7375 Rainbow BlvdLas Vegas, NV 89118

Property Details for 7375 Rainbow Blvd

Year built

2018

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

8.97 AC

Property size (Sq ft)

29,900 SF

Property type

Grocery and convenience stores

APN

176-10-514-002

APU

17610514002

Description

This exceptional retail opportunity is located within the Commons at Warm Springs shopping center in the vibrant Southwest Las Vegas valley. Situated at 7375 S Rainbow Blvd, Las Vegas, NV 89118, this property benefits from a prime location less than one mile from I-215, ensuring high visibility and accessibility. The center is anchored by Sprouts, and boasts a strong tenant mix including Wendy's, Tide Cleaners, The Joint, Music & Arts, Red Rock Running, and Rubio's. This ensures a consistent flow of customers and a thriving retail environment. The available space is part of an outparcel/pad or strip center configuration, offering a flexible layout. While a 1,050 sq. ft. space is currently available, units ranging from a minimum of 1,500 sq. ft. to a maximum contiguous space of 5,941 sq. ft. may be possible. The lot size varies between 0.53 and 0.78 acres, providing ample space for potential expansion or outdoor amenities. The property's APN is 176-10-514-002. This is an ideal location for businesses seeking high foot traffic and exposure in a well-established retail center. The property is zoned for retail use and offers significant potential for growth and profitability. Contact us today to learn more about this exciting opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $11,050,500

  6.5%

  $10,200,400

  7%

  $9,471,820

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,230,080

  Geo Method

  $6,230,080

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $19,572,300

  Mixed-Use / Specialty

  $10,293,200

  Hospitality / Lodging

  $7,719,880

  Office

  $10,366,500

  Institutional / Educational

  $10,746,900

  Residential Income

  $12,573,900

  Multifamily

  $14,364,600

  Automotive / Energy

  $9,211,630

  Parking / Income-Based Land

  $3,051,260

  Restaurant / Food Service

  $5,629,120

  Healthcare / Senior Housing

  $10,423,100

Location Insight

City

Las Vegas

County

Clark

State

Nevada

Latitude

36.0547

Longitude

-115.245

CBSA code

29820

CBSA name

LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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