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Property profile & analytics
OFF-MARKET
Estimated value
$5,475,000
Retail space
1950 Rainbow Blvd Ste 105 Las Vegas, NV 89146-2819
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US62-0136038
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1999
Construction
FRAME
Total area
19,155 SF
Lot
3.56 ac (155,074 SF)
APN
163-02-313-011
UPID
US62-0136038
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.49M
CAP Approach
CAP
$6.66M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.48M
Owner & transaction history
De Colores LLC · 6 yrs held
De Colores LLC
since 2020
Last sale
$4.9M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$8.9M
+23.9%
Neighborhood: shopping center
$8.3M
+16.1%
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
$5,550,000
ML approach
$5,485,000
CAP Approach
CAP Return
Estimation
6%
$7,205,000
6.5%
$6,655,000
7%
$6,180,000
Alternative Use
Use
Estimation
RETAIL STORES
$7,160,000
Current use
OFFICE BUILDING
$8,870,000
Change: +24% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$8,315,000
Change: +16% · Conversion: Moderate
Blend value · Realmo final
$5.48M
Range $4.93M – $6.02M · ±10% · vs last sale $4.85M (Feb 12 2020)
Last sale anchor
$4.85M
Feb 12 2020
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
$286 / 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
$45,916
Tax year 2023
Assessed value
$2,176,279
Assessed 2024
Previous assessed
$1,886,096
+15.4% YoY
Effective rate
2.11%
On assessed value
Assessed land
$760,948
Assessed improvement
$1,415,331
Land market value
$2,174,137
Improvement market value
$4,043,803
Total market value
$6,217,940
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1999
Construction
FRAME
Heating
HEAT PUMP
Buildings
4
Stories
1
Total area
19,155 SF
Lot
3.56 ac (155,074 SF)
APN
163-02-313-011
UPID
US62-0136038
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
RETAIL STORES Current
Est. value
$7.2M
OFFICE BUILDING
Est. value
$8.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$8.3M
RETAIL STORES Current
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1999
Construction
FRAME
Heating
HEAT PUMP
Stories
1
Buildings
4
Lot
3.56 ac
Current owner
From public records · entity-resolved
De Colores LLC
Entity
Mailing address
PO BOX 5582, HACIENDA HEIGHTS, CA 91745-0582
Ownership since
2020
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
Feb 12, 2020
$4,850,000
De Colores LLC
Las Vegas Rainbow Holdings LLC
Grant Deed
$2,900,000 · Bank Of The West
May 9, 2014
$3,240,000
Las Vegas Rainbow Holdings LLC
Gable Jerry L
Grant Deed
related
$3,240,000 · 2016 E 15th Street Associates
Sep 20, 2011
—
Jerry L Gabel
1950-2050 South Rainbow
Grant Deed
related
—
Mar 29, 2011
$2,100,000
Jerry L Gabel
1950-2050 South Rainbow Blvd
Grant Deed
$222,500 · Armstrong Family Trust (pt)
Jul 13, 2010
$2,000,000
1950-2050 South Rainbow Boulev
Assured Lender Svcs INC
Trustees Deed
—
Jan 10, 2006
$8,250,000
Amapola Orange LLC
Brahms LLC
Grant Deed
—
Apr 9, 1999
$7,050,000
Brahms LLC
Finnian Rainbow LP
Grant Deed
$5,285,000 · Midland Loan Services LP
—
—
Finnian's Rainbow LP
—
Deed Of Trust
related
$2,400,000 · Norwest Bank Nevada
—
—
Las Vegas Rainbow Holdings LLC
—
Deed Of Trust
related
$420,000 · Benjy M & S Trust (it)
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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