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Property profile & analytics
OFF-MARKET
Estimated value
$2,460,000
Strip malls
2311 Casino Dr Laughlin, NV 89029-1534
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US62-0469826
Property summary
AI-generated overview
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.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1987
Construction
CONCRETE
Total area
11,225 SF
Lot
0.62 ac (27,007 SF)
APN
264-13-801-007
UPID
US62-0469826
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
-
Minato Japanese & Korean Restaurant Restaurant
-
Ghani Muhammad S MD Physician
-
Hospitality Staffing Solutions Employment Agency
-
Dr. Stephen Vann Dental Office
-
Dr. Minyong Pak Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.31M
CAP Approach
CAP
$2.46M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.46M
Owner & transaction history
Samm Investments Nevada LLC · 2 yrs held
Samm Investments Nevada LLC
since 2023
Last sale
$2.6M
6 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
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
Blend value · Realmo final
$2.46M
Range $2.21M – $2.71M · ±10% · vs last sale $2.60M (Aug 11 2023)
Last sale anchor
$2.60M
Aug 11 2023
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
$219 / 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
$19,289
Tax year 2023
Assessed value
$668,545
Assessed 2024
Previous assessed
$598,787
+11.6% YoY
Effective rate
2.89%
On assessed value
Assessed land
$62,386
Assessed improvement
$606,159
Land market value
$178,246
Improvement market value
$1,731,883
Total market value
$1,910,129
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1987
Construction
CONCRETE
Heating
HEAT PUMP
Buildings
2
Stories
1
Total area
11,225 SF
Lot
0.62 ac (27,007 SF)
APN
264-13-801-007
UPID
US62-0469826
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
1987
Construction
CONCRETE
Heating
HEAT PUMP
Stories
1
Buildings
2
Lot
0.62 ac
Current owner
From public records · entity-resolved
Samm Investments Nevada LLC
Entity
Mailing address
80 WHITTINGTON DR, NEWCASTLE, CA 95658-9410
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 11, 2023
$2,600,000
Samm Investments Nevada LLC
The Nevada Group LLC
Bargain And Sale Deed
—
Jun 30, 2015
—
Nevada Group LLC
Nevada Group LLC
Quit Claim Deed
related
$2,400,000 · Wells Fargo Bk
Feb 12, 1996
—
Marks Plaza
Marks,barbara
Quit Claim Deed
related
—
Feb 12, 1996
$1,285,000
Nevada Group LLC
Plaza,marks
Trustees Deed
$653,749 · Seller
—
—
Nevada Group LLC
—
Loan Modification
related
—
—
—
Nevada Group LLC
—
Deed Of Trust
related
$2,600,000 · Key Bank NA
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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