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Property profile & analytics
OFF-MARKET Estimated value $84,075,000
Outlet malls

495 Grand Central Pkwy Las Vegas, NV 89106-4555

1,283,663 SF 8.56 ac lot Built 2004
Entity Owned 7-yr Hold ~ Est. High Equity
Property ID
US62-0402389
Property summary
AI-generated overview

The World Market Center in Las Vegas offers a unique opportunity to lease executive office space within a dynamic and vibrant commercial hub. This iconic 10-story building boasts a total of 1,300,000 square feet, with a substantial 95,000 square feet currently available for lease. The minimum leasable space is 20,000 square feet, allowing for flexibility to accommodate various business needs. Larger tenants can occupy up to 95,000 contiguous square feet, providing ample room for expansion and growth. Located at 495 S Grand Central Pkwy, Las Vegas, NV 89106, this property sits on a generous 59.4 acres in Clark County. The building's prominent location within the World Market Center complex offers unparalleled visibility and access to a thriving business community. The World Market Center itself is a significant landmark, hosting the renowned Las Vegas Market, attracting over 100,000 attendees annually. This presents a unique opportunity to establish a presence within a high-traffic, high-profile location, benefiting from the significant foot traffic and networking opportunities associated with this prestigious address. The property's scale and location make it an ideal choice for businesses seeking a prominent and well-connected office space in the heart of Las Vegas.

Property profile
Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 2004
Construction STEEL FRAME
Total area 1,283,663 SF
Lot 8.56 ac (372,874 SF)
APN 139-33-610-023
UPID US62-0402389
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
  • Las Vegas Design Center Furniture & Home Goods Home Decor Store
  • VizArt Furniture & Home Goods Home Decor Store
  • Torre & Tagus Big Box & Wholesale Store
  • King Koil Big Box & Wholesale Store Furniture & Home Goods
  • Robert Allen Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$84.08M
Owner & transaction history
City Of Las Vegas · 7 yrs held
City Of Las Vegas
since 2019
7 recorded transactions
2019
Price N/A
2019
Price N/A
2019
Price N/A
2018
Price N/A
2017
Price N/A
2016
Price N/A
2011
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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