Property profile

2747 Rainbow Blvd 140 Las Vegas, NV 89108

OFF-MARKET
Retail space
Property ID
US62-0558642
3,868 SF 0.97 ac lot Built 2021
Entity Owned 8-yr Hold Free & Clear
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Property summary

AI-generated overview

This 3,800 square foot, single-story retail building, constructed in 2021, is situated on a 0.97-acre lot at 2747 N. Rainbow Blvd., near Peak Drive. Zoned Limited Commercial District (C-1), the property features three suites, with a minimum divisible space of 1,260 square feet and a maximum contiguous space of 3,800 square feet. Currently fully vacant, this building is ideally suited for multiple tenants or a single large user. The property boasts a prime location in a neighborhood retail center anchored by a Sinclair gas station, offering excellent visibility and accessibility. It benefits from high traffic counts exceeding 239,500 vehicles per day on nearby roadways, including the US-95 Freeway. The surrounding area is densely populated, with over 420,224 residents within a 5-mile radius, exhibiting an average household income of $92,993. The building is currently in grey shell condition, but includes a grease interceptor, making it suitable for restaurant use. Qualified tenants may be eligible for tenant improvement allowances and free rent. APN: 138-15-701-002.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2021
Construction FRAME
Total area 3,868 SF
Lot 0.97 ac (42,253 SF)
APN 138-15-701-002
UPID US62-0558642

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2747 Rainbow Blvd, Unit 140 Las Vegas, NV 89108-4530
Las Vegas metro Census 3415 LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$330k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$330k

Owner & transaction history

since 2018
5 recorded transactions
2018
$600,000
2005
$650,000
2002
Price N/A
1969
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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