Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2311 Casino Dr Laughlin, NV 89029-1534

    • Strip malls
    • 11,225 SF
    • 0.62 lot acres
    OFF-MARKET
    Last Sale
    Aug 11, 2023
    $2,600,000
    Value Estimations
    $2,370,000
    Show details
    Cap Rate Potential
    6.8%
    Strip malls
    Location Intelligence
    Property ID
    US62-0469826
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Minato Japanese & Korean Restaurant / Japanese Restaurant / Asian Restaurant
    • Ghani Muhammad S MD / Doctor
    • Hospitality Staffing Solutions / Employment Agency
    • Dr. Stephen Vann / Dentist
    • Dr. Minyong Pak / Dentist / Practitioner Service Location

    Property Details for 2311 Casino Dr

    Year built
    1987
    Construction
    CONCRETE
    Lot size
    0.62 lot acres
    Property size
    11,225 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    264-13-801-007
    APU
    26413801007

    Description

    This exceptional retail storefront opportunity is located at 2311 S Casino Dr, Laughlin, NV 89029. The property, built in 1989, is a single-tenant space within a larger 31,004 square foot retail strip center. Currently, 3,000 square feet of space is available for lease, offering flexibility for various retail concepts. The building boasts two stories and includes an elevator for convenient access. Ample parking is provided, with a ratio of 4.23 spaces per 1,000 square feet. The property benefits from its prime location in Laughlin's Gaming District, along the Colorado River valley, and enjoys excellent frontage and high daily traffic counts on South Casino Drive. The surrounding area includes established businesses, including The Hideout, a long-standing and popular local sports bar. The property is zoned C-2 (General Commercial), offering a wide range of permitted uses. The APN is 264-13-801-007. Lease rates are negotiable. This is an ideal location for businesses seeking high visibility and access to a significant customer base in a thriving tourist destination. Don't miss this chance to establish your business in a vibrant and well-established commercial area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,340,000
      ML approach
      $2,310,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,660,000
      6.5%
      $2,455,000
      7%
      $2,280,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Laughlin
    County
    Clark
    State
    Nevada
    Longitude
    -114.575
    Latitude
    35.1552
    CBSA code
    29820
    CBSA name
    LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $19,289
    $62,386
    $606,159
    $668,545
    -
    $178,246
    $1,731,883
    $1,910,129

    Comparable in this City

    • Value Estimation
      $240,000
      0.28 Acres

      1901 Casino Dr

      SHOPPING CENTER, STRIP CENTER • 0.28 Acres
      1901 Casino Dr, Laughlin, NV 89029
      View Details
    • Value Estimation
      $590,000
      39,010 SF

      3100 Needles Hwy

      SHOPPING CENTER, STRIP CENTER • 39,010 SF
      3100 Needles Hwy, Laughlin, NV 89029-0814
      View Details
    • Value Estimation
      $220,000
      0.51 Acres

      1955 Casino Dr

      SHOPPING CENTER, STRIP CENTER • 0.51 Acres
      1955 Casino Dr, Laughlin, NV 89029-1560
      View Details
    • Value Estimation
      $480,000
      8,320 SF

      2845 Needles Hwy

      WHOLESALE OUTLET, DISCOUNT STORE • 8,320 SF
      2845 Needles Hwy, Laughlin, NV 89029-1290
      View Details
    • Value Estimation
      $735,000
      330,977 SF

      1955 Casino Dr

      MINI-MALL • 330,977 SF
      1955 Casino Dr, Laughlin, NV 89029-1560
      View Details
    • Value Estimation
      $235,000
      0.01 Acres

      Laughlin, NV 89029

      RETAIL STORES (PERSONAL SERVICES) • 0.01 Acres
      Laughlin, NV 89029
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      256,741 SF

      Laughlin Outlet Center Investment

      Prime Laughlin retail, value-add opportunity.
      1955 Casino Dr, Laughlin, NV 89029
      View Details
    • $6,300,000
      256,741 SF

      Laughlin Casino Area Retail Center

      Retail center with exposure to casinos and covered parking.
      1955 S Casino Dr, Laughlin, NV 89029
      View Details
    • $15,000,000

      Laughlin Resort Commercial Land

      11+/- acres of commercial land near casinos and resorts.
      Casino D Dr, Laughlin, NV 89029
      View Details
    • $124,900
      0.35 Acres

      Laughlin Estates Buildable Lot

      Buildable lot in Laughlin Estates with utilities available.
      3634 Bayview Dr, Laughlin, NV 89029
      View Details
    • $68,000
      0.30 Acres

      Laughlin Land For Sale

      Residential land in Laughlin Estates, close to casinos and Colorado River.
      2195 Bayview Loop Dr, Laughlin, NV 89029
      View Details
    • $950,000
      19.40 Acres

      Laughlin Riverfront Land Opportunity

      19.4 acres with river access, approved for boat dock.
      3700 Casino Dr, Laughlin, NV 89029
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2311 Casino Dr
    Laughlin, NV 89029-1534
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.