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Property profile & analytics
OFF-MARKET
Estimated value
$565,000
Office buildings
2655 Rainbow Blvd Las Vegas, NV 89146-4000
Entity Owned
12-yr Hold
Free & Clear
Property ID
US62-1274066
Property summary
AI-generated overview
Rainbow Plaza offers 8,595 square feet of immediately available executive and professional office space in a two-story building located in the Las Vegas submarket of Clark County. The property is zoned (C-P) Office and Professional, allowing for a variety of uses. Multiple tenancy is available, with spaces ranging from a minimum of 1,530 square feet to a maximum contiguous space of 4,250 square feet. The entire building is currently vacant, presenting a unique opportunity for a single tenant or multiple tenants seeking flexible space options. Building amenities include high visibility signage, covered and uncovered parking, and 24-hour building access. This prime location boasts high traffic counts of 51,338 vehicles per day on South Rainbow Boulevard, providing excellent visibility and accessibility. The property's proximity to numerous retail services, restaurants, and other amenities further enhances its appeal. This is an exceptional opportunity to establish a presence in a vibrant and convenient location within the Las Vegas business community. The building consists of one structure with a total of 8,595 square feet.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1993
Construction
FRAME
Total area
13,172 SF
Lot
1.06 ac (46,174 SF)
APN
163-10-512-001
UPID
US62-1274066
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
-
Eagle One Construction Construction Company
-
George Gekakis Inc Construction Company
-
Brannan James E DDS Dental Office
-
Evans & Rivera-Rogers Ltd Law Firm
-
Stardust Psychotherapy Crisis Center Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.33M
Comparable Approach
Comparable
$1.90M
Blend (final)
Blend
$565k
Owner & transaction history
Bh Rainbow Plaza LLC · 12 yrs held
Bh Rainbow Plaza LLC
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%
$3,605,000
6.5%
$3,325,000
7%
$3,090,000
Blend value · Realmo final
$565k
Range $509k – $622k · ±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
$43 / 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
$14,099
Tax year 2023
Assessed value
$602,707
Assessed 2024
Previous assessed
$557,421
+8.1% YoY
Effective rate
2.34%
On assessed value
Assessed land
$258,574
Assessed improvement
$344,133
Land market value
$738,783
Improvement market value
$983,237
Total market value
$1,722,020
Applied tax rate
417.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1993
Construction
FRAME
Heating
HEAT PUMP
Stories
1
Total area
13,172 SF
Lot
1.06 ac (46,174 SF)
APN
163-10-512-001
UPID
US62-1274066
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
1993
Construction
FRAME
Heating
HEAT PUMP
Stories
1
Lot
1.06 ac
Current owner
From public records · entity-resolved
Bh Rainbow Plaza LLC
Entity
Free & Clear · 12 yrs held
Mailing address
PO BOX 49993, LOS ANGELES, CA 90049-0993
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
24 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 1, 2014
—
Bh Rainbow Plaza LLC
—
Grant Deed
related
$135,000,000 · Wells Fargo Bk
Jun 9, 2014
$3,360,000
Bh Rainbow Plaza LLC
Bacm 2005-6 Office 2655 LLC
Grant Deed
—
Oct 3, 2013
$2,520,000
Bacm 2005-6 Office 2655 LLC
First American Title Ins
Trustees Deed
—
Dec 8, 2009
—
Radtke John L 2009 Trust
Radtke,john L
Quit Claim Deed
related
—
Dec 23, 2005
$60,675
Mecg-rainbow Plaza LLC
Mammoth Equities Rainbow Plz L
Grant Deed
—
Dec 22, 2005
$546,075
Merp-14 LLC
Mammoth Equities Rainbow Plz L
Grant Deed
—
Sep 30, 2005
$1,410,693
Merp-7 LLC
Mammoth Equities Rainbow Plz L
Grant Deed
—
Sep 30, 2005
$682,593
Merp-12 LLC
Mammoth Equities Rainbow Plz L
Grant Deed
—
Sep 30, 2005
$561,243
Merp-10 LLC
Mammoth Equities Rainbow Plz L
Grant Deed
—
Sep 30, 2005
$485,400
Merp-8 LLC
Mammoth Equities Rainbow Plz L
Grant Deed
—
Sep 30, 2005
$758,437
Merp-5 LLC
Mammoth Equities Rainbow Plz L
Grant Deed
—
Sep 30, 2005
$439,893
Merp 3 LLC
Mammoth Equities Rainbow Plz L
Grant Deed
—
Sep 30, 2005
$1,759,575
Merp-6 LLC
Mammoth Equities Rainbow Plz L
Grant Deed
—
Sep 30, 2005
$940,462
Merp-1 LLC
Mammoth Equities Rainbow Plz L
Grant Deed
—
Sep 30, 2005
$576,412
Merp-11 LLC
Mammoth Equities Rainbow Plz L
Grant Deed
—
Sep 30, 2005
$1,274,175
Merp-2 LLC
Mammoth Equities Rainbow Plz L
Grant Deed
—
Sep 30, 2005
$455,062
Merp-13 LLC
Mammoth Equities Rainbow Plz L
Grant Deed
—
Sep 30, 2005
$667,425
Merp-9 LLC
Mammoth Equities Rainbow Plz L
Grant Deed
—
Jul 11, 2005
$10,000,000
Equities Rainbow Plz L Mammoth
Bissett L A & N L Trust
Grant Deed
$6,600,000 · * Other Institutional Lenders
Jul 25, 2002
$9,000,000
Bissett Trust
Schnippel Trust
Grant Deed
$4,387,444 · Schnippel Trust
Jul 15, 2002
$719,620
Schnippel Trust
West Rainbow Land Co
Grant Deed
—
—
—
Bh Rainbow Plaza LLC
—
Loan Modification
related
$225,000,000 · Wells Fargo Bk
—
—
Bh Properties LLC
—
Deed Of Trust
related
$265,000,000 · Wells Fargo Bk
—
—
Bissett,tr
—
Deed Of Trust
related
$4,600,000 · Nationwide Life Insurance Co
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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