Single-Story Office
For Sale
Contact for pricing
6153 S Rainbow Blvd, Las Vegas, NV 89118
Single-story office building built in 2006 with convenient access to I-215 and strong visibility.
Property Size4,918 SF
Price / SF$520
Days on Market370
Property Features for 6153 S Rainbow Blvd
General Information
Standard status
Active
Size
4,918 SF
Class
B
Property subtype
Office
Zoning
C-2
Building Details
Year Built
2006
Buildings
1
Stories
1
Units
1
Tenancy
Single
Listing Agency:
LOGIC Commercial Real Estate
Listed By:
Adrian Pak · License #NV 0200217
(702) 538-6802
Source:
Crexi
Added: Sep 5, 2025
Changed: Aug 26
Last Checked: Sep 8 at 5:03AM
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 LOGIC Commercial Real Estate
Investment Insights
Based on property information with market context.
6153 S Rainbow Blvd is a single-story office building built in 2006. The property totals 4,918 square feet and is presented for sale, with configuration suited to owner-users or multi-tenant occupancy.
The site is positioned just minutes from the I-215 Beltway, providing convenient access to major residential communities, retail centers, and business hubs. Public remarks also note strong visibility and high traffic counts, along with surrounding uses including national retailers, dining, and service providers.
The building’s layout and size support a range of office and service-oriented needs, while the seller also indicates it may be appropriate for retail or office use depending on tenant requirements.
The site is positioned just minutes from the I-215 Beltway, providing convenient access to major residential communities, retail centers, and business hubs. Public remarks also note strong visibility and high traffic counts, along with surrounding uses including national retailers, dining, and service providers.
The building’s layout and size support a range of office and service-oriented needs, while the seller also indicates it may be appropriate for retail or office use depending on tenant requirements.
Key Highlights
- 4,918 SF single‑story office building built in 2006
- Owner‑user or multi‑tenant use with flexible business space
- Just minutes from the I‑215 Beltway for convenient access
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$75,688
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
2.96%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,513,760
$1.5M
Cap Rate 7%
$1,081,257
$1.1M
Cap Rate 9%
$840,978
$841.0K
Market Conditions
NOI Build-Up for 4,918 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$118.0K $24.00/SF
− Vacancy
−$17.1K −$3.48/SF
EGI
$100.9K $20.52/SF
− OpEx
−$25.2K −$5.13/SF
NOI
$75.7K $15.39/SF
Area
Las Vegas, NV
Vacancy
14.50%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,513,760
Cap Rate 7%
$1,081,257
Cap Rate 9%
$840,978
Alternative Uses
Best Use
Office B
$1.08M
$946.1K – $1.26M
NOI $75,688 @ 7.0% cap · market cap 2.96%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.70M
$1.49M – $1.98M
NOI $118,956 @ 7.0% cap · market cap 4.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,501
Businesses Nearby
Explore this area
Business Placement
Demographics for 89118, NV
22,588
Population
10,345
Households
2.2
Avg Household Size
38
Median Age
27%
College-Educated
90%
High-School Grad
10.6 sq mi
ZIP Area
2,131
Density / Sq Mi
$67,384
Median Household Income
$36,629
Median Earnings
$1,501
Median Rent
$391,800
Median Home Value
Market
Vacancy Rate% for Office in Las Vegas, NV
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Single-story office building built in 2006 with convenient access to I-215 and strong visibility.
Where is this office building located?
The property is located at 6153 S Rainbow Blvd Las Vegas, NV.
What is the asking price?
The asking price for this property is $2,557,360.
What are key features of this property?
This property features: 4,918 SF single‑story office building built in 2006; Owner‑user or multi‑tenant use with flexible business space; Just minutes from the I‑215 Beltway for convenient access
