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    Property profile & analytics

    5815 Rainbow Blvd Las Vegas, NV 89118-2553

    • Medical offices
    • 20,316 SF
    • 1.85 lot acres
    OFF-MARKET
    Value Estimation
    $12,930,000
    Last Sale
    Jul 29, 2022
    $13,250,000
    Location Intelligence
    Property ID
    US62-0535394
    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

    • Dr. Hassan Osman / Nephrologist
    • Hannah Tiu / Nephrologist
    • Jeffrey Ryu / Nephrologist
    • Neda Hashemi / Nephrologist
    • Dr. Trang Nguyen-Le / Nephrologist / Internist

    Property Details for 5815 Rainbow Blvd

    Year built
    2020
    Construction
    FRAME
    Lot size
    1.85 lot acres
    Property size
    20,316 SF
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    163-34-501-018
    APU
    16334501018

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $12,905,000

    • CAP approach

      CAP return
      Estimation
      6%
      $12,580,000
      6.5%
      $12,520,000
      7%
      $14,375,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $11,715,000
      Geo Method
      $15,535,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $11,510,000
      Retail
      $11,305,000
      Mixed-Use
      $11,330,000
      Hospitality
      $13,820,000
      Educational
      $14,170,000
      Residential Income
      $12,755,000
      Energy
      $12,455,000
      Income-Based Land
      $11,925,000
      Food Service
      $12,960,000

    Location Insight

    • Map
    • Local Demand
    City
    Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.243
    Latitude
    36.0828
    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
    $46,331
    $493,589
    $1,074,627
    $1,568,216
    -
    $1,410,254
    $3,070,363
    $4,480,617

    Comparable in this City

    • Value Estimation by Request
      27,100 SF

      5495 Rainbow Blvd

      MEDICAL BUILDING • 27,100 SF
      5495 Rainbow Blvd, Las Vegas, NV 89118-1871
      View Details
    • Value Estimation
      $395,000
      4,972 SF

      6020 Jones Blvd

      MEDICAL BUILDING • 4,972 SF
      6020 Jones Blvd, Las Vegas, NV 89118-2619
      View Details
    • Value Estimation
      $595,000
      3,251 SF

      6265 Rainbow Blvd

      MEDICAL BUILDING • 3,251 SF
      6265 Rainbow Blvd, Las Vegas, NV 89118-3205
      View Details
    • Value Estimation
      $425,000
      4,773 SF

      5980 Jones Blvd

      MEDICAL BUILDING • 4,773 SF
      5980 Jones Blvd, Las Vegas, NV 89118-2610
      View Details
    • Value Estimation by Request
      58,531 SF

      5380 Rainbow Blvd

      MEDICAL BUILDING • 58,531 SF
      5380 Rainbow Blvd, Las Vegas, NV 89118-1877
      View Details
    • Value Estimation by Request
      59,560 SF

      5320 Rainbow Blvd

      MEDICAL BUILDING • 59,560 SF
      5320 Rainbow Blvd, Las Vegas, NV 89118-1895
      View Details

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    • $1,250,000
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      Residential Land Near Las Vegas Strip

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    Similar Nearby for Lease

    • $21 SF/Yr
      25,511 SF

      Reno Jones Medical Office Space

      1,819 SF Medical Office Suite Available
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      View Details
    • $24 SF/Yr
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      Las Vegas Multi-Tenant Retail Center

      High-traffic retail center, excellent visibility
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      View Details
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    • $2 SF/Yr
      2,000 SF

      Modern Office Space on Rainbow

      Modern 2,000 SF office space with great visibility.
      5960 S Rainbow Blvd, Las Vegas, NV 89118
      View Details
    • $2 SF/Yr
      11,673 SF

      Office Space Available For Rent

      Office space available for rent in Las Vegas, Nevada.
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      View Details
    • $16 SF/Yr
      9,749 SF

      Las Vegas Office Space - 9,749 SF

      Prime Las Vegas office building, multiple suites available.
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      View Details
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    Las Vegas, NV 89118-2553
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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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