,300,000 Apr 2025 12,928 SF
3519 Maryland, Las Vegas, NV 89169-3094 $1,750,000 Feb 2025 6,667 SF
3824 Paradise, Las Vegas, NV 89169-0903 $8,750,000 Oct 2024 11,269 SF
2520 Eastern, Las Vegas, NV 89169-1800 $2,214,500 Jul 2023 8,716 SF
4633 Paradise, Las Vegas, NV 89169-7112 $3,800,000 Dec 2021 7,190 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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