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Property profile & analytics
OFF-MARKET
Estimated value
$52,445,000
Casinos
3645 Las Vegas S Blvd Las Vegas, NV 89109-4321
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US62-0467266
Property profile
Verified
Property type
Casinos
Use group
CASINO
Year built
1973
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
809,716 SF
Lot
29.96 ac (1,305,058 SF)
APN
162-21-102-009
UPID
US62-0467266
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
-
Pascanoush Gifts (Bike/Boat/Book/etc) Store
-
CVS Photo (Bike/Boat/Book/etc) Store
-
Race & Sports Vip Lounge Bar & Pub Nightclub
-
Tony N' Tina's Wedding Restaurant Theater & Performing Art Venue
-
Jubilee! Theater & Performing Art Venue
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$52.45M
Owner & transaction history
Jgb Vegas Realty LLC · 2 yrs held
Jgb Vegas Realty LLC
since 2023
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
$65 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$4,223,749
Tax year 2022
Assessed value
$164,895,827
Assessed 2023
Previous assessed
$164,895,827
+0.0% YoY
Effective rate
2.56%
On assessed value
Assessed land
$83,739,699
Assessed improvement
$81,156,128
Land market value
$239,256,283
Improvement market value
$231,874,651
Total market value
$471,130,934
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
1973
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Cooling
AC.CHILLED WATER
Buildings
22
Stories
3
Units
2813
Total area
809,716 SF
Lot
29.96 ac (1,305,058 SF)
APN
162-21-102-009
UPID
US62-0467266
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
1973
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Cooling
Yes
Stories
3
Buildings
22
Units
2813
Lot
29.96 ac
Current owner
From public records · entity-resolved
Jgb Vegas Realty LLC
Entity
Mailing address
200 PARK AVE, NEW YORK, NY 10166-0005
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 25, 2024
—
Parball Newco LLC
—
Deed
related
$238,000,000 · Us Bank NA
Nov 20, 2023
—
Jgb Vegas Realty LLC
Parball Newco LLC
Lease
—
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
—
Parball Newco LLC
—
Grant Deed
related
—
Sep 5, 2017
—
Parball Newco LLC
—
Loan Modification
related
$1,467,687,500 · Credit Suisse Ag Cayman Iss Br
Jun 19, 2014
—
Parball Newco LLC
—
Grant Deed
related
$1,325,000,000 · Credit Suisse Ag Cayman Iss Br
May 5, 2014
—
Parball Parent LLC
Parball Corp
Quit Claim Deed
related
—
Jun 21, 2013
—
Parball Corp
—
Loan Modification
related
—
Jun 17, 2009
—
Parball Corp
—
Deed Of Trust
related
—
Apr 17, 2009
—
Parball Corp
—
Deed Of Trust
related
—
Jan 30, 2008
—
Parball Corp
—
Deed Of Trust
related
—
—
—
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.
Try Rey
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