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    1750 S Rainbow Blvd Las Vegas, NV 89146

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    For Lease
    Contact for pricing

    Prime location with strong tenant mix and high visibility.

    Type:Retail, Office
    Added:
    Oct 8, 2018
    Days on Market:
    2735
    Last Refresh:
    Mar 17 at 1:16 pm

    Property Features for 1750 S Rainbow Blvd

    General Information

    Standard status
    Active
    Property subtype
    Retail, Office

    Building Details

    Year Built
    1985

    Spaces For Lease

    at 1750 S Rainbow Blvd Contact us

    Mini Suite 24D $2 /Mo

    Size
    285 SF
    Type
    Retail, Office
    Mini suite, shared common entrance, hallway and bathroom. You are renting an office...
    show more
    Contact us

    Mini 24C $2 /Mo

    Size
    185 SF
    Type
    Retail, Office
    Mini suite, shared common entrance, hallway and bathroom. You are renting an office...
    show more
    Contact us

    Unit 23 $1.60 /Mo

    Size
    889 SF
    Type
    Retail, Office
    Contact us

    We can help!

    Listing Contact
    Phyllis Hanley
    Phyllis Hanley

    Listing agent Phyllis Hanley License #NV 29985

    Listing office Cambridge Group

    Listing date Oct 8, 2018

    Source Crexi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Cambridge Group

    Overview

    High-Traffic Retail and Office Center

    This commercial property is located in Spring Valley, at the intersection of S. Rainbow Blvd and W. Charleston. The location benefits from extremely high traffic counts, particularly at the intersection of Rainbow and Oakey. Known as Rainbow Express Village, the property features over 940 feet of frontage on Rainbow Blvd, providing visibility for traffic in both directions. The center is accessible via four separate entrances, with three on Rainbow and one on Oakey. The shopping center is situated less than half a mile from Bonanza High School and less than one mile from The College of Southern Nevada Charleston Campus. The surrounding area includes national retailers such as Pizza Hut, Panda Express, Albertsons, Wells Fargo, Auto-Zone, Discount Tire, Subway, Home Depot, Ross Dress for Less, Chase Bank, 24-Hour Fitness, and Little Caesars, all within a half-mile radius. Rainbow Express Village has a diverse tenant structure, including national tenants like Dotty's Casino, Starbucks, Lee's Liquor, and Weinerschnitzel, alongside regional tenants offering services such as car audio, dog adoption and grooming, cellphone and computer repair, printing, alterations, and nutritional meal services. Other tenants include a beauty salon, African restaurant, tattoo suppliers, and a barber shop. The property offers a great location and center for business professionals with access to the 95 to I-15.
    Location Intelligence

    Current Use by Public Records

    Hearts Alive Animal Shelter 50 shades of green Take-out & Catering Chloe Beauty Nail Salon Clever Web Design ... Marketing & Advertising Dotty's Casino Hotel & Motel

    Suggested Use

    Law Firm Real Estate Agency Restaurant Spa & Massage Center Hair Salon Dental Office Nail Salon Building Supply Daycare Center Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • O'Bannon Plaza — Las Vegas, NV 89117
    • PLAZA DeCOLORES — 2000 S Rainbow Blvd, Las Vegas, NV 89146
    • Sahara Rainbow Center — 2550 S Rainbow Blvd, Las Vegas, NV 89146
    • Car Meet En Harley Davidson — Parking lot, 2260 S Rainbow Blvd, Las Vegas, NV 89146
    • Heroes For Sale! — 6338 W Sahara Ave, Las Vegas, NV 89146

    Location Insight

    • Map
    • Local Demand
    City
    Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.2425653
    Latitude
    36.1528053

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    FAQs

    What type of property is this?
    Shopping center - Prime location with strong tenant mix and high visibility.
    Where is this shopping center located?
    The property is located at 1750 S Rainbow Blvd Las Vegas, NV.
    What are key features of this property?
    This property features: Excellent location with **high visibility on S. Rainbow Blvd** due to 940+ feet of frontage.; High traffic counts at the intersection of Rainbow and Oakey.; Easy access to major highways (95 and I‑15).
    (702) 335-7719 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Phyllis Hanley
    Phyllis Hanley
    Real Estate License ID: NV 29985
    Learn More
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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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