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Property profile & analytics
OFF-MARKET
Estimated value
$23,245,000
Casinos
129 Fremont St Las Vegas, NV 89101-5603
Individually Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US62-0406390
Property profile
Verified
Property type
Casinos
Use group
CASINO
Year built
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
916,472 SF
Lot
5.77 ac (251,341 SF)
APN
139-34-210-032
UPID
US62-0406390
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
-
Troy Liquor Bar Nightclub DJ & Entertainment
-
Vic & Anthony's ice Cream Grocery & Convenience Store Specialty Food Shop
-
Business Center at The Golden Nugget Courier Service Postal Service
-
Business Center Solutions Inc Consultant
-
International Association For Property And Evidence Video Classes Association / Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$23.25M
Owner & transaction history
Robert Lord · 1 yrs held
Robert Lord
since 2024
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
$25 / 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
$2,729,106
Tax year 2023
Assessed value
$92,518,593
Assessed 2024
Previous assessed
$83,585,910
+10.7% YoY
Effective rate
2.95%
On assessed value
Assessed land
$6,695,183
Assessed improvement
$85,823,410
Land market value
$19,129,094
Improvement market value
$245,209,743
Total market value
$264,338,837
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
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Cooling
AC.CHILLED WATER
Buildings
8
Stories
21
Units
2052
Total area
916,472 SF
Lot
5.77 ac (251,341 SF)
APN
139-34-210-032
UPID
US62-0406390
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
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Cooling
Yes
Stories
21
Buildings
8
Units
2052
Lot
5.77 ac
Current owner
From public records · entity-resolved
Robert Lord
Individual
Free & Clear · 1 yrs held
Mailing address
1510 WW LOOP S, HOUSTON, TX 77027-9505
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 12, 2024
—
Robert Lord
Robert Lord
Deed
related
—
May 31, 2024
—
Gnlv LLC
—
Deed
related
—
Apr 11, 2024
—
Ryan Griffin
Ryan Griffin
Deed
related
—
Jun 28, 2022
—
Gnlv LLC
—
Deed
related
—
May 18, 2020
—
Gnlyv LLC
—
Grant Deed
related
$60,000,000 · Landrys Fertitta LLC
Mar 6, 2020
—
Gnlv LLC
—
Deed
related
—
Feb 27, 2020
—
Minest Family Trust
Clinton E Stay JR.
Quitclaim Deed
related
—
Feb 20, 2018
—
Gnlv Corp
—
Grant Deed
related
—
Jan 23, 2018
—
Lge INC
Gnlv Corp
Quit Claim Deed
related
—
Oct 3, 2017
—
Gnlv Corp
Lge INC
Quit Claim Deed
related
—
Sep 26, 2017
—
Lge INC
Gnlv Corp
Quit Claim Deed
related
—
Jan 23, 2004
—
Gnlv Corp
—
Deed Of Trust
related
$35,000,000 · Wells Fargo Foothill INC Ttee
Mar 5, 2002
—
Gnlv Corp
—
Grant Deed
related
—
—
—
Gnlv Corp
—
Deed Of Trust
related
$350,000 · Jefferies Finance LLC
—
—
Gnlv LLC
—
Loan Modification
related
—
—
—
Gnlyv LLC
—
Deed Of Trust
related
$60,000,000 · Landrys Fertitta LLC
—
—
Gnlv Corp
—
Deed Of Trust
related
$300,000 · Wells Fargo 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.
Try Rey
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