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Property profile & analytics
OFF-MARKET Estimated value $3,625,000
Industrial properties

722 Sunset Rd Henderson, NV 89011-4602

21,834 SF 1.8 ac lot Built 1990
Entity Owned 1-yr Hold Free & Clear
Property ID
US62-1128912
Property summary
AI-generated overview

This exceptional 5,014 square foot restaurant space, located at 722 W Sunset Rd, presents a significant opportunity for a discerning restaurateur or tavern owner. The property boasts a fully equipped commercial kitchen and a substantial bar area, perfectly suited for a variety of culinary concepts. Its sizable center lot provides ample parking for patrons and staff, a significant advantage in a busy commercial area. The building's recent renovations include a newly resurfaced roof, ensuring long-term cost savings and peace of mind. The property enjoys convenient access to the I-11/515 freeways, placing it within easy reach of a wide customer base. Its strategic location within a hub of local services further enhances its appeal. The property's history includes a prior gaming license, a potential asset depending on future business plans. This is a rare opportunity to acquire a well-maintained, spacious restaurant property in a high-traffic area with excellent freeway access and ample parking. The large center unit offers significant flexibility for various uses, making it an ideal investment for those seeking a turnkey operation or a blank canvas for their culinary vision. The combination of a fully functional commercial kitchen, a large bar, and a prime location makes this property a truly exceptional offering.

Property profile
Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1990
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 21,834 SF
Lot 1.8 ac (78,408 SF)
APN 178-02-202-014
UPID US62-1128912
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
  • Paragon Private Lounge & Event Space Hotel & Motel Resort
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$3.63M
CAP Approach CAP
$2.87M
Comparable Approach Comparable
$3.59M
Blend (final) Blend
$3.63M
Owner & transaction history
Star Square LLC · 1 yrs held
Star Square LLC
since 2024
Last sale
$3.6M
7 recorded transactions
2024
Price N/A
2024
$3.6M
2017
Price N/A
2008
$43,171
2007
$29,173
2005
Price N/A
1996
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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