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Property profile & analytics
OFF-MARKET
Estimated value
$645,490,000
Parking lots & garages
2300 Casino Dr Laughlin, NV 89029-1520
Entity Owned
8-yr Hold
Absentee Owner
Free & Clear
Property ID
US62-0373213
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Year built
1992
Construction
FRAME
Total area
572,679 SF
Lot
7.57 ac (329,749 SF)
APN
264-13-801-005
UPID
US62-0373213
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
-
Gold Diggers Nightclub Nightclub DJ & Entertainment
-
Parking Parking Lot & Garage
-
Golden Nugget Laughlin Hotel & Casino Hotel & Motel Resort
-
Golden Nugget Laughlin Hotel & Motel
-
Rush lounge Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$655.68M
Blend (final)
Blend
$645.49M
Owner & transaction history
Gnl Corp · 8 yrs held
Gnl Corp
since 2017
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$547.0M
+2.4%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
PARKING LOT
$534,075,000
Current use
COMMERCIAL (GENERAL)
$546,995,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$645.49M
Range $580.94M – $710.04M · ±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
$1,127 / 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
$438,982
Tax year 2023
Assessed value
$14,490,694
Assessed 2024
Previous assessed
$13,110,543
+10.5% YoY
Effective rate
3.03%
On assessed value
Assessed land
$707,607
Assessed improvement
$13,783,087
Land market value
$2,021,734
Improvement market value
$39,380,249
Total market value
$41,401,983
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
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Status
Off-Market
Year built
1992
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
8
Stories
8
Units
305
Rooms
5
Bathrooms
6
Total area
572,679 SF
Lot
7.57 ac (329,749 SF)
APN
264-13-801-005
UPID
US62-0373213
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
Alternative use value scenarios
Repositioning upside vs current use
PARKING LOT Current
Est. value
$534.1M
COMMERCIAL (GENERAL)
Est. value
$547.0M
PARKING LOT Current
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1992
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
8
Buildings
8
Units
305
Rooms
5
Bathrooms
6
Lot
7.57 ac
Current owner
From public records · entity-resolved
Gnl Corp
Entity
Free & Clear · 8 yrs held
Mailing address
1510 WW LOOP S, HOUSTON, TX 77027-9505
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 28, 2022
—
Gnl LLC
—
Deed
related
$1,000,000 · Deutsche Bank Trust Co Americas
May 8, 2020
—
Gnl LLC
—
Deed
related
$600,000,000 · Landrys Fertitta LLC
Mar 6, 2020
—
Gnl LLC
—
Deed
related
—
Feb 20, 2018
—
Gnl Corp
—
Grant Deed
related
—
Oct 3, 2017
—
Gnl Corp
Lge INC
Quit Claim Deed
related
—
Sep 26, 2017
—
Lge INC
Gnl Corp
Quit Claim Deed
related
—
Jan 23, 2004
—
Gnl INC
—
Deed Of Trust
related
$35,000,000 · Wells Fargo Foothill INC Ttee
Feb 15, 2002
—
Gnl Corp
—
Grant Deed
related
$2,000,000 · Us Bank NA
—
—
Gnl Corp
—
Deed Of Trust
related
$350,000 · Jefferies Fin
—
—
Gnl Corp
—
Loan Modification
related
—
—
—
Gnl LLC
—
Deed Of Trust
related
$600,000,000 · Landrys Fertitta LLC
—
—
Gnl LLC
—
Loan Modification
related
—
—
—
Gnl INC
—
Deed Of Trust
related
$300,000 · Wells Fargo Bank
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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