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Property profile & analytics
OFF-MARKET
Estimated value
$7,900,000
Strip malls
2381 Windmill Ln Las Vegas, NV 89123-2068
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US62-0056422
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
44,846 SF
Lot
3.72 ac (162,043 SF)
APN
177-14-512-005
UPID
US62-0056422
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
-
Affordable Dental at Eastern & Windmill Dental Office
-
Tres Amigos Mexican Grill Restaurant
-
Olgas Grooming Salon Pet Grooming Service
-
Susan Mary Shields, PAC Physician
-
Shalemar Ann Kasan, MD Pediatrician Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.90M
Owner & transaction history
Rainbow Express Center LLC · 8 yrs held
Rainbow Express Center LLC
since 2018
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$176 / 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
$51,821
Tax year 2023
Assessed value
$2,159,274
Assessed 2024
Previous assessed
$1,886,020
+14.5% YoY
Effective rate
2.40%
On assessed value
Assessed land
$794,011
Assessed improvement
$1,365,263
Land market value
$2,268,603
Improvement market value
$3,900,751
Total market value
$6,169,354
Applied tax rate
470.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Total area
44,846 SF
Lot
3.72 ac (162,043 SF)
APN
177-14-512-005
UPID
US62-0056422
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
3.72 ac
Current owner
From public records · entity-resolved
Rainbow Express Center LLC
Entity
Mailing address
1820 E WARM SPGS RD STE #120, LAS VEGAS, NV 89119-4593
Ownership since
2018
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
Mar 29, 2018
$12,165,000
Rainbow Express Center LLC
Passco Eastwind Owner LLC
Grant Deed
$8,758,000 · Miscellaneous Ins Co
Oct 17, 2012
$4,644,320
Passco Eastwind Owner LLC
Passco Diversified II Eastwind
Grant Deed
related
—
Sep 3, 2004
$5,269,000
Passco Eastwind Center LLC
Phd Commercial
Trustees Deed
$8,450,000 · Greenwich Capital Fin'l INC
Sep 3, 2004
$14,236,320
Tic Eastwind 1 LLC
Passco Eastwind Center LLC
Grant Deed
—
Sep 3, 2004
$7,114,000
Passco Eastwind Center LLC
Windmill Properties LLC
Grant Deed
related
—
Jul 6, 2004
—
Windmill Properties LLC
Eastwind Center LLC
Quit Claim Deed
related
—
—
—
Passco Eastwind Owner LLC
—
Deed Of Trust
related
$7,250,000 · Cantor Commercial Real Estate
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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