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Property profile & analytics
FOR LEASE
Strip malls
4122 S Rainbow Blvd Las Vegas, NV 89103
Individually Owned
12-yr Hold
~
Est. High Equity
Property ID
US62-0465588
For Lease
1 / 3
$6,390,000
4122 S Rainbow Blvd, Las Vegas, NV 89103
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1979
Construction
FRAME
Total area
28,697 SF
Lot
3.31 ac (144,184 SF)
APN
163-23-111-001
UPID
US62-0465588
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
-
Boost Mobile Mobile Phone Store Electronics & Wireless Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.39M
Owner & transaction history
Spring Valley Town Center Las Vegas · 12 yrs held
Spring Valley Town Center Las Vegas
since 2014
6 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
$223 / 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
$40,653
Tax year 2023
Assessed value
$1,552,139
Assessed 2024
Previous assessed
$1,397,224
+11.1% YoY
Effective rate
2.62%
On assessed value
Assessed land
$744,350
Assessed improvement
$807,789
Land market value
$2,126,714
Improvement market value
$2,307,969
Total market value
$4,434,683
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
1979
Construction
FRAME
Heating
HEAT PUMP
Buildings
2
Stories
1
Total area
28,697 SF
Lot
3.31 ac (144,184 SF)
APN
163-23-111-001
UPID
US62-0465588
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
1979
Construction
FRAME
Heating
HEAT PUMP
Stories
1
Buildings
2
Lot
3.31 ac
Current owner
From public records · entity-resolved
Spring Valley Town Center Las Vegas
Individual
Mailing address
270 COMMERCE DR, ROCHESTER, NY 14623-3506
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 10, 2024
—
Spring Valley Town Ctr Las Vegas Nv
—
Deed
related
$7,800,000 · Morgan Stanley Bank NA
Apr 8, 2014
$11,500,000
Spring Valley Town Center Las Vegas
Us Bank National Assn
Bargain And Sale Deed
$862,500 · Rialto Mortgage Finance LLC
Mar 24, 2003
$10,750,000
Spring Valley Shopping Ctr LP
Xlot,tr
Grant Deed
—
Mar 11, 2003
—
Zlot,tr
Spring Valley Town Center LLC
Grant Deed
related
—
Mar 7, 1997
—
Spring Valley Town Center LLC
Sudberry-pardee/lv #1 Ltd
Quit Claim Deed
related
$4,110,000 · Column Financial INC
Dec 31, 1996
$5,480,000
Spring Valley Town Center LLC
Sudberry-pardee/lv #1 Ltd
Quit Claim Deed
related
$4,110,000 · Seller
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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