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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    6420 Tropicana Ave Las Vegas, NV 89122-7506

    • Specialty properties
    • 5,466 SF
    • 35.66 lot acres
    OFF-MARKET
    Value Estimations
    $870,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US62-0748488
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • 5 Stars Tiles Floors Service Vegas / General Contractor / Renovation Specialist
    • Elvis Weddings in Vegas / Wedding Service
    • Casa Creeden / Housing Complex
    • Space 87 / Housing Development
    • TP Space 1 / Housing Complex

    Property Details for 6420 Tropicana Ave

    Year built
    1992
    Construction
    FRAME
    Lot size
    35.66 lot acres
    Property size
    5,466 SF
    Property type
    Specialty properties
    APN
    161-22-801-001
    APU
    16122801001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $945,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $796,000
      Market price range: $224k - $797k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.031
    Latitude
    36.102
    CBSA code
    29820
    CBSA name
    LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $183,176
    $3,262,035
    $3,122,067
    $6,384,102
    -
    $9,320,100
    $8,920,191
    $18,240,291

    Comparable in this City

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      $5,240,000
      4,018 SF

      5542 Tres Piedras Rd

      PROFESSIONAL CLUBS/ASSOCIATIONS • 4,018 SF
      5542 Tres Piedras Rd, Las Vegas, NV 89122-3394
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    • Value Estimation
      $5,240,000
      4,018 SF

      5280 Muir Woods Pkwy

      PROFESSIONAL CLUBS/ASSOCIATIONS • 4,018 SF
      5280 Muir Woods Pkwy, Las Vegas, NV 89122-4058
      View Details
    • Value Estimation by Request
      2,497 SF

      5380 Flamingo Rd

      PROFESSIONAL CLUBS/ASSOCIATIONS • 2,497 SF
      5380 Flamingo Rd, Las Vegas, NV 89122-5349
      View Details
    • Value Estimation
      $510,000
      3,092 SF

      5303 Twain Ave

      PROFESSIONAL CLUBS/ASSOCIATIONS • 3,092 SF
      5303 Twain Ave, Las Vegas, NV 89122-4646
      View Details
    • Value Estimation
      $3,700,000
      2,837 SF

      5128 Midnight Oil Dr

      PROFESSIONAL CLUBS/ASSOCIATIONS • 2,837 SF
      5128 Midnight Oil Dr, Las Vegas, NV 89122-8116
      View Details
    • Value Estimation
      $570,000
      15,443 SF

      5450 Stephanie St

      FUNERAL HOME • 15,443 SF
      5450 Stephanie St, Las Vegas, NV 89122-0265
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      20,250 SF

      Boulder Highway Industrial/Retail Project

      Multi-tenant industrial and retail project with office/warehouse units for sale.
      6672 Boulder Hwy, Las Vegas, NV 89122
      View Details
    • $799,000
      0.23 Acres

      Boulder Highway Commercial Land Parcel

      10,000 SF parcel on Boulder Highway for automotive/retail use.
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    • $264,500
      1,704 SF

      Renovated Home with Modern Finishes

      Fully renovated home featuring modern kitchen, bathrooms, and open floorplan.
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    • $264,500
      1,720 SF

      Renovated Home on Corner Lot

      Fully renovated home with open floor plan and modern upgrades.
      3393 Katmai Dr, Las Vegas, NV 89122
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    • $150,000
      0.17 Acres

      Vacant Lot in Established Community

      Build-ready lot with utilities, no HOA, convenient location.
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    • $10,035,000

      Entitled Senior Living Multifamily Land

      Approved 279-unit multifamily project for senior living.
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    Similar Nearby for Lease

    • $11 SF/Yr
      20,250 SF

      Boulder Business Park Office Suites

      Las Vegas industrial space, multiple units available.
      6672 Boulder Hwy, Las Vegas, NV 89122
      View Details
    • $1.15 SF/Yr
      5,100 SF

      Freestanding Industrial Building Available

      5,100 SF industrial building available for lease 11/15/2025.
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      View Details
    • $1,395 /Mo
      1,196 SF

      Updated Condo with Modern Features

      Move-in ready condo featuring new carpeting, flooring, and quartz countertops.
      3400 Cabana Dr, Las Vegas, NV 89122
      View Details
    • $1.95 SF/Yr
      1,040 SF

      Retail Space in Boulder Marketplace

      Retail space available in well-developed shopping center with ample parking.
      6325 Boulder Hwy, Las Vegas, NV 89122
      View Details
    • Contact for pricing
      23,320 SF

      Boulder Village Retail Center

      Las Vegas retail space, multiple tenants.
      6360 Boulder Hwy, Las Vegas, NV 89122
      View Details
    • Contact for pricing
      1,465 SF

      Retail Space on Boulder Highway

      Retail space available for lease on Boulder Highway.
      5436-5516 Boulder Hwy, Las Vegas, NV 89122
      View Details
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    6420 Tropicana Ave
    Las Vegas, NV 89122-7506
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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