Office Building with Versatile
3470 E Russell Road Las Vegas, NV 89120
New
For Sale
$2,350,000
A zoned C-P Office and Professional office building offering a versatile layout for professional uses.
Property Size11,310 SF
Price / SF$207.78
Days on Market6
Property Features for 3470 E Russell Road
General Information
- Standard status
- Active
- Size
- 11,310 SF
- Property subtype
- Office - General Office
Listing Agency:
SVN | The Equity Group
(702) 369-4811
Listed By:
Paul Chaffee, CCIM · License #1000874
Source:
Commercialcafe
Added: Jul 20
Changed: Jul 21
Last Checked: Jul 25 at 2:57AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SVN | The Equity Group
Investment Insights
Based on property information with market context.
This for-sale office building is located at 3470 E. Russell Road in Las Vegas and totals approximately 11,310 square feet. The property is zoned C-P Office and Professional and includes a versatile layout intended to support a range of office and professional uses.
The building is positioned on East Russell Road with direct access to the eastern commercial corridor near major thoroughfares, providing practical connectivity for everyday business access.
As an office building with professional zoning and flexible interior configuration, it is designed to be a straightforward fit for office and professional tenancy seeking a multi-use setup within a single facility.
The building is positioned on East Russell Road with direct access to the eastern commercial corridor near major thoroughfares, providing practical connectivity for everyday business access.
As an office building with professional zoning and flexible interior configuration, it is designed to be a straightforward fit for office and professional tenancy seeking a multi-use setup within a single facility.
Key Highlights
- 11,310 SF office building at 3470 E. Russell Road in Las Vegas, NV
- Zoned C‑P Office and Professional for office and professional uses
- Located on East Russell Road with direct access to the eastern commercial corridor near major thoroughfares
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $271.4k | $24.00 |
| − Vacancy | −$39.4k | −$3.48 |
| EGI | $232.1k | $20.52 |
| − OpEx | −$58.0k | −$5.13 |
| NOI | $174.1k | $15.39 |
11,310 SF · lease $24.00/SF/yr · vacancy 14.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.49M
$2.18M – $2.90M
NOI $174,061 @ 7.0% cap · market cap 7.41%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.91M
$3.42M – $4.56M
NOI $273,566 @ 7.0% cap · market cap 11.64%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Contessa Court Executive ...
Real Estate Agency
On Demand Concierge
Marketing & Advertising
Bancroft Brokerage - Commercial ...
Real Estate Agency
RHJ Credit Consultants
Financial Advisor
Convenient Rental Cars
Car Rental Facility
FAQs
What type of property is this?
Office building - A zoned C-P Office and Professional office building offering a versatile layout for professional uses.
Where is this office building located?
The property is located at 3470 E Russell Road Las Vegas, NV.
What is the asking price?
The asking price for this property is $2,350,000.
What are key features of this property?
This property features: 11,310 SF office building at 3470 E. Russell Road in Las Vegas, NV; Zoned C‑P Office and Professional for office and professional uses; Located on East Russell Road with direct access to the eastern commercial corridor near major thoroughfares
