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Property profile & analytics
OFF-MARKET
Estimated value
$2,615,000
Parking lots & garages
2535 Las Vegas S Blvd Las Vegas, NV 89109-1137
Entity Owned
8-yr Hold
Free & Clear
Property ID
US62-0981906
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Year built
1997
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
546,476 SF
Lot
17.47 ac (760,993 SF)
APN
162-09-502-001
UPID
US62-0981906
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
-
CASBAR Lounge Bar & Pub Nightclub
-
The Alexandria Tower at SAHARA Las Vegas Hotel & Motel
-
Prendi Cafe & Coffee Shop
-
Starbucks Cafe & Coffee Shop
-
Diplomat Exotic Rentals Car Rental Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.62M
Owner & transaction history
Lv-pcps LLC · 8 yrs held
Lv-pcps LLC
since 2018
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 Las Vegas submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Las Vegas 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
$5 / 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
$1,065,523
Tax year 2023
Assessed value
$67,093,417
Assessed 2024
Previous assessed
$72,882,194
-7.9% YoY
Effective rate
1.59%
On assessed value
Assessed land
$42,381,222
Assessed improvement
$24,712,195
Land market value
$121,089,206
Improvement market value
$70,606,271
Total market value
$191,695,477
Applied tax rate
411.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
1997
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Cooling
AC.CHILLED WATER
Buildings
10
Stories
6
Units
1720
Total area
546,476 SF
Lot
17.47 ac (760,993 SF)
APN
162-09-502-001
UPID
US62-0981906
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
1997
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Cooling
Yes
Stories
6
Buildings
10
Units
1720
Lot
17.47 ac
Current owner
From public records · entity-resolved
Lv-pcps LLC
Entity
Free & Clear · 8 yrs held
Mailing address
2535 LAS VEGAS BLVD S, LAS VEGAS, NV 89109-1137
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
26 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 14, 2025
—
Lv Pcps LLC
—
Deed
related
$900,000,000 · Wells Fargo Bank NA
Aug 1, 2023
—
Lv Pcps LLC
—
Deed
related
$98,500,000 · Western Alliance Bank
Nov 5, 2021
—
Lv Pcps LLC
—
Deed
related
$1,000 · Western Alliance Bank
Apr 4, 2018
$190,000,000
Lv-pcps LLC
Las Vegas Resort Holdings LLC
Grant Deed
—
Apr 4, 2018
—
Las Vegas Resort Holdings Ll
—
Loan Modification
related
$200,000,000 · Sls Lender LLC
Dec 27, 2017
—
Las Vegas Resort Holdings LLC
—
Loan Modification
related
$30,000,000 · Mesa West Lv Sa LLC
Oct 10, 2017
—
Las Vegas Resort Holdings LLC
—
Deed
related
$2,000,000 · Mesa West Lv Sa LLC
Sep 17, 2014
—
Stockbridge Of Sbe Holdings LLC
—
Grant Deed
related
$97,500,000 · Jp Morgan Chase Bk
May 1, 2013
—
Stockbridge Of Sbe Holdings LLC
—
Trustees Deed
related
—
Feb 14, 2013
—
Stockbridge Of Sbe Holdings LLC
—
Grant Deed
related
$450,000,000 · Keycorp R E Capital Marketing
Aug 1, 2007
$331,800,000
Stockbridge/sbe Holdings LLC
Gordon Gaming Corp
Bargain And Sale Deed
$240,000,000 · Greenwich Capital Financial Product
Oct 1, 2001
$9,000
Rogge Trust
Clyne,richie
Grant Deed
—
Sep 27, 2001
$16,000
Mes A Spear
Clyne,richie
Grant Deed
—
Aug 6, 2001
$9,000
Rogge Trust
Clyne,richie
Grant Deed
—
Jul 26, 2001
$30,000
Casey Trust
Clyne,richie
Grant Deed
—
Dec 8, 2000
$37,000
Brizending,george
Clyne,richie
Trustees Deed
—
Dec 8, 2000
$18,500
Turley,craig L
Clyne,richie
Trustees Deed
—
Sep 26, 2000
—
Clark County (nv)
Gordon Gaming Corp
Grant Deed
related
—
Apr 24, 1997
—
Clark County (nv)
Gordon Gaming Corp
Grant Deed
related
—
Oct 2, 1995
$900,000
Gordon Gaming Corp
Sahara Las Vegas Corp
Grant Deed
—
—
—
Stockbridge Of Sbe Holdings LLC
—
Deed Of Trust
related
—
—
—
Stockbridge Of Sbe Holdings LLC
—
Deed Of Trust
related
$240,000,000 · Jefferies Loancore LLC
—
—
Las Vegas Resort Holdings LLC
—
Deed Of Trust
related
$2,000,000 · Mesa West Lv Sa LLC
—
—
Stockbridge Of Sbe Holdings LLC
—
Deed Of Trust
related
$240,000,000 · Jefferies Loancore LLC
—
—
Stockbridge Of Sbe Holdings LLC
—
Deed Of Trust
related
$185,000,000 · Mesa West Lv Sa LLC
—
—
Stockbridge Of Sbe Loancore LLC
—
Deed Of Trust
related
$45,000,000 · Jefferies Loancore LLC
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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