Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    6315-6485 Rainbow Blvd Las Vegas, NV 89118
    Back to Search
    Property profile & analytics

    6315-6485 Rainbow Blvd Las Vegas, NV 89118

    View on Map
    • Retail properties & Spaces
    • 525,000 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 6315-6485 Rainbow Blvd

    Property size
    525,000 SF
    Property type
    Retail properties & Spaces

    Description

    This exceptional retail opportunity is located at 6315-6485 S Rainbow Blvd, Las Vegas, NV 89118, within Clark County. The Rainbow Sunset Pavilion offers a total of 525,000 square feet of commercial space, currently featuring five available retail units ranging in size from 1,782 square feet to 6,321 square feet. The property is zoned C-2 (General Commercial), allowing for a wide variety of retail uses. Its prime location on Rainbow Boulevard ensures high visibility and accessibility for customers. The building's substantial size and multiple unit availability present a unique opportunity for both established businesses seeking expansion and new ventures looking for a strong foothold in the vibrant Las Vegas market. This is an ideal investment for those seeking a high-traffic location with significant potential for growth and return. The property's address is easily accessible and benefits from excellent visibility and convenient access for customers. The diverse unit sizes cater to a range of business needs and scales. This is a rare opportunity to secure a significant presence in a bustling commercial area of Las Vegas. The C-2 zoning provides flexibility for a variety of retail businesses.

    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
    -115.244
    Latitude
    36.0731

    Comparable in this City

    • Value Estimation by Request
      16,000 SF

      5049 Russell Rd

      Restaurants • 16,000 SF
      5049 Russell Rd, Las Vegas, NV 89118
      View Details
    • Value Estimation by Request
      3,020 SF

      Swc Decatur & Wagon Trl Ave

      Individual retail properties • 3,020 SF
      0 Swc Decatur & Wagon Trl Ave, Las Vegas, NV 89118
      View Details
    • Value Estimation by Request
      11,430 SF

      5120 Decatur Blvd

      Retail properties & Spaces • 11,430 SF
      5120 Decatur Blvd, Las Vegas, NV 89118
      View Details
    • Value Estimation by Request
      24,607 SF

      6020-6040 Badura Ave

      Individual retail properties • 24,607 SF
      6020-6040 Badura Ave, Las Vegas, NV 89118
      View Details
    • Value Estimation by Request
      72,332 SF

      6795 Edmond St

      Office properties & Spaces • 72,332 SF
      6795 Edmond St, Las Vegas, NV 89118
      View Details
    • Value Estimation by Request
      225 SF

      5055 Hacienda Ave, Unit G1048

      RESIDENTIAL PARKING GARAGE • 225 SF
      5055 Hacienda Ave, Las Vegas, NV 89118-0305
      View Details

    Similar Nearby for Sale

    • $2,200,000
      4,063 SF

      Premium Las Vegas Event Space

      NNN leased event space with annual increases.
      6635 Badura Ave, Las Vegas, NV 89118
      View Details
    • $10,895,000
      14,044 SF

      Occupied Strip Building For Sale

      Fully occupied strip building with long-term leases and rental increases.
      5840 S Rainbow Blvd, Las Vegas, NV 89118
      View Details
    • Contact for pricing
      18,788 SF

      Las Vegas Warehouse/Showroom with Billboard

      Warehouse/showroom in Stadium District with billboard income and accessibility improvements.
      3910 Graphic Center Dr, Las Vegas, NV 89118
      View Details
    • Contact for pricing
      6,210 SF

      Established Domino's Location For Sale

      Long-term Domino's Pizza location near Allegiant Stadium.
      5355 S Decatur Blvd, Las Vegas, NV 89118
      View Details
    • Contact for pricing
      15,000 SF

      Industrial Building with Retail Buildout

      15,000 SF industrial building with retail buildout on 2.1 acres.
      3176 W Martin Ave, Las Vegas, NV 89118
      View Details
    • $2,400,000
      1.79 Acres

      Las Vegas Land Development Opportunity

      Prime 5.97-acre land parcel for luxury residential development.
      6721 Rogers St, Las Vegas, NV 89118
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Rainbow Square Retail Opportunity

      Retail spaces available across from Spring Valley Hospital on Rainbow Blvd.
      5447 South Rainbow Blvd, Las Vegas, NV 89118
      View Details
    • Contact for pricing
      4,990 SF

      Las Vegas Retail Space Available

      4,990 SF retail space for lease in Las Vegas.
      6010 S Rainbow Blvd, Las Vegas, NV 89118
      View Details
    • Contact for pricing

      Restaurant Space Available in Las Vegas

      Rare second generation restaurant space in a busy retail center.
      5693 S Jones Blvd, Las Vegas, NV 89118
      View Details
    • Contact for pricing
      7,544 SF

      Retail Space on Rainbow Blvd

      Retail space with high visibility on a busy corridor.
      6410 S Rainbow Blvd, Las Vegas, NV 89118
      View Details
    • Contact for pricing
      6,405 SF

      Retail Space on Arville Street

      Retail space available on a corner lot with ample parking.
      4970 Arville St, Las Vegas, NV 89118
      View Details
    • $1.00 SF/Yr

      Industrial Property with Retail Frontage

      Freestanding industrial property with retail frontage and high visibility.
      5325 S Valley View Blvd, Las Vegas, NV 89118
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    6315-6485 Rainbow Blvd
    Las Vegas, NV 89118
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    6315-6485 Rainbow Blvd, Las Vegas, NV, 89118
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!