5640 Rainbow Blvd Las Vegas, NV 89130
This exceptional 0.79-acre commercial land parcel, located at 5640 N Rainbow Blvd in Las Vegas, Nevada (APN 125-26-410-006), presents a unique investment opportunity. Zoned C-1 (Limited Commercial), this property boasts ±125 feet of high-visibility frontage on Rainbow Boulevard, a major thoroughfare with a daily traffic count of 31,863 vehicles. Its strategic location at the northeast corner of Rainbow Boulevard and Ann Road provides convenient access to US-95 and CC-215, ensuring excellent connectivity. The site is already improved with on-site water and electricity, simplifying development. Surrounding amenities include established businesses such as 7-Eleven, Walgreens, and Chevron, along with the proximity to Centennial Hills, Santa Fe Station Casino, Carmax, and Los Prados Golf & Country Club. Strong demographics within a 5-mile radius further enhance the property's appeal, with a population of 388,657, 139,828 total households, and an average household income of $112,408. This prime location, coupled with existing infrastructure and favorable zoning, makes this land ideal for a variety of commercial ventures in a rapidly expanding area of Las Vegas. The asking price is $750,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.