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Property profile & analytics
OFF-MARKET
Estimated value
$25,250,000
Casinos
1325 Wendover Blvd West Wendover, NV 89883
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US62-0919070
Property profile
Verified
Property type
Casinos
Use group
CASINO
Year built
1998
Total area
62,328 SF
Lot
11 ac (479,160 SF)
Zoning code
C-3
APN
010-740-144
UPID
US62-0919070
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$25.25M
Owner & transaction history
Ag Park Place Investments 1 LLC 2 · 4 yrs held
Ag Park Place Investments 1 LLC 2
since 2021
Last sale
$24.4M
7 recorded transactions
Zoning & alternative use
C-3 · West Wendover, NV
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 West Wendover submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West Wendover 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
$27,030,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$25.25M
Range $22.73M – $27.78M · ±10% · vs last sale $24.36M (Sep 14 2021)
Last sale anchor
$24.36M
Sep 14 2021
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
$405 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$213,608
Tax year 2024
Assessed value
$5,851,855
Assessed 2024
Previous assessed
$5,851,855
+0.0% YoY
Effective rate
3.65%
On assessed value
Assessed land
$432,740
Assessed improvement
$5,419,115
Land market value
$1,236,400
Improvement market value
$15,483,186
Total market value
$16,719,586
Applied tax rate
23.0000
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
1998
Heating
NONE
Buildings
5
Stories
1
Units
5
Total area
62,328 SF
Lot
11 ac (479,160 SF)
Zoning code
C-3
APN
010-740-144
UPID
US62-0919070
Jurisdiction
ELKO
Zoning & alternative use
C-3 · West Wendover, NV
Zoning C-3 · permitted uses
C-3 · West Wendover, NV
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
West Wendover. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1998
Heating
NONE
Stories
1
Buildings
5
Units
5
Lot
11 ac
Current owner
From public records · entity-resolved
Ag Park Place Investments 1 LLC 2
Entity
Free & Clear · 4 yrs held
Mailing address
245 PARK AVE FL #26, NEW YORK, NY 10167-2699
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 1, 2022
—
Maverick Z Casinos LLC
—
Deed
related
—
Jan 27, 2022
—
Ag Park Place Investments 1 Lllc
—
Deed
related
$46,000,000 · Western Alliance Bank
Sep 14, 2021
$24,361,500
Ag Park Place Investments 1 LLC 2
Maverick Wendover LLC
Bargain And Sale Deed
—
May 13, 2020
—
Maverick Wendover LLC
—
Deed
related
$800,000,000 · Ankura Tr Co LLC
Mar 26, 2020
—
Maverick Wendover LLC
—
Deed
related
$800,000,000 · Ankura Tr Co LLC
Mar 29, 2019
—
Maverick Wendover LLC
Maverick Wendover LLC
Quit Claim Deed
related
$52,500,000 · Ankura Trust Co LLC
Dec 12, 2017
$35,985,500
Wendover Gaming LLC
G2010 LLC
Trustees Deed
$39,055,000 · Chatham Asset Management LLC
Jun 19, 2017
—
G2010 LLC
G2010 LLC
Quit Claim Deed
related
—
—
—
Maverick Wendover LLC
—
Deed Of Trust
related
$800,000,000 · Ankura Tr Co LLC
—
—
Maverick Wendover LLC
—
Loan Modification
related
$800,000,000 · Ankura Tr Co LLC
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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