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Property profile & analytics
OFF-MARKET
Strip malls

1955 Casino Dr Laughlin, NV 89029-1560

0.51 ac lot
Individually Owned 11-yr Hold Free & Clear
Property ID
US62-0518666
Property summary
AI-generated overview

This two-story, 256,741-square-foot shopping center, located at 1955 S Casino Dr, Laughlin, NV 89029, presents a significant value-add opportunity. Situated on 10.79 acres in Clark County, this multi-tenant property boasts prominent exposure to ten casinos and 3,100 hotel rooms within walking distance. Built in 1996, the center features Commercial Resort (CR) zoning and offers covered parking. Currently at 33.39% occupancy, this NNN-leased property presents a chance to capitalize on the upside potential through lease-up of available spaces. The property benefits from its location in Laughlin's gaming and entertainment district, with main street visibility and signage. The recent opening of a new $60 million bridge connecting Bullhead City and Laughlin further enhances its accessibility and appeal. The property's APN is 264-13-201-003, 264-13-601-003, and 264-13-601-004. This is a rare chance to acquire a well-positioned asset at below-replacement cost in a thriving tourist destination, one hour south of Las Vegas. The property's previous tenants included notable names such as Family Dollar, Burke's Outlet, and Stadium 9 Cinemas.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Lot 0.51 ac (22,216 SF)
APN 264-13-601-004
UPID US62-0518666
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
  • Queen's Nails Nail Salon
  • Laughlin walk-in care Community Center
  • rue21 Men'S Clothing Store Women'S Clothing Store
  • Claire's Tattoo & Piercing Shop
  • A2Z International Inc (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Priceless Outlets Of Las Vegas · 11 yrs held
Priceless Outlets Of Las Vegas
since 2014
7 recorded transactions
2014
$5.3M
2012
Price N/A
2011
Price N/A
2006
Price N/A
2002
Price N/A
2002
Price N/A
2002
$2.5M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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