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Property profile & analytics
OFF-MARKET
Strip malls

4480 Paradise Rd Las Vegas, NV 89169-6532

16,519 SF 5.27 ac lot Built 2005
Entity Owned Absentee Owner ~ Est. High Equity
Property ID
US62-0029656
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2005
Construction FRAME
Total area 16,519 SF
Lot 5.27 ac (229,561 SF)
APN 162-22-202-007
UPID US62-0029656
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
  • Joe's New York Pizza Paradise Road Restaurant
  • Azuza Hookah Lounge Bar & Pub (Bike/Boat/Book/etc) Store
  • Paradise Cantina Restaurant
  • Strip Nails Nail Salon
  • Gangnam Asian BBQ Dining Korean Barbecue Restaurant Asian Fusion Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Benjo LLC
Benjo LLC
since 2025
Last sale
$46.4M
7 recorded transactions
2025
$46.4M
2018
Price N/A
2006
$32.0M
2006
Price N/A
2004
$237,940
2003
$10.8M
2003
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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