8025 Rainbow Blvd, Las Vegas, NV 89139-6495
- Retail space
- 5,986 SF
- 0.92 lot acres
Current Use by Public Records
- Nails by Sofia / Nail Salon
- Pearle Vision / Physician
- Drs. Kopolow and Girisgen (Windmill) / Physician
- Jesica Lemus / Physician
- Yen Chu Chen / Physician
Property Details for 8025 Rainbow Blvd
- Year built
- 2018
- Construction
- FRAME
- Lot size
- 0.92 lot acres
- Property type
- Retail space
- APN
- 176-10-816-003
- APU
- 17610816003
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| May 27, 2025 | — | Kelly Duong | Chorng Shenq Yap | Quitclaim Deed · related | $100k · East West Bank |
| May 27, 2025 | $1,051,500 | Hung C Duong | Kelly Duong | Bargain & Sale Deed | $1.9M · East West Bank |
Description
The Shops on Rainbow, a Class A, multi-tenant retail shopping center in Las Vegas, Nevada, presents a compelling investment opportunity. This stabilized, 6,148 square foot property boasts a 5.15% cap rate and a strong net operating income (NOI) of $247,253. Built in 2018, the property consists of two single-story buildings on a 0.92-acre lot, situated at a high-visibility, signalized intersection on South Rainbow Boulevard and West Santoli Avenue. The property is currently 100% occupied by three tenants, including Bank of America. The lease type is NNN, providing a predictable income stream. The property benefits from excellent parking and accessibility, and is zoned Clark County Commercial General (CG). Its prime location offers easy access to major thoroughfares and is surrounded by a dense population with high average household incomes. The surrounding area includes numerous national retailers and amenities, further enhancing the property's value and potential for future growth. The property's strong tenant mix, high occupancy rate, and favorable location make it an attractive investment for discerning buyers. The Assessor Parcel Number (APN) is 176-10-816-003. The asking price is $4,800,000, translating to a price per square foot of $780.74.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $870,000
- ML approach
- $880,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Las Vegas
- County
- Clark
- State
- Nevada
- Longitude
- -115.244
- Latitude
- 36.0428
- CBSA code
- 29820
- CBSA name
- LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA
