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Property profile & analytics
OFF-MARKET
Estimated value
$21,940,000
Theaters & concert halls
3780 Las Vegas S Blvd Las Vegas, NV 89158-9309
Individually Owned
3-yr Hold
Free & Clear
Property ID
US62-0719499
Property profile
Verified
Property type
Theaters & concert halls
Use group
AUDITORIUM
Year built
2015
Construction
STEEL FRAME
Total area
620,598 SF
Lot
16.74 ac (729,194 SF)
APN
162-20-810-003
UPID
US62-0719499
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
-
WOOD Floor Repair Las Vegas Inc Construction Company General Contractor
-
Rock and Roll Las Vegas Half Marathon Hotel & Motel Resort
-
All American Exotic Car Rental Las Vegas Car Rental Facility
-
¡That'Tho3!'s Mr.MovementInTheMusic Theater & Performing Art Venue Nightclub
-
City National Bank ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$21.94M
Owner & transaction history
State Of Nevada · 3 yrs held
State Of Nevada
since 2023
6 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
THEATER (MOVIE)
$22,880,000
Current use
Blend value · Realmo final
$21.94M
Range $19.75M – $24.13M · ±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
$35 / 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
$2,984,170
Tax year 2023
Assessed value
$159,752,724
Assessed 2024
Previous assessed
$149,970,470
+6.5% YoY
Effective rate
1.87%
On assessed value
Assessed land
$29,860,494
Assessed improvement
$129,892,230
Land market value
$85,315,697
Improvement market value
$371,120,657
Total market value
$456,436,354
Applied tax rate
470.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Theaters & concert halls
Use group
AUDITORIUM
Status
Off-Market
Year built
2015
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
AC.CHILLED WATER
Buildings
2
Stories
5
Total area
620,598 SF
Lot
16.74 ac (729,194 SF)
APN
162-20-810-003
UPID
US62-0719499
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
THEATER (MOVIE) Current
Est. value
$22.9M
THEATER (MOVIE) Current
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
2015
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
Yes
Stories
5
Buildings
2
Lot
16.74 ac
Current owner
From public records · entity-resolved
State Of Nevada
Individual
Free & Clear · 3 yrs held
Mailing address
1263 S STEWART ST, CARSON CITY, NV 89712-0001
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 3, 2023
—
State Of Nevada
Arena Land Holdings LLC
Deed
—
Aug 22, 2018
—
Black Knight Sports & Entertai
—
Loan Modification
related
$210,000,000 · Citibank
Mar 1, 2017
—
Black Knight Sports & Entertai
—
Grant Deed
related
$150,000,000 · Citibank
Sep 26, 2014
—
Park District Holdings LLC
Victoria Partners
Quit Claim Deed
related
—
Jul 25, 2014
—
Victoria Partners
New York-new York Tower LLC
Quit Claim Deed
related
—
—
—
Las Vegas Arena Owner LLC
—
Deed Of Trust
related
$170,000,000 · Bank Of America
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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