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Property profile & analytics
OFF-MARKET
Estimated value
$56,455,000
Casinos
3555 Las Vegas S Blvd Las Vegas, NV 89109-8901
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US62-0506611
Property profile
Verified
Property type
Casinos
Use group
CASINO
Year built
1977
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
617,646 SF
Lot
19.37 ac (843,757 SF)
APN
162-16-412-004
UPID
US62-0506611
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
-
Sky Shop at the High Roller (Bike/Boat/Book/etc) Store
-
Bugsy's Cabaret Showroom Nightclub Theater & Performing Art Venue
-
Weddings at Flamingo Las Vegas Wedding Service
-
Paradise Falls Chapel at Flamingo Las Vegas Wedding Service Church
-
Flamingo Monorail Station Monorail Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$56.46M
Owner & transaction history
Corner Investment Company LLC · 1 yrs held
Corner Investment Company LLC
since 2024
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
CASINO
$73,415,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$72,485,000
Change: -1% · Conversion: Difficult
AUTO REPAIR, GARAGE
$69,375,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$56.46M
Range $50.81M – $62.10M · ±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
$91 / 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
$4,268,060
Tax year 2023
Assessed value
$177,453,365
Assessed 2024
Previous assessed
$162,129,333
+9.5% YoY
Effective rate
2.41%
On assessed value
Assessed land
$55,784,227
Assessed improvement
$121,669,138
Land market value
$159,383,506
Improvement market value
$347,626,109
Total market value
$507,009,615
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
Casinos
Use group
CASINO
Status
Off-Market
Year built
1977
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Cooling
AC.CHILLED WATER
Buildings
12
Stories
3
Units
3268
Total area
617,646 SF
Lot
19.37 ac (843,757 SF)
APN
162-16-412-004
UPID
US62-0506611
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
Alternative use value scenarios
Repositioning upside vs current use
CASINO Current
Est. value
$73.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$72.5M
AUTO REPAIR, GARAGE
Est. value
$69.4M
CASINO Current
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1977
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Cooling
Yes
Stories
3
Buildings
12
Units
3268
Lot
19.37 ac
Current owner
From public records · entity-resolved
Corner Investment Company LLC
Entity
Mailing address
PO BOX 543185, DALLAS, TX 75354-3185
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
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
Nov 25, 2024
—
Corner Investment Company LLC
—
Deed
related
$238,000,000 · Us Bank NA
Feb 12, 2021
—
Flamingo Las Vegas Operating Compan
—
Deed
related
$841,900,000 · Us Bank NA
Oct 10, 2019
—
Las Vegas Monorail Co
—
Grant Deed
related
$33,615,000 · Umb Bk
Jul 15, 2019
—
Las Vegas Monorail Co
—
Deed
related
$100,000 · Preston Hollow Cap LLC
May 21, 2018
—
Corner Investment Co LLC
—
Grant Deed
related
$855,000,000 · Credit Suisse Ag Cayman Iss Br
—
—
Flamingo Las Vegas Operating
—
Deed Of Trust
related
—
—
—
Flamingo Las Vegas Operating
—
Deed Of Trust
related
$1,150,000,000 · Us Bank NA
—
—
Las Vegas Monorail Co
—
Deed Of Trust
related
$100,000 · Preston Hollow Cap 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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