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    Property profile & analytics

    5915 Rainbow Blvd Las Vegas, NV 89118-2557

    • Medical offices
    • 16,072 SF
    • 1.49 lot acres
    OFF-MARKET
    Value Estimation
    $5,385,000
    Last Sale
    Feb 03, 2023
    $5,750,000
    Location Intelligence
    Property ID
    US62-0000626
    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

    • Anthony Valiente / Nurse Practitioner
    • SHOIB MYINT / Ophthalmologist
    • DARRICK WILLIAM NEIBAUR / Ophthalmologist
    • Stonecreek Medical Office / Medical Office
    • Kristen Peterson / Marriage Or Relationship Counselor / Medical School

    Property Details for 5915 Rainbow Blvd

    Year built
    2007
    Construction
    FRAME
    Lot size
    1.49 lot acres
    Property size
    16,072 SF
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    163-34-601-042
    APU
    16334601042

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $5,440,000

    • CAP approach

      CAP return
      Estimation
      6%
      $5,830,000
      6.5%
      $5,630,000
      7%
      $5,250,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $5,205,000
      Geo Method
      $5,495,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $5,635,000
      Retail
      $4,620,000
      Mixed-Use
      $5,685,000
      Hospitality
      $5,530,000
      Educational
      $5,135,000
      Residential Income
      $4,770,000
      Energy
      $4,435,000
      Income-Based Land
      $4,750,000
      Food Service
      $5,575,000

    Location Insight

    • Map
    • Local Demand
    City
    Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.244
    Latitude
    36.0811
    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
    $16,039
    $298,039
    $947,684
    $1,245,723
    -
    $851,540
    $2,707,669
    $3,559,209

    Comparable in this City

    • 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
      $12,930,000
      20,316 SF

      5815 Rainbow Blvd

      MEDICAL BUILDING • 20,316 SF
      5815 Rainbow Blvd, Las Vegas, NV 89118-2553
      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

    Similar Nearby for Sale

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    • $279,000
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      Income-Producing Condo with Attached Garage

      Two-bed, two-bath condo in guard-gated community near Las Vegas Strip.
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      Two-bedroom condo in a secure, well-maintained Las Vegas community.
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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
      5052 Jones Blvd, Las Vegas, NV 89118
      View Details
    • $24 SF/Yr
      45,438 SF

      Las Vegas Multi-Tenant Retail Center

      High-traffic retail center, excellent visibility
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      View Details
    • $1.40 SF/Yr
      73,429 SF

      Valley View Commerce Center: Las Vegas

      Executive Suites & Warehouse Space Available
      5130 Valley View 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.
      6975 S Decatur Blvd, Las Vegas, NV 89118
      View Details
    • $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
    • $11 SF/Yr
      26,343 SF

      Las Vegas Office Space for Lease

      Prime Office Suites, Southwest Las Vegas
      4495 Hacienda Ave, Las Vegas, NV 89118
      View Details
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    Las Vegas, NV 89118-2557
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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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