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Property profile & analytics
OFF-MARKET
Estimated value
$995,000
Parking lots & garages
3400 Las Vegas S Blvd Las Vegas, NV 89109-8923
Entity Owned
3-yr Hold
Free & Clear
Property ID
US62-0568899
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Year built
1994
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
395,355 SF
Lot
4.63 ac (201,683 SF)
APN
162-16-214-002
UPID
US62-0568899
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
-
FedEx Office Print & Ship Center Courier Service Postal Service
-
Dolphin Shop (Bike/Boat/Book/etc) Store
-
The Beatles LOVE by Cirque du Soleil Resort
-
Blizz Cafe & Coffee Shop Take-out & Catering
-
Dolphin Bar Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$950k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.04M
Blend (final)
Blend
$995k
Owner & transaction history
Mirage Propco LLC · 3 yrs held
Mirage Propco LLC
since 2022
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
$950,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$995k
Range $896k – $1.09M · ±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
$3 / 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
$270,327
Tax year 2023
Assessed value
$16,627,020
Assessed 2024
Previous assessed
$15,519,504
+7.1% YoY
Effective rate
1.63%
On assessed value
Assessed land
$11,054,245
Assessed improvement
$5,572,775
Land market value
$31,583,557
Improvement market value
$15,922,214
Total market value
$47,505,771
Applied tax rate
470.0000
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
1994
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
4
Total area
395,355 SF
Lot
4.63 ac (201,683 SF)
APN
162-16-214-002
UPID
US62-0568899
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
1994
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
4
Lot
4.63 ac
Current owner
From public records · entity-resolved
Mirage Propco LLC
Entity
Free & Clear · 3 yrs held
Mailing address
535 MADISON AVE, NEW YORK, NY 10022-4214
Ownership since
2022
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
Dec 20, 2022
—
Mirage Propco LLC
Mgp Lessor LLC
Bargain And Sale Deed
—
Jul 27, 2018
—
Mgp Lessor LLC
—
Loan Modification
related
—
Apr 25, 2018
—
Treasure Island LLC
—
Loan Modification
related
$200,000,000 · Bank Of America
Apr 20, 2016
—
Mir Resort Propco LLC
Mirage Casino Hotel
Grant Deed
related
—
Dec 20, 2012
—
Mirage Casino-hotel
—
Deed Of Trust
related
$3,350,000 · Bank Of America
—
—
Treasure Island LLC
—
Loan Modification
related
$189,320 · Bank Of America
—
—
Treasure Island LLC
—
Deed Of Trust
related
$212,000 · Bank Of America
—
—
Mir Rfesort Propco LLC
—
Deed Of Trust
related
$450,000,000 · Bank Of America
—
—
Mirage Casino-hotel
—
Deed Of Trust
related
—
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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