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Property profile & analytics
OFF-MARKET Estimated value $9,825,000
Strip malls

6105 Tropicana Ave Las Vegas, NV 89103-4405

40,656 SF 5.41 ac lot Built 1979
Individually Owned 19-yr Hold Absentee Owner Free & Clear
Property ID
US62-0194173
Property summary
AI-generated overview

This exceptional retail opportunity is located at the southwest corner of Tropicana and Jones, a major intersection in a high-density area. The Towne Center at Trop & Jones offers a variety of spaces, with a minimum divisible size of 1,200 square feet and a maximum contiguous space of 6,000 square feet. The center boasts a recently remodeled building totaling 66,093 square feet, featuring a dynamic mix of national and regional tenants, including O'Reilly Auto Parts. The property benefits from excellent visibility and ample parking, ensuring convenient access for customers. Its strategic location at a high-traffic intersection provides exceptional exposure. Monument signage is available on both Tropicana and Jones boulevards, maximizing brand visibility. The property is zoned C-2 and features easy ingress and egress, making it an ideal location for a variety of retail businesses. The approximately 6,000 square feet of open showroom space is currently available. Strong demographics further enhance the property's appeal. The Assessor's Parcel Number (APN) is 16326501004, and the property is situated in the Southwest submarket.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1979
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 40,656 SF
Lot 5.41 ac (235,660 SF)
APN 163-26-501-004
UPID US62-0194173
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
  • Western Union Bank Credit Union
  • Malincho Euro Market & Deli Las Vegas Grocery & Convenience Store Food Market
  • Liquor Land (Bike/Boat/Book/etc) Store Wine and Liquor 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
$9.83M
Owner & transaction history
Fresh Mark · 19 yrs held
Fresh Mark
since 2007
6 recorded transactions
2021
Price N/A
2007
Price N/A
2002
$4.1M
1998
$3.0M
1997
$2.6M
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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