Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$43,645,000
Casinos
3667 Las Vegas S Blvd Las Vegas, NV 89109-4331
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US62-0507224
Property profile
Verified
Property type
Casinos
Use group
CASINO
Year built
2000
Construction
FRAME
Total area
386,887 SF
Lot
10.47 ac (456,073 SF)
APN
162-21-210-005
UPID
US62-0507224
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
-
Criss Angel Theater Theater & Performing Art Venue
-
Art of Music (Bike/Boat/Book/etc) Store
-
FedEx Office Print & Ship Center Courier Service Postal Service
-
Oversized Vehicle Parking - Miracle Mile Shops Parking Lot & Garage
-
Extra Lounge Bar & Pub Nightclub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$43.65M
Owner & transaction history
Phwlv LLC · 12 yrs held
Phwlv LLC
since 2013
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
$45,985,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$45,405,000
Change: -1% · Conversion: Difficult
AUTO REPAIR, GARAGE
$43,455,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$43.65M
Range $39.28M – $48.01M · ±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
$113 / 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
$2,820,090
Tax year 2023
Assessed value
$287,001,401
Assessed 2024
Previous assessed
$264,095,625
+8.7% YoY
Effective rate
0.98%
On assessed value
Assessed land
$30,193,173
Assessed improvement
$256,808,228
Land market value
$86,266,209
Improvement market value
$733,737,794
Total market value
$820,004,003
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
2000
Construction
FRAME
Heating
HOT WATER
Cooling
AC.CHILLED WATER
Buildings
8
Stories
2
Units
2567
Total area
386,887 SF
Lot
10.47 ac (456,073 SF)
APN
162-21-210-005
UPID
US62-0507224
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
$46.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$45.4M
AUTO REPAIR, GARAGE
Est. value
$43.5M
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
2000
Construction
FRAME
Heating
HOT WATER
Cooling
Yes
Stories
2
Buildings
8
Units
2567
Lot
10.47 ac
Current owner
From public records · entity-resolved
Phwlv LLC
Entity
Mailing address
1 CAESARS PALACE DR, LAS VEGAS, NV 89109-8969
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2013
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
May 21, 2018
—
Phwlv LLC
—
Grant Deed
related
—
Sep 5, 2017
—
Phwlv LLC
—
Loan Modification
related
$1,467,687,500 · Credit Suisse Ag Cayman Iss Br
Jun 19, 2014
—
Phwlv LLC
—
Grant Deed
related
$675,000,000 · Us Bk
Oct 21, 2013
—
Phwlv LLC
Phw Las Vegas LLC
Quit Claim Deed
related
$554,340,000 · Wells Fargo Bank 2007-tfl2 (ce
Feb 18, 2010
—
Phw Las Vegas LLC
Ph Fee Owner LLC
Grant Deed
$820,000,000 · First Boston Series 2007-tfls
Dec 11, 2006
—
Ph Mezz II LLC
Mezzco LLC
Quit Claim Deed
—
Sep 1, 2004
—
Opbiz LLC
Aladdin Gaming LLC
Grant Deed
$510,000,000 · Bank Of New York
—
—
Imi Miracle Mall LLC
—
Deed Of Trust
related
$580,000,000 · Comm 2013-ccre12 Trust (ct)
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 3667 Las Vegas S Blvd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
