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Property profile & analytics
OFF-MARKET
Estimated value
$41,010,000
Hotels
301 Fremont St Las Vegas, NV 89101-5600
Entity Owned
24-yr Hold
Free & Clear
Property ID
US62-0325083
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
322,106 SF
Lot
0.33 ac (14,375 SF)
APN
139-34-610-006
UPID
US62-0325083
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
-
Manneken Pis Resort
-
Vue Bar Bar & Pub
-
LONGBAR Bar & Pub
-
American Coney Island Las Vegas Restaurant
-
BarCanada Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$38.13M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$41.01M
Owner & transaction history
Barden Nevada Gaming LLC · 24 yrs held
Barden Nevada Gaming LLC
since 2001
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$41,310,000
6.5%
$38,130,000
7%
$35,410,000
Blend value · Realmo final
$41.01M
Range $36.91M – $45.11M · ±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
$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
$62,476
Tax year 2023
Assessed value
$14,723,613
Assessed 2024
Previous assessed
$13,313,154
+10.6% YoY
Effective rate
0.42%
On assessed value
Assessed land
$578,594
Assessed improvement
$14,145,019
Land market value
$1,653,126
Improvement market value
$40,414,340
Total market value
$42,067,466
Applied tax rate
203.0000
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Cooling
AC.CHILLED WATER
Buildings
3
Stories
31
Units
652
Total area
322,106 SF
Lot
0.33 ac (14,375 SF)
APN
139-34-610-006
UPID
US62-0325083
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
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Cooling
Yes
Stories
31
Buildings
3
Units
652
Lot
0.33 ac
Current owner
From public records · entity-resolved
Barden Nevada Gaming LLC
Entity
Free & Clear · 24 yrs held
Mailing address
301 FREMONT ST #7600, LAS VEGAS, NV 89101-5600
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2001
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 12, 2025
—
Circa Hospitality Group II LLC
—
Deed
related
$290,000,000 · Western Alliance Bank
Oct 1, 2021
—
Drock Gaming LLC
—
Deed
related
$420,000,000 · Western Alliance Bank
Aug 13, 2019
—
Drock Gaming LLC
—
Grant Deed
related
$450,000,000 · Credit Suisse Ag
Aug 12, 2019
—
Drock Gaming LLC
—
Grant Deed
related
$450,000,000 · Credit Suisse Ag
Nov 19, 2007
—
Barden Nevada Gaming LLC
—
Deed Of Trust
related
$200,000,000 · Credit Suisse Management LLC
Dec 10, 2001
—
Barden Nevada Gaming LLC
Fitzgeralds Las Vegas INC
Grant Deed
—
—
—
Barden Nevada Gaming LLC
—
Deed Of Trust
related
$128,000 · Citizens Financial Bank
—
—
Barden Nv Gaming LLC
—
Deed Of Trust
related
$128,000 · Citizens Financial 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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