1725 Rainbow BlvdLas Vegas, NV 89146

Property Details for 1725 Rainbow Blvd

Year built

1986

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

3.87 AC

Property size (Sq ft)

32,700 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

163-03-603-011

APU

16303603011

Description

This exceptional Las Vegas retail property, located at 1725 S Rainbow Blvd, offers 40,106 square feet of leasable space across four single-story buildings. The property features 32 suites, with a minimum divisible space of 1,200 square feet and a maximum contiguous space of 36,770 square feet. Currently, 19,782 square feet are vacant, presenting a significant opportunity for various retail, restaurant, or medical businesses. The center boasts 223 total parking spaces, including covered parking in the rear, ensuring ample convenience for customers. Situated on a 3.87-acre lot, the property benefits from excellent visibility and access on Rainbow Boulevard, a major thoroughfare. Recent improvements include a fresh coat of paint throughout the shopping center. The location provides easy access to key arterials such as Charleston Boulevard, Sahara Avenue, and Summerlin Parkway, maximizing exposure to a large customer base. The property is zoned Limited Commercial (C-1) and is anchored by Shoe Palace, further enhancing its appeal within a strong retail corridor. Built in 1986, this established center offers a blend of established presence and significant redevelopment potential. The property's APN is 163-03-603-011. This is a prime opportunity for businesses seeking high-visibility space in a thriving Las Vegas location.

• CAP approach

  CAP return

  Valuation

  6%

  $10,442,771

  6.5%

  $9,639,481

  7%

  $8,950,947

• Comparable approach

  Method

  Valuation

  Relative Method

  $16,509,641

  Geo Method

  $16,509,641

• Alternative Use

  Use

  Valuation

  Residential

  $8,131,263

  Hospitality

  $7,448,193

  Educational

  $6,196,809

  Medical

  $6,409,927

  Retail

  $9,639,481

Location Insight

City

Las Vegas

County

Clark

State

Nevada

Latitude

36.1526

Longitude

-115.244

CBSA code

29820

CBSA name

LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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