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Property profile & analytics
OFF-MARKET
Estimated value
$2,855,000
Day care centers
3220 Rainbow Blvd Las Vegas, NV 89108-5011
Entity Owned
Free & Clear
Property ID
US62-0219432
Property profile
Verified
Property type
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Year built
1997
Construction
FRAME
Total area
11,083 SF
Lot
1.01 ac (43,996 SF)
APN
138-11-405-004
UPID
US62-0219432
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
-
Creative Kids - Rainbow Daycare Center
-
Sunrise Children's Foundation Daycare Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.13M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.89M
Blend (final)
Blend
$2.86M
Owner & transaction history
Mdc Coast 26 LLC
Mdc Coast 26 LLC
since 2025
Last sale
$2.5M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$4.1M
+27.2%
Office building
$3.4M
+3.0%
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
$3,180,000
ML approach
$3,125,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE
$3,260,000
Current use
RETAIL STORES
$4,145,000
Change: +27% · Conversion: Difficult
OFFICE BUILDING
$3,355,000
Change: +3% · Conversion: Difficult
Blend value · Realmo final
$2.86M
Range $2.57M – $3.14M · ±10% · vs last sale $2.54M (Dec 29 2025)
Last sale anchor
$2.54M
Dec 29 2025
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
$258 / 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
$20,239
Tax year 2023
Assessed value
$679,249
Assessed 2024
Previous assessed
$617,656
+10.0% YoY
Effective rate
2.98%
On assessed value
Assessed land
$184,783
Assessed improvement
$494,466
Land market value
$527,951
Improvement market value
$1,412,760
Total market value
$1,940,711
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
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Status
Off-Market
Year built
1997
Construction
FRAME
Heating
HEAT PUMP
Stories
1
Total area
11,083 SF
Lot
1.01 ac (43,996 SF)
APN
138-11-405-004
UPID
US62-0219432
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
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE Current
Est. value
$3.3M
RETAIL STORES
Est. value
$4.1M
OFFICE BUILDING
Est. value
$3.4M
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE Current
RETAIL STORES
OFFICE BUILDING
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
1997
Construction
FRAME
Heating
HEAT PUMP
Stories
1
Lot
1.01 ac
Current owner
From public records · entity-resolved
Mdc Coast 26 LLC
Entity
Free & Clear · 0 yrs held
Mailing address
11995 EL CAMINO REAL, SAN DIEGO, CA 92130-2539
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 29, 2025
$2,538,461
Mdc Coast 26 LLC
Mdc Coast 26 LLC
Special Warranty Deed
—
Jan 11, 2022
$3,263,996
Mdc Coast 26 LLC
Brauvin Net Investments LLC
Bargain And Sale Deed
—
Jan 30, 2017
$2,043,173
Brauvin Net Investments LLC
Sandcastle Ents Series LLC Rai
Grant Deed
—
Sep 4, 2007
—
Sandcastle Ents Series LLC
Sandcastle Ents LLC
Quit Claim Deed
—
Jul 18, 2001
—
Sandcastle Enterprises INC
—
Deed Of Trust
related
$1,065,000 · Wells Fargo Bank West NA
—
—
Sandcastle Ents Series LLC
—
Deed Of Trust
related
$1,000,000 · Bank Of America
—
—
Sandcastle Ents Series LLC Rai
—
Deed Of Trust
related
$5,300 · Bank Of America
—
—
Sandcastle Ents Series LLC Rai
—
Deed Of Trust
related
$1,120,000 · Bank Of America
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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