7945 Rainbow BlvdLas Vegas, NV 89139

  • Retail properties
  • 7,375 SF
For Sale
$7,250,000 View listing

Property Details for 7945 Rainbow Blvd

Year built
2017
Construction
FRAME
Lot size
0.65 AC
Property size (Sq ft)
7,375 SF
Property type
Retail properties
Property subtype
Turn key restaurants
APN
176-10-815-006
APU
17610815006

Description

This exceptional 7,400 square foot shopping center presents a lucrative investment opportunity in the vibrant Las Vegas market. Located at 7945 S. Rainbow Blvd, in Clark County, Nevada (zip code 89139), this single-story retail property sits on a 0.65-acre lot. The asking price is $7,250,000, translating to a price per square foot of $709.46. The property consists of a single unit, ideal for a variety of retail uses. Its prime location in Las Vegas offers excellent visibility and accessibility, ensuring high foot traffic and potential for strong rental income. This is a rare opportunity to acquire a well-situated, established retail center in a thriving Nevada market. The property's size and location make it an attractive investment for both seasoned and emerging investors seeking a stable and profitable addition to their portfolio. Detailed financial information and property specifics are available upon request. This is a turnkey operation ready for immediate income generation. Don't miss this chance to own a piece of the Las Vegas retail landscape.

Valuation
by Realmo methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $3,592,900
    6.5%
    $3,316,524
    7%
    $3,079,629
  • Comparable approach

    Method
    Valuation
    Relative Method
    $3,723,505
    Geo Method
    $3,723,505
  • Alternative Use

    Use
    Valuation
    Residential
    $2,797,612
    Hospitality
    $2,562,597
    Educational
    $2,132,051
    Medical
    $2,205,375
    Retail
    $3,316,524
7945 Rainbow Blvd, Las Vegas, Nevada
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Location Insight

City
Las Vegas
County
Clark
State
Nevada
Latitude
36.0444
Longitude
-115.244
CBSA code
29820
CBSA name
LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$20,561
$257,657
$557,534
$815,191
-
$736,163
$1,592,954
$2,329,117

FAQs

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