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Property profile & analytics
OFF-MARKET
Estimated value
$6,570,000
Outlet malls
120 Rainbow Blvd Las Vegas, NV 89145-5330
Individually Owned
3-yr Hold
Free & Clear
Property ID
US62-1260052
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1980
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
42,036 SF
Lot
3.67 ac (159,865 SF)
APN
138-34-501-003
UPID
US62-1260052
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Foods Co Grocery & Convenience Store Food Market
-
Conn's HomePlus Electronics & Wireless Store
-
Redbox (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.41M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.57M
Owner & transaction history
Robert E Cox · 3 yrs held
Robert E Cox
since 2023
Last sale
$6.8M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Las Vegas submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Las Vegas submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$6,385,000
ML approach
$6,405,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$6.57M
Range $5.91M – $7.23M · ±10% · vs last sale $6.75M (Jan 31 2023)
Last sale anchor
$6.75M
Jan 31 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$156 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$39,147
Tax year 2023
Assessed value
$1,532,422
Assessed 2024
Previous assessed
$1,335,923
+14.7% YoY
Effective rate
2.55%
On assessed value
Assessed land
$830,898
Assessed improvement
$701,524
Land market value
$2,373,994
Improvement market value
$2,004,354
Total market value
$4,378,348
Applied tax rate
200.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1980
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Total area
42,036 SF
Lot
3.67 ac (159,865 SF)
APN
138-34-501-003
UPID
US62-1260052
Jurisdiction
CLARK
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1980
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Lot
3.67 ac
Current owner
From public records · entity-resolved
Robert E Cox
Individual
Free & Clear · 3 yrs held
Mailing address
1023 KYS DR, BOULDER CITY, NV 89005-1135
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 31, 2023
$6,750,000
Robert E Cox
Ranches Smith
Bargain And Sale Deed
—
Jul 5, 2016
$6,335,000
Smith Ranches
Brnk Las Vegas LLC
Grant Deed
—
Jul 29, 2013
$1,371,409
Brnk Las Vegas LLC
Comm 2006-fl12 Grocery Stores Maste
Bargain And Sale Deed
—
Dec 17, 2012
—
Comm 2006-fl12 Grocery Stores
Abnk Properties LLC
Grant Deed
related
—
Jul 25, 2006
$197,932
Abnk Properties LLC
Nk Remainder Interest LLC
Bargain And Sale Deed
—
Jul 25, 2006
$2,189,597
Abnk Properties LLC
Newkirk Vegrouge
Grant Deed
—
Aug 30, 2000
$196,000
Nk-remainder Interest LLC
American Friends Of Boys Town
Quit Claim Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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