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Property profile & analytics
OFF-MARKET
Estimated value
$520,000
Retail space
2230 Rainbow Blvd, Las Vegas, NV 89108-7053
Trust Owned
12-yr Hold
~
Est. High Equity
Property ID
US62-1271182
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,211 SF
Lot
0.2 ac (8,712 SF)
APN
138-23-110-003
UPID
US62-1271182
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
-
InFit Vegas Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$575k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$520k
Owner & transaction history
Zhang Family Trust · 12 yrs held
Zhang Family Trust
since 2014
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$620,000
6.5%
$575,000
7%
$530,000
Blend value · Realmo final
$520k
Range $468k – $572k · ±10%
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
$162 / 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
$4,114
Tax year 2023
Assessed value
$130,572
Assessed 2024
Previous assessed
$125,397
+4.1% YoY
Effective rate
3.15%
On assessed value
Assessed land
$44,213
Assessed improvement
$86,359
Land market value
$126,323
Improvement market value
$246,740
Total market value
$373,063
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
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Total area
3,211 SF
Lot
0.2 ac (8,712 SF)
APN
138-23-110-003
UPID
US62-1271182
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
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Lot
0.2 ac
Current owner
From public records · entity-resolved
Zhang Family Trust
Trust
Mailing address
2485 ROANOKE RD, SAN MARINO, CA 91108-2638
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 9, 2014
$675,000
Zhang Family Trust
Alano 3 LLC
Grant Deed
—
Feb 21, 2013
$475,000
Alan 3 LLC
Alano Plaza 2 LLC
Bargain And Sale Deed
—
Apr 28, 2006
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
Apr 21, 2006
$1,275,000
Alano Plaza 2 LLC
Ken Lebovitz
Bargain And Sale Deed
$892,500 · Commercial Realty Consultants INC
Aug 29, 2000
$165,000
Lebovitz Trust
Lebovitz,loren & Stacey L
Grant Deed
related
—
Dec 14, 1998
$795,000
Loren Lebovitz
Okeeley,faith R
Grant Deed
$596,250 · Community Bank Nevada
Oct 11, 1996
$60,000
Okelley,faith R
Klein,karl J
Trustees Deed
$22,000 · Commerce Loan Co
Oct 11, 1996
—
Okelley,faith R
—
Grant Deed
related
$333,000 · Commerce Loan Co
Aug 5, 1996
$60,000
Karl J Klein
Klein,mark J & Joyce E
Grant Deed
related
—
—
—
Lebovitz,tr
—
Deed Of Trust
related
$550,000 · First Republic Bank
—
—
Zhang Family Trust
—
Deed Of Trust
related
$446,121 · Wells Fargo 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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