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Property profile & analytics
OFF-MARKET
Medical Office Space
5815 Rainbow Blvd Las Vegas, NV 89118-2553
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US62-0535394
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2020
Construction
FRAME
Total area
20,316 SF
Lot
1.85 ac (80,586 SF)
APN
163-34-501-018
UPID
US62-0535394
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
-
Dr. Hassan Osman Physician Medical Clinic
-
Hannah Tiu Physician Medical Clinic
-
Jeffrey Ryu Physician Medical Clinic
-
Neda Hashemi Physician Medical Clinic
-
Dr. Trang Nguyen-Le Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Smbc Leasing And Finance INC · 4 yrs held
Smbc Leasing And Finance INC
since 2022
Last sale
$13.3M
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$46,331
Tax year 2023
Assessed value
$1,568,216
Assessed 2024
Previous assessed
$1,442,311
+8.7% YoY
Effective rate
2.95%
On assessed value
Assessed land
$493,589
Assessed improvement
$1,074,627
Land market value
$1,410,254
Improvement market value
$3,070,363
Total market value
$4,480,617
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2020
Construction
FRAME
Heating
YES
Stories
1
Total area
20,316 SF
Lot
1.85 ac (80,586 SF)
APN
163-34-501-018
UPID
US62-0535394
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
2020
Construction
FRAME
Heating
YES
Stories
1
Lot
1.85 ac
Current owner
From public records · entity-resolved
Smbc Leasing And Finance INC
Entity
Mailing address
277 PARK AVE FL #6, NEW YORK, NY 10172-0601
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 29, 2022
$13,250,000
Smbc Leasing And Finance INC
Valley M O B LLC
Bargain And Sale Deed
$13,330,000 · Smbc Leasing And Finance INC
Aug 1, 2019
—
Valley M O B LLC
—
Trustees Deed
related
$5,578,123 · Meadows Bk
Oct 19, 2018
$1,425,000
Valley M O B LLC
Rainbow Quail LLC
Grant Deed
—
Nov 12, 2014
$740,000
Rainbow Quail LLC
Phoenix Corp
Grant Deed
$50,000 · Fieldman B & A Trust (pt)
Mar 30, 2004
—
Clark County (nv)
Phoenix Corp
Grant Deed
related
—
Jul 22, 1988
$112,000
Phoenix Corp
Unknown
Grant Deed
—
—
—
Valley M O B LLC
—
Deed Of Trust
related
$5,578,123 · Meadows Bk
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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