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Property profile & analytics
OFF-MARKET
Estimated value
$5,000,000
Casinos
120 Market St Henderson, NV 89015-7366
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US62-0249419
Property profile
Verified
Property type
Casinos
Use group
CASINO
Year built
1942
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
14,856 SF
Lot
0.59 ac (25,700 SF)
APN
179-18-702-001
UPID
US62-0249419
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
-
Emerald Island Casino Hotel & Motel Resort
-
ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.00M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.00M
Owner & transaction history
Ecl Water Street LLC · 2 yrs held
Ecl Water Street LLC
since 2024
Last sale
$5.0M
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 Henderson submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Henderson 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
$5,000,000
ML approach
$5,000,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$5.00M
Range $4.50M – $5.50M · ±10% · vs last sale $5.00M (Jan 8 2024)
Last sale anchor
$5.00M
Jan 8 2024
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
$337 / 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
$9,032
Tax year 2023
Assessed value
$378,995
Assessed 2024
Previous assessed
$332,887
+13.9% YoY
Effective rate
2.38%
On assessed value
Assessed land
$107,940
Assessed improvement
$271,055
Land market value
$308,400
Improvement market value
$774,443
Total market value
$1,082,843
Applied tax rate
503.0000
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
1942
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Total area
14,856 SF
Lot
0.59 ac (25,700 SF)
APN
179-18-702-001
UPID
US62-0249419
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
1942
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Lot
0.59 ac
Current owner
From public records · entity-resolved
Ecl Water Street LLC
Entity
Mailing address
6360 S BUFFALO DR, LAS VEGAS, NV 89113-2133
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 8, 2024
—
Ecl Water Street LLC
Wt Landco LLC
Lease
—
Jan 8, 2024
$5,000,000
Wt Landco LLC
Boulder Highway Gaming LLC
Bargain And Sale Deed
$1,000,000 · Zb NA
Mar 23, 2004
$4,000,000
Boulder Highway Gaming LLC
Burbain INC
Grant Deed
—
Aug 6, 2002
$2,371,770
Burbain INC
Herb & Virginia LLC
Grant Deed
—
Sep 17, 2001
$350,000
Herb & Virginia LLC
Us Funding LLC
Grant Deed
—
Jun 28, 2000
—
U S Funding LLC
—
Deed Of Trust
related
$5,100,000 · Del Mar Mortgage INC
Jun 29, 1999
$2,500,000
Us Funding LLC
Richard E Thurmond LP
Grant Deed
related
$2,000,000 · Seller
—
—
Boulder Highway Gaming LLC
—
Loan Modification
related
$600,000 · Western Alliance Bk
—
—
Boulder Highway Gaming LLC
—
Loan Modification
related
$1,400,000 · Western Alliance Bk
—
—
U S Funding LLC
—
Deed Of Trust
related
$100,000 · Del Mar Mortgage INC
—
—
Boulder Highway Gaming LLC
—
Deed Of Trust
related
$5,500,000 · Nevada State Bank
—
—
Boulder Highway Gaming LLC
—
Deed Of Trust
related
$90,000 · Henderson City (nv)
—
—
Boulder Highway Gaming LLC
—
Deed Of Trust
related
$300,000 · Nevada State Bank
—
—
Boulder Highway Gaming LLC
—
Deed Of Trust
related
$675,000 · Nevada State Bank
—
—
Boulder Highway Gaming LLC
—
Deed Of Trust
related
$520,000 · Nevada State Bank
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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