3123 Rainbow Blvd, Las Vegas, NV 89146
This exceptional 2.82-acre commercial land parcel presents a unique investment opportunity in Las Vegas, Nevada. Located at the northwest corner of South Rainbow Boulevard and Palmyra Avenue, this property boasts a prime location with exceptional visibility and accessibility. The site is zoned Commercial Professional (CP), allowing for immediate development. Pre-approved entitlements and existing site plans streamline the development process, minimizing delays and maximizing return on investment. With approximately 111,500 vehicles passing daily, this high-traffic area ensures significant exposure for any future development. The property benefits from its proximity to key amenities, including hospitals, schools, and other upcoming developments, creating a thriving and desirable environment. Easy access to major highways north and south of the site further enhances its strategic appeal. The APN is 163-10-707-011. This land is ideally suited for a variety of commercial or mixed-use projects, making it an attractive proposition for discerning investors seeking a prime location in a rapidly growing area of Las Vegas. The asking price is $3,000,000. The address is 3123 S Rainbow Blvd, Las Vegas, NV 89146.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.