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Property profile & analytics
OFF-MARKET
Estimated value
$2,780,000
Turn key restaurants
150 Rainbow Blvd Las Vegas, NV 89145-5304
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US62-0409138
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1982
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,370 SF
Lot
0.49 ac (21,344 SF)
APN
138-34-501-012
UPID
US62-0409138
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
-
Carl's Jr. Restaurant Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.77M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.78M
Owner & transaction history
Bernard Tse · 4 yrs held
Bernard Tse
since 2022
Last sale
$2.9M
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
$2,585,000
ML approach
$2,770,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$2,430,000
Current use
COMMERCIAL (GENERAL)
$2,130,000
Change: -12% · Conversion: Easy
Blend value · Realmo final
$2.78M
Range $2.50M – $3.06M · ±10% · vs last sale $2.88M (Apr 1 2022)
Last sale anchor
$2.88M
Apr 1 2022
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
$825 / 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
$7,605
Tax year 2023
Assessed value
$269,593
Assessed 2024
Previous assessed
$235,184
+14.6% YoY
Effective rate
2.82%
On assessed value
Assessed land
$141,788
Assessed improvement
$127,805
Land market value
$405,109
Improvement market value
$365,157
Total market value
$770,266
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1982
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Total area
3,370 SF
Lot
0.49 ac (21,344 SF)
APN
138-34-501-012
UPID
US62-0409138
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
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$2.4M
COMMERCIAL (GENERAL)
Est. value
$2.1M
RESTAURANT Current
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1982
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Lot
0.49 ac
Current owner
From public records · entity-resolved
Bernard Tse
Individual
Mailing address
1816 SWALLOW RDG WAY, ROSEVILLE, CA 95661-4028
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 13, 2024
—
Eagles Fly LLC
—
Deed
related
$10,900,000 · Credit Union 1
Apr 1, 2022
$2,880,000
Bernard Tse
S Larson Family Limited Partnership
Bargain And Sale Deed
$1,200,000 · Symetra Life Insurance Co
Feb 23, 2021
—
S Larson Family Limited Partnership
—
Deed
related
$10,900,000 · Credit Union 1
Jul 12, 2018
—
S Larson Family LP
—
Loan Modification
related
$12,798,500 · Western Alliance Bk
Jan 12, 2018
—
S Larson Family LP
—
Loan Modification
related
$12,798,500 · Western Alliance Bk
Aug 15, 2011
—
S Larson Family LP
Larson S Living Trust 2002
Quit Claim Deed
related
—
—
—
S Larson Family LP
—
Deed Of Trust
related
$4,000,000 · Bank Of Nevada
—
—
S L Investments INC
—
Deed Of Trust
related
$1,100,000 · La Jolla Bank
—
—
S Larson Family LP
—
Loan Modification
related
$19,906,730 · Western Alliance Bk
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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