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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2192 Rainbow Blvd Las Vegas, NV 89108

    • Neighborhood centers
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Verizon / Mobile Phone Store / Electronics & Wireless Store
    • Verizon Business Services / Business To Business Service
    • Omaha Steaks / Take-out & Catering / Butcher
    • Best In The West Shopping Center / Shopping Center & Mall
    • Spirit Halloween / Department Store

    Property Details for 2192 Rainbow Blvd

    Property type
    Neighborhood centers
    Property subtype
    Retail properties

    Description

    This exceptional retail opportunity is located at 2192 N Rainbow Blvd, Las Vegas, NV 89108. The Best in the West Shopping Center, a +/- 427,683 square foot power center built in 1998, boasts high visibility from I-95, with over 172,000 vehicles passing daily. This vibrant center is anchored by major retailers including Burlington, Nordstrom Rack, Best Buy, TJ Maxx, Marshalls, Old Navy, Five Below, and Ulta, ensuring high foot traffic and a strong customer base. Three spaces are currently available, ranging from 1,231 to 3,937 square feet, with a minimum divisible space of 1,236 square feet and a maximum contiguous space of 30,896 square feet. The center serves a dense population

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.242
    Latitude
    36.1961

    Comparable in this City

    • Value Estimation by Request

      3001 Rainbow Blvd

      Neighborhood centers
      3001 Rainbow Blvd, Las Vegas, NV 89108
      View Details
    • Value Estimation by Request
      0.11 Acres

      1411 Jones Blvd

      SHOPPING CENTER, STRIP CENTER • 0.11 Acres
      1411 Jones Blvd, Las Vegas, NV 89108-1667
      View Details
    • Value Estimation
      $1,085,000
      5,984 SF

      2160 Rainbow Blvd

      SHOPPING CENTER, STRIP CENTER • 5,984 SF
      2160 Rainbow Blvd, Las Vegas, NV 89108-7365
      View Details
    • Value Estimation
      $1,815,000
      11,522 SF

      6651 Smoke Rnch Rd

      SHOPPING CENTER, STRIP CENTER • 11,522 SF
      6651 Smoke Rnch Rd, Las Vegas, NV 89108-8419
      View Details
    • Value Estimation
      $825,000
      4,550 SF

      4750 Lk Mead Blvd Ste, Unit 102

      SHOPPING CENTER, STRIP CENTER • 4,550 SF
      4750 Lk Mead Blvd Ste, Las Vegas, NV 89108-6121
      View Details
    • Value Estimation
      $7,360,000
      15,000 SF

      6121 Lk Mead Blvd Ste, Unit 130

      SHOPPING CENTER, STRIP CENTER • 15,000 SF
      6121 Lk Mead Blvd Ste, Las Vegas, NV 89108-2744
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,500 SF

      Rainbow Promenade Retail Pad

      Las Vegas retail space, prime location.
      2341 Rainbow Blvd, Las Vegas, NV 89108
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      Commercial Land on Jones Boulevard

      1.43 acre commercial land with business included in sale.
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      Commercial Pad in Las Vegas

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    • $4,000,000
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      Finished Commercial Pads Near I-95

      Finished commercial lots ready for ground lease or build to suit.
      6802 W Craig Rd, Las Vegas, NV 89108
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    Similar Nearby for Lease

    • Contact for pricing
      2,731 SF

      Las Vegas Retail Space Available

      Prime Retail Strip Center, Multiple Units
      2192 Rainbow Blvd, Las Vegas, NV 89108
      View Details
    • $30 SF/Yr
      4,744 SF

      Cheyenne Commons Retail Space

      Las Vegas retail center, high traffic area.
      3001 Rainbow Blvd, Las Vegas, NV 89108
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    • Contact for pricing
      50,094 SF

      Rainbow Promenade Retail Pad

      Las Vegas Retail Pad - Sale or Lease
      2341 Rainbow Blvd, Las Vegas, NV 89108
      View Details
    • $3 SF/Yr
      2,892 SF

      Las Vegas Retail Space Available

      Retail space for lease in busy Las Vegas shopping center.
      1251-1291 S Decatur Blvd, Las Vegas, NV 89108
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    • Contact for pricing
      4,800 SF

      Retail Space on Rainbow Boulevard

      4,800 square feet of retail space available for rent.
      3223 N Rainbow Blvd, Las Vegas, NV 89108
      View Details
    • $1.00 SF/Yr
      15,528 SF

      Visible End Cap Showroom Space

      End cap suite with showroom, offices, and secure storage.
      1701 N Decatur Blvd, Las Vegas, NV 89108
      View Details
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    2192 Rainbow Blvd
    Las Vegas, NV 89108
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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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