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Property profile & analytics
OFF-MARKET
Estimated value
$4,170,000
Parking lots & garages
3475 Las Vegas S Blvd Las Vegas, NV 89109-8922
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US62-0362401
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Year built
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
636,937 SF
Lot
17.87 ac (778,417 SF)
APN
162-16-312-002
UPID
US62-0362401
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
-
Jackpot Store (Bike/Boat/Book/etc) Store
-
Toby's Stuff Gift Shop (Bike/Boat/Book/etc) Store
-
Noodle Bar Restaurant
-
Starbucks Harrah's Las Vegas Casino Floor Entrance Restaurant
-
Harrah's Caesars Race & Sportsbook Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.17M
Owner & transaction history
Claudine Propco LLC · 8 yrs held
Claudine Propco LLC
since 2017
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
$7 / 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
$4,475,897
Tax year 2023
Assessed value
$188,979,525
Assessed 2024
Previous assessed
$171,350,088
+10.3% YoY
Effective rate
2.37%
On assessed value
Assessed land
$52,987,380
Assessed improvement
$135,992,145
Land market value
$151,392,514
Improvement market value
$388,548,986
Total market value
$539,941,500
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
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Buildings
12
Stories
7
Units
2559
Total area
636,937 SF
Lot
17.87 ac (778,417 SF)
APN
162-16-312-002
UPID
US62-0362401
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
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
7
Buildings
12
Units
2559
Lot
17.87 ac
Current owner
From public records · entity-resolved
Claudine Propco LLC
Entity
Mailing address
535 MADISON AVE, NEW YORK, NY 10022-4214
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
23 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 2, 2022
—
Pioneer Opco LLC
—
Deed
related
$120,000,000 · Las Vegas Sands Corp
Feb 28, 2022
—
Pioneer Opco LLC
—
Deed
related
$120,000,000 · Las Vegas Sands Corp
Nov 4, 2021
—
Nava 2019 2j Industrial Owner LLC
—
Deed
related
$49,000,000 · The Lincoln National Life Insurance Co
Feb 12, 2021
—
Harrahs Las Vegas LLC
—
Deed
related
$841,900,000 · Us Bank NA
Oct 10, 2019
—
Las Vegas Monorail Co
—
Grant Deed
related
$33,615,000 · Umb Bk
Sep 12, 2019
—
Claudine Propco LLC
—
Deed
related
—
Jul 15, 2019
—
Las Vegas Monorail Co
—
Deed
related
$100,000 · Preston Hollow Cap LLC
Jul 3, 2018
—
Dpif Nv 1 Living Blvd LLC
—
Deed
related
$24,100,000 · Wells Fargo Bk
May 21, 2018
—
Harrahs Las Vegas LLC
—
Deed
related
—
Feb 20, 2018
—
Claudine Propco LLC
—
Grant Deed
related
$766,891,864 · Umb Bk
Dec 22, 2017
—
Claudine Propco LLC
Harrah S Las Vegas LLC
Bargain And Sale Deed
$4,000,000 · Goldman Sachs Bank USA
Aug 10, 2011
—
Harrahs Las Vegas Propco LLC
Harrahs Las Vegas Propco LLC
Quit Claim Deed
related
—
Jul 19, 2010
—
Norris & Sons INC
Norris,adriannie M
Quit Claim Deed
related
—
Jan 28, 2008
—
Harrahs Las Vegas INC
Harrahs Operating Co INC
Quit Claim Deed
—
Aug 17, 2005
$13,000
Athanasios Stratigakis
Fralof,nina
Grant Deed
related
—
Aug 1, 2005
—
Paula A Peacock
Peacock Gene H Trust
Quit Claim Deed
related
—
Jul 3, 1995
—
Harrahs Club
Embassy Suites INC
Grant Deed
related
—
Apr 13, 1995
$3,148,000
Harrahs Club
Howard Hughes Properties LP
Grant Deed
—
—
—
Harrahs Las Vegas LLC
—
Deed Of Trust
related
$1,150,000,000 · Us Bank NA
—
—
Harrahs Las Vegas LLC
—
Deed Of Trust
related
—
—
—
Las Vegas Monorail Co
—
Deed Of Trust
related
$100,000 · Preston Hollow Cap LLC
—
—
Claudine Propco LLC
—
Loan Modification
related
—
—
—
Harrahs Las Vegas LLC
—
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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