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Property profile & analytics
OFF-MARKET
Estimated value
$16,005,000
Warehouses
3340 Rainbow Blvd Las Vegas, NV 89108-5001
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US62-0400739
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2020
Construction
STEEL FRAME
Total area
87,200 SF
Lot
2.86 ac (124,582 SF)
APN
138-11-401-001
UPID
US62-0400739
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
-
Beyond Self Storage Storage Facility
-
Public Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$11.04M
CAP Approach
CAP
$13.55M
Comparable Approach
Comparable
$21.86M
Blend (final)
Blend
$16.01M
Owner & transaction history
Ps Mountain West LLC · 5 yrs held
Ps Mountain West LLC
since 2021
Last sale
$16.0M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$26.4M
+62.5%
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
$18,470,000
ML approach
$11,035,000
CAP Approach
CAP Return
Estimation
6%
$14,680,000
6.5%
$13,550,000
7%
$12,585,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$16,255,000
Current use
OFFICE BUILDING
$26,405,000
Change: +62% · Conversion: Difficult
Blend value · Realmo final
$16.01M
Range $14.40M – $17.61M · ±10% · vs last sale $16.00M (Jan 26 2021)
Last sale anchor
$16.00M
Jan 26 2021
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
$184 / 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
$116,980
Tax year 2023
Assessed value
$4,471,981
Assessed 2024
Previous assessed
$4,075,440
+9.7% YoY
Effective rate
2.62%
On assessed value
Assessed land
$327,028
Assessed improvement
$4,144,953
Land market value
$934,366
Improvement market value
$11,842,723
Total market value
$12,777,089
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2020
Construction
STEEL FRAME
Heating
HEAT PUMP
Cooling
NONE
Stories
2
Total area
87,200 SF
Lot
2.86 ac (124,582 SF)
APN
138-11-401-001
UPID
US62-0400739
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
WAREHOUSE, STORAGE Current
Est. value
$16.3M
OFFICE BUILDING
Est. value
$26.4M
WAREHOUSE, STORAGE Current
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
2020
Construction
STEEL FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
2
Lot
2.86 ac
Current owner
From public records · entity-resolved
Ps Mountain West LLC
Entity
Mailing address
701 WESTERN AVE, GLENDALE, CA 91201-2349
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 26, 2021
$16,000,000
Ps Mountain West LLC
Bss N Rainbow Blvd LLC
Grant Deed
—
Jul 22, 2020
—
Bss North Rainbow Boulevard LLC
—
Deed
related
$8,548,190 · Crossfirst Bank
Oct 30, 2019
—
City Of Las Vegas
Bss N Rainbow Blvd LLC
Grant Deed
related
—
Jun 14, 2019
$885,000
Bss N Rainbow Blvd LLC
Omni Fam LP
Grant Deed
—
Jul 26, 2006
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
Dec 12, 2005
—
Omni Family
Star Trust
Quit Claim Deed
related
—
Mar 23, 2005
$850,000
Star Trust
Quality Homes Corp
Grant Deed
—
Mar 4, 2003
—
Quality Home Corp
Matrix Construction Consulting
Quit Claim Deed
related
—
Dec 19, 2001
$375,000
Matrix Construction Consulting
Schroeder Trust
Grant Deed
$150,000 · Builders Capital Group INC
—
—
Edward B Lovett
—
Deed Of Trust
related
$500,000 · Koch Trust
—
—
Richard E Schroeder
—
Deed Of Trust
related
$60,000 · Vegas View Financial Of Nv INC
—
—
Quality Homes Corp
—
Deed Of Trust
related
$425,600 · E T L Trust
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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