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    6590 Rainbow Blvd Las Vegas, NV 89118-3327

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    Property profile & analytics

    6590 Rainbow Blvd Las Vegas, NV 89118-3327

    View on Map
    • Strip malls
    • 9,783 SF
    • 2.08 lot acres
    Off-Market
    Property ID
    US62-0782159
    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.
    Value Estimations
    $2,595,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Pomponio Injury Law / Law Firm
    • NuFemme Rejuvenation Clinic / Medical Clinic
    • GlowNV Aesthetics / Spa & Massage Center / Skin Care Clinic
    • Devlynn Scarpati Century 21 Americana / Real Estate Agency
    • Lana M Clark / Real Estate Agency

    Property Details for 6590 Rainbow Blvd

    Year built
    2020
    Construction
    FRAME
    Lot size
    2.08 lot acres
    Property size
    9,783 SF
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    176-02-110-007
    APU
    17602110007

    Description

    This exceptional 250-square-foot executive office suite, located at 6590 S Rainbow Blvd, Las Vegas, NV 89118 (cross streets: 215 & Rainbow), is perfect for a discerning legal professional. Built in 2020, this two-story building offers a professional environment within the Rainbow Commons. The suite is part of a single-suite building with elevator access. The space is immediately available and features a modern design ideal for law practices. Its strategic location provides easy access to courts, government buildings, and other legal and financial services. The suite benefits from high-speed internet access and is situated in a secure building. Ample parking is available for clients and staff. Flexible lease terms are available to accommodate various needs. This is an opportunity to establish a prominent presence in a highly sought-after Las Vegas business address. The space is designed to impress clients with a welcoming reception area and comfortable meeting spaces. Modern amenities ensure a productive and efficient work environment. This turnkey solution allows immediate occupancy and focuses on functionality, elegance, and confidentiality.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $4,245,000
      Current use
      RETAIL STORES
      $3,655,000
      Change: -14% Conversion: Easy

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.242
    Latitude
    36.0693
    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
    2021
    $39,930
    $549,248
    $460,411
    $1,009,659
    -
    $1,569,280
    $1,315,460
    $2,884,740

    Comparable in this City

    • Value Estimation
      $4,200,000
      25,080 SF

      6230 Decatur Blvd

      SHOPPING CENTER, STRIP CENTER • 25,080 SF
      6230 Decatur Blvd, Las Vegas, NV 89118-4367
      View Details
    • Value Estimation
      $6,480,000
      23,596 SF

      6825 Russell Rd

      SHOPPING CENTER, STRIP CENTER • 23,596 SF
      6825 Russell Rd, Las Vegas, NV 89118-1888
      View Details
    • Value Estimation
      $3,890,000
      15,271 SF

      6910 Rainbow Blvd

      SHOPPING CENTER, STRIP CENTER • 15,271 SF
      6910 Rainbow Blvd, Las Vegas, NV 89118-3273
      View Details
    • Value Estimation
      $2,655,000
      12,728 SF

      6181 Rainbow Blvd

      SHOPPING CENTER, STRIP CENTER • 12,728 SF
      6181 Rainbow Blvd, Las Vegas, NV 89118-3228
      View Details
    • Value Estimation by Request
      1.18 Acres

      Las Vegas, NV 89118

      SHOPPING CENTER, STRIP CENTER • 1.18 Acres
      Las Vegas, NV 89118
      View Details
    • Value Estimation
      $1,045,000
      4,692 SF

      5347 Decatur Blvd

      SHOPPING CENTER, STRIP CENTER • 4,692 SF
      5347 Decatur Blvd, Las Vegas, NV 89118-2210
      View Details

    Similar Nearby for Sale

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      14,044 SF

      Occupied Strip Building For Sale

      Fully occupied strip building with long-term leases and rental increases.
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      15,000 SF

      Industrial Building with Retail Buildout

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      Established Domino's Location For Sale

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      18,788 SF

      Las Vegas Warehouse/Showroom with Billboard

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    • $2,200,000
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      Premium Las Vegas Event Space

      NNN leased event space with annual increases.
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      Las Vegas Land Development Opportunity

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    Similar Nearby for Lease

    • Contact for pricing

      Rainbow Square Retail Opportunity

      Retail spaces available across from Spring Valley Hospital on Rainbow Blvd.
      5447 South Rainbow Blvd, Las Vegas, NV 89118
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      4,990 SF

      Las Vegas Retail Space Available

      4,990 SF retail space for lease in Las Vegas.
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      View Details
    • Contact for pricing

      Restaurant Space Available in Las Vegas

      Rare second generation restaurant space in a busy retail center.
      5693 S Jones Blvd, Las Vegas, NV 89118
      View Details
    • Contact for pricing
      7,544 SF

      Retail Space on Rainbow Blvd

      Retail space with high visibility on a busy corridor.
      6410 S Rainbow Blvd, Las Vegas, NV 89118
      View Details
    • Contact for pricing
      6,405 SF

      Retail Space on Arville Street

      Retail space available on a corner lot with ample parking.
      4970 Arville St, Las Vegas, NV 89118
      View Details
    • $1.00 SF/Yr

      Industrial Property with Retail Frontage

      Freestanding industrial property with retail frontage and high visibility.
      5325 S Valley View Blvd, Las Vegas, NV 89118
      View Details
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    Las Vegas, NV 89118-3327
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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