4480 Paradise Rd Las Vegas, NV 89169-6532
Paradise Esplanade offers a rare opportunity to lease retail or restaurant space in a highly desirable Las Vegas location. This two-building, single-story complex boasts 58,535 square feet of space, with 6,345 square feet currently vacant. Units range from a minimum of 1,500 square feet to a maximum contiguous space of 4,845 square feet, making it suitable for a variety of businesses. The property features 315 parking spaces and is situated on a 5.27-acre lot at the highly visible northeast corner of Paradise Road and Harmon Avenue, between the Virgin Hotel and Casino and the UNLV campus. This prime location benefits from high traffic counts (approximately 79,300 cars daily) and excellent visibility from three major roadways. The property is zoned C2 and includes pylon signage opportunities, with a future digital pylon planned. Existing tenants include CVS, Famous Dave's, and Ferraro's Italian Restaurant & Wine Bar. The property's proximity to the Las Vegas Strip, Harry Reid International Airport, UNLV, the Las Vegas Convention Center, T-Mobile Arena, and Allegiant Stadium ensures a large and diverse customer base. A creative drive-thru opportunity may also be available. This is a historically low-vacancy property in the heart of Las Vegas's vibrant entertainment and dining scene. The property's address is 4480 Paradise Rd, Las Vegas, NV 89109, with APN 162-22-202-007. Built in 2005, the property consists of 20 total suites.
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Joe's New York Pizza Paradise Road Restaurant
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Azuza Hookah Lounge Bar & Pub (Bike/Boat/Book/etc) Store
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Paradise Cantina Restaurant
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Strip Nails Nail Salon
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Gangnam Asian BBQ Dining Korean Barbecue Restaurant Asian Fusion Restaurant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.