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    Property profile & analytics

    101 Rainbow Blvd Las Vegas, NV 89107

    • Turn key restaurants
    • 2,062 SF
    • 0.54 lot acres
    For Lease
    View listing
    $24 SF/Yr
    Value Estimation
    $2,975,000
    Last Sale
    Sep 19, 2024
    $3,000,000
    Location Intelligence
    Property ID
    US62-0172704
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Farmers Insurance - David Corbett / Insurance Agency / Auto Insurance Agency
    • Essential Chiropractic Inc. / Chiropractor
    • 5teps / Website Designer
    • Pellegrini Pizza / Pizza Restaurant / Italian Restaurant
    • Banzai Madness / Commercial Printer / Embroidery Shop

    Property Details for 101 Rainbow Blvd

    Year built
    2018
    Construction
    FRAME
    Lot size
    0.54 lot acres
    Property size
    2,062 SF
    Property type
    Turn key restaurants
    APN
    138-34-513-003
    APU
    13834513003

    Description

    Rainbow Westcliff, located at 101 S Rainbow Blvd, Las Vegas, NV 89107, offers exceptional retail opportunities in a high-traffic area. This multi-tenant center boasts 4,460 square feet of vacant space, distributed across six available units ranging from 380 to 1,775 square feet. The property features a variety of layouts suitable for restaurants, offices, and second-generation retail businesses. Key anchors include Burger King, Terribles Chevron/Carwash, and Taco Bell, ensuring high visibility and foot traffic. The center benefits from convenient access to South Rainbow Boulevard and the I-15 Freeway, providing excellent accessibility for both customers and employees. The property also offers easy access to the I-15 freeway and boasts strong demographics. Larger spaces, ranging from 1,000 to 5,249 square feet, are also available. Lease rates are competitive, ranging from $1.50 to $1.75 per square foot, plus estimated common area maintenance (CAM) charges. This prime Las Vegas location presents a unique opportunity for businesses seeking high visibility and convenient access to major transportation arteries. The property's established tenant mix and strong location make it an ideal investment for a variety of retail concepts. Contact us today to learn more about the available spaces and lease terms.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $3,000,000

    • CAP approach

      CAP return
      Estimation
      6%
      $2,965,000
      6.5%
      $2,985,000
      7%
      $2,945,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $3,240,000
      Geo Method
      $2,785,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $2,965,000
      Retail
      $2,420,000
      Mixed-Use
      $3,180,000
      Hospitality
      $2,510,000
      Educational
      $2,890,000
      Residential Income
      $2,865,000
      Energy
      $2,400,000
      Income-Based Land
      $2,795,000
      Food Service
      $2,435,000

    Location Insight

    • Map
    • Local Demand
    City
    Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.244
    Latitude
    36.1725
    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
    $9,508
    $135,840
    $208,094
    $343,934
    -
    $388,114
    $594,554
    $982,668

    Comparable in this City

    • Value Estimation
      $280,000
      0.41 Acres

      1021 Buffalo Dr

      RESTAURANT • 0.41 Acres
      1021 Buffalo Dr, Las Vegas, NV 89145-5967
      View Details
    • Value Estimation
      $390,000
      4,225 SF

      238 Rainbow Blvd

      RESTAURANT • 4,225 SF
      238 Rainbow Blvd, Las Vegas, NV 89145-5329
      View Details
    • Value Estimation by Request
      5,788 SF

      301 Buffalo Dr

      RESTAURANT • 5,788 SF
      301 Buffalo Dr, Las Vegas, NV 89145-0324
      View Details
    • Value Estimation
      $340,000
      3,240 SF

      1021 Buffalo Dr

      RESTAURANT • 3,240 SF
      1021 Buffalo Dr, Las Vegas, NV 89145-5967
      View Details
    • Value Estimation by Request
      3,388 SF

      101 Rainbow Blvd

      RESTAURANT • 3,388 SF
      101 Rainbow Blvd, Las Vegas, NV 89145-5362
      View Details
    • Value Estimation
      $2,745,000
      3,370 SF

      150 Rainbow Blvd

      RESTAURANT • 3,370 SF
      150 Rainbow Blvd, Las Vegas, NV 89145-5304
      View Details

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    101 Rainbow Blvd
    Las Vegas, NV 89107
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    Realmo Value Estimation

    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.

    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.

    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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