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Property profile & analytics
OFF-MARKET
Estimated value
$910,000
Casinos
15 Hwy 50 Stateline, NV 89449-9818
Entity Owned
8-yr Hold
Free & Clear
Property ID
US62-0900908
Property profile
Verified
Property type
Casinos
Use group
CASINO
Year built
1972
Total area
1,094,712 SF
Lot
21.35 ac (930,006 SF)
APN
1318-27-002-005
UPID
US62-0900908
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
$910k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$910k
Owner & transaction history
Harrahs Lake Tahoe LLC · 8 yrs held
Harrahs Lake Tahoe LLC
since 2017
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 Stateline submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Stateline 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
by Request
ML approach
$910,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$910k
Range $819k – $1.00M · ±10%
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
$1 / 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
$867,753
Tax year 2024
Assessed value
$37,259,527
Assessed 2024
Previous assessed
$35,762,564
+4.2% YoY
Effective rate
2.33%
On assessed value
Assessed land
$6,510,000
Assessed improvement
$30,749,527
Land market value
$18,600,000
Improvement market value
$87,855,791
Total market value
$106,455,791
Applied tax rate
225.0000
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
1972
Heating
NONE
Stories
19
Total area
1,094,712 SF
Lot
21.35 ac (930,006 SF)
APN
1318-27-002-005
UPID
US62-0900908
Jurisdiction
DOUGLAS
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
1972
Heating
NONE
Stories
19
Lot
21.35 ac
Current owner
From public records · entity-resolved
Harrahs Lake Tahoe LLC
Entity
Free & Clear · 8 yrs held
Mailing address
535 MADISON AVE, NEW YORK, NY 10022-4214
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
18 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 25, 2024
—
Harveys Tahoe Management Company Ll
—
Deed
related
$238,000,000 · Us Bank NA
Feb 12, 2021
—
Harveys Tahoe Management Comapny Ll
—
Deed
related
$841,900,000 · Us Bank NA
Sep 16, 2019
—
Harrahs Lake Tahoe LLC
—
Deed
related
—
Apr 9, 2018
—
Harveys Tahoe Mgmt Co LLC
—
Grant Deed
related
—
Apr 6, 2018
—
Harrahs Lake Tahoe LLC
—
Grant Deed
related
$766,891,864 · Umb Bk
Oct 12, 2017
—
Harrahs Lake Tahoe LLC
Harveys Tahoe Mgmt Co LLC
Grant Deed
related
—
Jun 28, 2010
—
Ss Management LLC
Eagle Falls Domestic N Trust
Grant Deed
—
May 25, 2010
—
Eagle Falls Domestic Non Gr Trust
Ss Management LLC
Grant Deed
—
Feb 26, 2010
$5,225,000
Ss Management LLC
Harveys Tahoe Mgmt Co INC
Grant Deed
$2,600,000 · Bluth Trust (pt)
Jun 17, 2009
—
Harveys Tahoe Mgmt Co INC
—
Deed Of Trust
related
—
Apr 16, 2009
—
Harveys Tahoe Mgmt Co INC
—
Deed Of Trust
related
$6,500,000 · Us Bank NA
Dec 30, 2008
—
Harveys Tahoe Mgmt Co INC
—
Deed Of Trust
related
$2,100,000,000 · Us Bank NA
Jun 20, 2008
—
Harveys Tahoe Mgmt Co INC
—
Deed Of Trust
related
—
May 22, 2008
—
Tahoe Mezz 7 LLC
Tahoe Mezz 6 LLC
Quit Claim Deed
—
Jan 28, 2008
—
Tahoe Propco LLC
Harveys Tahoe Mgmt Co INC
Quit Claim Deed
—
Jul 3, 1995
—
Harrah's Club
Embassy Suites INC
Grant Deed
related
—
—
—
Harrahs Lake Tahoe LLC
—
Deed Of Trust
related
—
—
—
Harveys Tahoe Mgmt Co INC
—
Loan Modification
related
—
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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