Property profile

5608 Rainbow Blvd Las Vegas, NV 89118

OFF-MARKET
Strip malls
Property ID
US62-0834647
7,255 SF 1.03 ac lot Built 2020
Entity Owned 6-yr Hold Free & Clear
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Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2020
Construction FRAME
Total area 7,255 SF
Lot 1.03 ac (44,867 SF)
APN 163-26-413-007
UPID US62-0834647

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Medical Laboratory
  • Cafe & Coffee Shop

Location

5608 Rainbow Blvd Las Vegas, NV 89118-1808
Las Vegas metro Census 2961 LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$4.29M
CAP Approach CAP
$2.70M
Comparable Approach Comparable
$2.98M
Blend (final) Blend
$4.43M

Owner & transaction history

since 2020
Last sale
$3.9M
1 recorded transaction
2020
$386,784

Zoning & alternative use

Top alternative use upside
Restaurant $5.2M +66.0%
Commercial (general) $4.6M +45.7%
Auto repair, garage $4.0M +27.9%

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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