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Property profile & analytics
OFF-MARKET
Estimated value
$1,150,000
Casinos
3800 Carson St Carson City, NV 89701-5554
Entity Owned
21-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US62-0360955
Property profile
Verified
Property type
Casinos
Use group
CASINO
Year built
1991
Total area
98,127 SF
Lot
7.46 ac (324,958 SF)
Zoning code
GC
APN
009-153-17
UPID
US62-0360955
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
-
Shinsen Sushi Restaurant
-
Palm Court Grill Restaurant
-
Casino Fandango Hotel & Motel Resort
-
William Hill Sportsbook Hotel & Motel Resort
-
Nevada Tea Festival (Bike/Boat/Book/etc) Store Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.15M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.15M
Owner & transaction history
Carson Gaming LLC · 21 yrs held
Carson Gaming LLC
since 2004
5 recorded transactions
Zoning & alternative use
GC · Carson City, NV
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 Carson City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Carson City 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
$1,150,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.15M
Range $1.04M – $1.27M · ±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
$12 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$237,942
Tax year 2024
Assessed value
$7,447,464
Assessed 2024
Previous assessed
$6,966,757
+6.9% YoY
Effective rate
3.19%
On assessed value
Assessed land
$1,404,859
Assessed improvement
$6,042,605
Land market value
$4,013,882
Improvement market value
$17,264,585
Total market value
$21,278,467
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
1991
Heating
NONE
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Total area
98,127 SF
Lot
7.46 ac (324,958 SF)
Zoning code
GC
APN
009-153-17
UPID
US62-0360955
Jurisdiction
CARSON CITY
Zoning & alternative use
GC · Carson City, NV
Zoning GC · permitted uses
GC · Carson City, NV
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Carson City. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1991
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Lot
7.46 ac
Current owner
From public records · entity-resolved
Carson Gaming LLC
Entity
Mailing address
11411 SOUTHERN HIGHLANDS PKWY STE #300, LAS VEGAS, NV 89141-3267
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 4, 2021
—
Carson Gaming LLC
—
Deed
related
$15,250,000 · Western Alliance Bank
Nov 16, 2017
—
Carson Gaming LLC
—
Grant Deed
related
$14,000,000 · Mutual/omaha Bk
Dec 2, 2008
—
Carson Gaming LLC
—
Deed Of Trust
related
$25,000,000 · Mutual Of Omaha Bank
Oct 20, 2004
$3,400,000
Carson Gaming LLC
Steiner Group LLC
Deed Of Trust
related
$13,000,000 · Nevada First Bank
Apr 22, 1998
—
Steiner Group LLC
Steiner Group
Quit Claim Deed
related
$2,200,000 · Standard Mortgage Investors
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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