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Property profile & analytics
OFF-MARKET
Estimated value
$43,940,000
Casinos
2880 Las Vegas S Blvd Las Vegas, NV 89109-1138
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US62-0006412
Property profile
Verified
Property type
Casinos
Use group
CASINO
Year built
1968
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
743,208 SF
Lot
24.44 ac (1,064,606 SF)
APN
162-09-212-001
UPID
US62-0006412
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
-
Auto Car Key Replacement Team LLC Production Facility
-
Circus Kids Arcade & Gaming Center
-
Inverter Tour Operator
-
Avis Car Rental Car Rental Facility
-
Magic Body Art Tattoo & Piercing Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$43.94M
Owner & transaction history
Circus Circus Living LLC · 6 yrs held
Circus Circus Living LLC
since 2019
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
$59 / 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
$717,542
Tax year 2023
Assessed value
$137,876,232
Assessed 2024
Previous assessed
$93,580,369
+47.3% YoY
Effective rate
0.52%
On assessed value
Assessed land
$45,100,969
Assessed improvement
$92,775,263
Land market value
$128,859,911
Improvement market value
$265,072,180
Total market value
$393,932,091
Applied tax rate
410.0000
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
Casinos
Use group
CASINO
Status
Off-Market
Year built
1968
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Buildings
8
Stories
15
Total area
743,208 SF
Lot
24.44 ac (1,064,606 SF)
APN
162-09-212-001
UPID
US62-0006412
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
1968
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
15
Buildings
8
Lot
24.44 ac
Current owner
From public records · entity-resolved
Circus Circus Living LLC
Entity
Mailing address
3300 LAS VEGAS BLVD S, LAS VEGAS, NV 89109-8916
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 21, 2021
—
Fgb Big Top LLC
—
Deed
related
$6,500,000 · Bank Of George
Dec 20, 2019
—
Circus Circus Living LLC
Circus Circus Living LLC
Quit Claim Deed
related
$350,000,000 · Clmg Corp
Apr 29, 2009
—
Circus Circus Casinos INC
—
Grant Deed
related
$500,000,000 · Bank Of America
—
—
Circus Circus Casinos INC
—
Loan Modification
related
$300,000 · Bank Of America
—
—
Mandalay Resort Group
—
Loan Modification
related
$300,000 · Bank Of America
—
—
Circus Circus Casinos INC
—
Loan Modification
related
—
—
—
Mandalay Resort Group
—
Loan Modification
related
—
—
—
Circus Circus Casinos INC
—
Loan Modification
related
$300,000 · Bank Of America
—
—
Mandalay Resort Group
—
Loan Modification
related
$300,000 · Bank Of America
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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