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Property profile & analytics
OFF-MARKET
Estimated value
$19,255,000
Hotels
2121 Casino Dr Laughlin, NV 89029-1519
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US62-0386802
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1993
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
526,866 SF
Lot
27.78 ac (1,210,097 SF)
APN
264-13-301-003
UPID
US62-0386802
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
-
Essentials (Bike/Boat/Book/etc) Store
-
The Brew Brothers Restaurant
-
Poolside Café Restaurant
-
William Hill Sportsbook Hotel & Motel Resort
-
Port of Subs Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$19.26M
Owner & transaction history
Tropicana Entertainment INC · 2 yrs held
Tropicana Entertainment INC
since 2023
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
$37 / 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
$758,618
Tax year 2023
Assessed value
$42,254,382
Assessed 2024
Previous assessed
$37,828,960
+11.7% YoY
Effective rate
1.80%
On assessed value
Assessed land
$1,524,722
Assessed improvement
$40,729,660
Land market value
$4,356,349
Improvement market value
$116,370,457
Total market value
$120,726,806
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
1993
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Cooling
AC.CHILLED WATER
Buildings
5
Stories
22
Units
1522
Total area
526,866 SF
Lot
27.78 ac (1,210,097 SF)
APN
264-13-301-003
UPID
US62-0386802
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
1993
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Cooling
Yes
Stories
22
Buildings
5
Units
1522
Lot
27.78 ac
Current owner
From public records · entity-resolved
Tropicana Entertainment INC
Entity
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 20, 2023
—
Tropicana Entertainment INC
Glp Capital LP
Lease
—
Aug 1, 2023
—
Tropicana Entertainment INC
—
Deed
related
$750,000,000 · Us Bank NA
Feb 12, 2021
—
Tropicana Entertainment INC
—
Deed
related
$458,500,000 · Us Bank NA
Nov 1, 2018
—
Tropicana Entertainment INC
—
Grant Deed
related
—
Oct 2, 2018
$98,299,775
Glp Capital LP
Tropicana Laughlin LLC
Grant Deed
related
—
Mar 10, 2010
—
Tropicana Express LLC
—
Deed Of Trust
related
$150,000,000 · Icahn Agency Services LLC
Jan 5, 2007
—
Ramada Express INC
—
Deed Of Trust
related
$1,710,000,000 · Credit Suisse
May 3, 1999
—
Clark County Cu
Maday Trust
Grant Deed
related
—
Dec 20, 1989
$60,073,170
Ramada Express INC
Unknown
Grant Deed
—
—
—
Tropicana Express LLC
—
Deed Of Trust
related
$315,000,000 · Credit Suisse Ag
—
—
Tropicana Express LLC
—
Deed Of Trust
related
$175,000 · Ubs Ag Stamford Branch
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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