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    8925 W Russell Rd Las Vegas, NV 89148

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    For Sale
    $33,110,000

    Office building with stabilized rent roll and significant upside.

    Property size:
    107,577 SF
    Lot size:
    2.59 Acres

    Property Features for 8925 W Russell Rd

    General Information

    Size
    107,577 SF
    Lot size
    2.59 Acres

    Source: Avison Young | Las Vegas Agent James Griffis, SIOR

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Office Building Near I-215 Beltway

    Located a block from the I-215 Beltway, 8925-8945 W. Russell Rd. is centrally positioned between Summerlin and Green Valley. The property features a stabilized rent roll, with 80% of the gross leasable area (GLA) currently below market rents. The weighted average lease term (WALT) is 3.21 years. Since 2022, the property has undergone renovations with over $500,000 invested in updates to common areas, parking lot slurry, and landscaping. The roof has a transferable warranty that expires in 7 years. Situated in the Southwest submarket, the location is experiencing growth in homes, businesses, and restaurants. The Durango Casino is set to expand one year after opening, and movie studios are considering opening in the area. The property contains 107,577 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    ROC Title - Southwest ... Title Company Rita Ramirez Realtor ... Real Estate Agency Resnick & Louis, PC Environmental Consultant Tax Man, Inc. Tax Preparation Service Kelly Hawkins Physical ... Physical Therapy Clinic

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.286092
    Latitude
    36.0837913

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    FAQs

    What type of property is this?
    Office building - Office building with stabilized rent roll and significant upside.
    Where is this office building located?
    The property is located at 8925 W Russell Rd Las Vegas, NV.
    What is the asking price?
    The asking price for this property is $33,110,000.
    What are key features of this property?
    This property features: - Significant Upside in Rents: 80% of GLA below market rents with a WALT of 3.21 years.; - Prime Location: Centrally located between Summerlin and Green Valley, near the I-215 Beltway.; - Recent Capital Investment: Over $500,000 invested in renovations since 2022, including common areas and parking lot.
    (702) 715-0809
    Request Owner's contact information
    8925 W Russell Rd Las Vegas, NV 89148
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    Las Vegas, NV 89148
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    8925 W Russell Rd Las Vegas, NV 89148
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