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Property profile & analytics
OFF-MARKET
Estimated value
$1,600,000
Casinos
1 Fremont St Las Vegas, NV 89101-5601
Entity Owned
Free & Clear
Property ID
US62-0573942
Property profile
Verified
Property type
Casinos
Use group
CASINO
Year built
1935
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
85,992 SF
Lot
1.32 ac (57,499 SF)
APN
139-34-101-012
UPID
US62-0573942
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
-
Circa Sportsbook Betting Agency Casino
-
OneBar Bar & Pub
-
Coin Cloud Bitcoin ATM Crypto Atm Currency Exchange Service
-
Bar Prohibition! Bar & Pub
-
Golden Gate Hotel & Casino Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.60M
Owner & transaction history
Desert Rock Golden Gate LLC
Desert Rock Golden Gate LLC
since 2026
4 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
$19 / 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
$77,061
Tax year 2023
Assessed value
$3,481,733
Assessed 2024
Previous assessed
$3,262,351
+6.7% YoY
Effective rate
2.21%
On assessed value
Assessed land
$1,853,833
Assessed improvement
$1,627,900
Land market value
$5,296,666
Improvement market value
$4,651,143
Total market value
$9,947,809
Applied tax rate
203.0000
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
Casinos
Use group
CASINO
Status
Off-Market
Year built
1935
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Cooling
AC.CHILLED WATER
Stories
4
Units
107
Total area
85,992 SF
Lot
1.32 ac (57,499 SF)
APN
139-34-101-012
UPID
US62-0573942
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
1935
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Cooling
Yes
Stories
4
Units
107
Lot
1.32 ac
Current owner
From public records · entity-resolved
Desert Rock Golden Gate LLC
Entity
Free & Clear · 0 yrs held
Mailing address
1 FREMONT ST, LAS VEGAS, NV 89101-5601
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 24, 2026
—
Desert Rock Golden Gate LLC
Drock 3 Street LLC
Bargain & Sale Deed
—
Oct 21, 2025
$19,000,000
Drock 3rd Street LLC
Sal Sagev Hotel Co INC
Bargain & Sale Deed
—
Oct 1, 2021
—
Golden Gate Casino LLC
—
Deed
related
$420,000,000 · Western Alliance Bank
Aug 13, 2019
—
Golden Gate Casino LLC
—
Grant Deed
related
$450,000,000 · Credit Suisse Ag
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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