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Property profile & analytics
OFF-MARKET
Estimated value
$29,555,000
Hotels
1900 Casino Dr Laughlin, NV 89029-1513
Entity Owned
~
Est. High Equity
Property ID
US62-0149901
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1990
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
931,077 SF
Lot
17.2 ac (749,232 SF)
APN
264-13-601-001
UPID
US62-0149901
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
-
Fitness Center Gym & Fitness Center
-
Subway Take-out & Catering
-
McDonald's Restaurant Take-out & Catering
-
Laughlin River Tours Travel Agency Tour Operator
-
Duet Coffee & Wine Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$29.56M
Owner & transaction history
Aquarius Propco LLC
Aquarius Propco LLC
since 2026
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 Laughlin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Laughlin 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
$32 / 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
$1,429,976
Tax year 2023
Assessed value
$65,162,301
Assessed 2024
Previous assessed
$57,853,118
+12.6% YoY
Effective rate
2.19%
On assessed value
Assessed land
$1,376,721
Assessed improvement
$63,785,580
Land market value
$3,933,489
Improvement market value
$182,244,514
Total market value
$186,178,003
Applied tax rate
107.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1990
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Cooling
AC.CHILLED WATER
Buildings
4
Stories
15
Units
2006
Total area
931,077 SF
Lot
17.2 ac (749,232 SF)
APN
264-13-601-001
UPID
US62-0149901
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
1990
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Cooling
Yes
Stories
15
Buildings
4
Units
2006
Lot
17.2 ac
Current owner
From public records · entity-resolved
Aquarius Propco LLC
Entity
Mailing address
6595 S JONES BLVD, LAS VEGAS, NV 89118-3337
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 28, 2026
—
Aquarius Propco LLC
Aquarius Gaming LLC
Bargain & Sale Deed
related
—
Jan 31, 2018
—
Aquarius Gaming LLC
—
Grant Deed
related
$400,000,000 · Credit Suisse Ag Cayman Iss Br
Oct 25, 2017
—
Aquarius Gaming LLC
Aquarius Gaming LLC
Quit Claim Deed
related
—
Nov 1, 2016
—
W2007 Stratosphere Propco
—
Deed
related
—
Aug 18, 2009
—
W2007 Stratosphere Propco
—
Deed Of Trust
related
$395,000,000 · Bank Of Ny Mellon
Mar 5, 2008
—
W2007 Aquarius Propco LLC
Aquarius Gaming LLC
Quit Claim Deed
—
May 19, 2006
$105,615,000
Arep Laughlin Corp
Flamingo Laughlin INC
Bargain And Sale Deed
—
—
—
W2007 Stratosphere Propco
—
Loan Modification
related
—
—
—
W2007 Stratosphere Propco
—
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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