2827 Paradise RdLas Vegas, NV 89109

Property Details for 2827 Paradise Rd

Year built

2000

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

3.21 AC

Property size (Sq ft)

60,080 SF

Property type

Golf courses & driving ranges

APN

162-09-611-003

APU

16209611003

Description

This exceptional opportunity presents the chance to acquire the iconic Stirling Club, a 73,000-square-foot, members-only establishment nestled in Las Vegas' prestigious Turnberry Place, within the renowned Resort Corridor. Situated directly adjacent to the proposed site of a new NBA stadium, this four-level property offers unparalleled potential. The Stirling Club boasts a comprehensive spa and fitness center, multiple banquet halls and private meeting rooms, extensive office space, and both indoor and outdoor pools. Recreational amenities include tennis and pickleball courts. The property includes a private driveway and a substantial underground parking garage, with an entire lower level (B3) exclusively deeded to the club. The elegant and sophisticated design caters to events ranging from intimate gatherings of 25 to large-scale celebrations accommodating up to 1000 guests. Beyond its current operational capacity, the 3.21-acre site presents significant development potential. Free from existing restrictions or commitments, this location offers remarkable flexibility for future construction projects, allowing for the creation of multiple buildings or other developments to maximize the property's value and return on investment. The proximity to the planned NBA stadium further enhances the property's strategic location and long-term prospects. This is a truly unique opportunity to own a piece of Las Vegas history and shape its future.

• CAP approach

  CAP return

  Valuation

  6%

  $8,563,230

  6.5%

  $7,904,520

  7%

  $7,339,910

• Comparable approach

  Method

  Valuation

  Relative Method

  $9,148,140

  Geo Method

  $9,148,140

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $28,609,900

  Retail / Commercial

  $14,786,400

  Mixed-Use / Specialty

  $14,824,700

  Hospitality / Lodging

  $10,994,800

  Office

  $14,831,300

  Institutional / Educational

  $15,444,200

  Residential Income

  $18,069,700

  Multifamily

  $21,167,600

  Automotive / Energy

  $13,237,900

  Parking / Income-Based Land

  $4,478,370

  Restaurant / Food Service

  $7,904,520

  Healthcare / Senior Housing

  $15,109,100

Location Insight

City

Las Vegas

County

Clark

State

Nevada

Latitude

36.1375

Longitude

-115.156

CBSA code

29820

CBSA name

LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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