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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    5650 Rainbow Blvd Las Vegas, NV 89118-1808

    • Assisted living facilities
    • 92,868 SF
    • 4.39 lot acres
    OFF-MARKET
    Last Sale
    Nov 03, 2021
    $27,000,000
    Value Estimations
    $29,085,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US62-0793147
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Transitional Care Of Las Vegas / Rehabilitation Center / Nursing Home
    • Amir Aftab / Internist
    • ISRAEL TRACEY MEISTER / Marriage Or Relationship Counselor
    • FAROOQ MUNIR SHAIKH / Infectious Disease Physician
    • Sandstone Spring Valley / Nursing Home / Rehabilitation Center

    Property Details for 5650 Rainbow Blvd

    Year built
    2015
    Construction
    FRAME
    Lot size
    4.39 lot acres
    Property size
    92,868 SF
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    163-26-413-004
    APU
    16326413004

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $31,170,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $31,170,000
      Market price range: $13.6M - $31.2M

    • Alternative Use

      Use
      Estimation
      HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
      $23,330,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $40,315,000
      Change: +73% Conversion: Difficult
      RETAIL STORES
      $34,720,000
      Change: +49% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $29,545,000
      Change: +27% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.241
    Latitude
    36.0861
    CBSA code
    29820
    CBSA name
    LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $229,013
    $1,171,272
    $7,505,785
    $8,677,057
    -
    $3,346,491
    $21,445,100
    $24,791,591

    Comparable in this City

    • Value Estimation by Request
      7,614 SF

      5530 Jones Blvd

      HOMES (RETIRED, NURSING) • 7,614 SF
      5530 Jones Blvd, Las Vegas, NV 89118-0566
      View Details
    • Value Estimation
      $1,525,000
      30,926 SF

      6070 Post Rd

      HOMES (RETIRED, NURSING) • 30,926 SF
      6070 Post Rd, Las Vegas, NV 89118-3419
      View Details
    • Value Estimation
      $1,055,000
      28,087 SF

      5840 Sunset Rd

      HOMES (RETIRED, NURSING) • 28,087 SF
      5840 Sunset Rd, Las Vegas, NV 89118-3449
      View Details
    • Value Estimation
      $1,235,000
      58,896 SF

      6180 Jones Blvd

      HOMES (RETIRED, NURSING) • 58,896 SF
      6180 Jones Blvd, Las Vegas, NV 89118-3344
      View Details
    • Value Estimation
      $545,000
      10,439 SF

      6330 Jones Blvd

      HOMES (RETIRED, NURSING) • 10,439 SF
      6330 Jones Blvd, Las Vegas, NV 89118-3302
      View Details
    • Value Estimation by Request
      20,316 SF

      5815 Rainbow Blvd

      MEDICAL BUILDING • 20,316 SF
      5815 Rainbow Blvd, Las Vegas, NV 89118-2553
      View Details

    Similar Nearby for Sale

    • $1,640,000
      4,000 SF

      Las Vegas Office Complex: 6 Units

      Luxury office buildings, prime location.
      5955 Jones Blvd, Las Vegas, NV 89118
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    • $3,199,500
      8,100 SF

      Las Vegas Office Complex

      New Medical/Office Building, Prime Location
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    • $269,500
      1,034 SF

      Desirable Guard Gated Community Unit

      Two bedroom, two bath unit in a guard gated community.
      5250 S Rainbow Blvd, Las Vegas, NV 89118
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    • $315,000
      0.46 Acres

      Residential Land in Gated Community

      Land for dream home in southwest Las Vegas gated community.
      Woodstock Ct, Las Vegas, NV 89118
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    • $279,000
      1,034 SF

      Income-Producing Condo with Attached Garage

      Two-bed, two-bath condo in guard-gated community near Las Vegas Strip.
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    • $274,888

      Las Vegas Condo in Gated Community

      Two-bedroom condo in a secure, well-maintained Las Vegas community.
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    Similar Nearby for Lease

    • $21 SF/Yr
      25,511 SF

      Reno Jones Medical Office Space

      1,819 SF Medical Office Suite Available
      5052 Jones Blvd, Las Vegas, NV 89118
      View Details
    • Contact for pricing

      Rainbow Square Retail Opportunity

      Retail spaces available across from Spring Valley Hospital on Rainbow Blvd.
      5447 South Rainbow Blvd, Las Vegas, NV 89118
      View Details
    • $24 SF/Yr
      45,438 SF

      Las Vegas Multi-Tenant Retail Center

      High-traffic retail center, excellent visibility
      5693 Jones Blvd, Las Vegas, NV 89118
      View Details
    • Contact for pricing
      39,475 SF

      Las Vegas Warehouse: 39,475 SF

      Industrial warehouse, 11.81 acres, available Feb 1, 2025.
      6065 Polaris Ave, Las Vegas, NV 89118
      View Details
    • $18 SF/Yr
      102,275 SF

      Ali Baba Commerce Center: Las Vegas

      High-quality flex industrial space in Southwest Las Vegas.
      4005 Reno Ave, Las Vegas, NV 89118
      View Details
    • $3 SF/Yr
      13,000 SF

      Prime Las Vegas Retail Space

      13,000 SF Available, Southwest Las Vegas
      5890 Rainbow Blvd, Spring Valley, NV 89118
      View Details
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    5650 Rainbow Blvd
    Las Vegas, NV 89118-1808
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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