Las Vegas Office Building For
For Sale
$3,100,000
2882 E Russell Road, Las Vegas, NV 89120
Office building available for purchase in Las Vegas, Nevada.
Property Size6,186 SF
Days on Market143
Property Features for 2882 E Russell Road
General Information
Standard status
Active
Size
6,186 SF
Property subtype
9/21/2026
Building Details
Building Size
6,186 SF
Year Built
2026
Listing Agency:
Cushman & Wakefield | Las Vegas
Listed By:
Charles Van Geel
(702) 581-1963
Source:
Cushmanwakefield
Added: May 18
Changed: Sep 24
Last Checked: Oct 5 at 3:23PM
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 Cushman & Wakefield | Las Vegas
Investment Insights
Based on property information with market context.
A commercial real estate property, identified as an office building, is available for sale. The property is located in Las Vegas, Nevada.
Key Highlights
- Office building available for purchase.
- Located in Las Vegas, Nevada.
- Year Built: 2026 (New Construction).
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$95,203
Cap Rate
3.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,904,060
$1.9M
Cap Rate 7%
$1,360,043
$1.4M
Cap Rate 9%
$1,057,811
$1.1M
Market Conditions
NOI Build-Up for 6,186 SF
Gross rent
$148.5K $24.00/SF
− Vacancy
−$21.5K −$3.48/SF
EGI
$126.9K $20.52/SF
− OpEx
−$31.7K −$5.13/SF
NOI
$95.2K $15.39/SF
Area
Las Vegas, NV
Vacancy
14.50%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,904,060
Cap Rate 7%
$1,360,043
Cap Rate 9%
$1,057,811
Alternative Uses
Best Use
Office B
$1.36M
$1.19M – $1.59M
NOI $95,203 @ 7.0% cap · market cap 3.07%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.14M
$1.87M – $2.49M
NOI $149,627 @ 7.0% cap · market cap 4.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,148
Businesses Nearby
Explore this area
Business Placement
Demographics for 89120, NV
24,813
Population
9,861
Households
2.5
Avg Household Size
40
Median Age
26%
College-Educated
88%
High-School Grad
7.1 sq mi
ZIP Area
3,495
Density / Sq Mi
$75,813
Median Household Income
$38,774
Median Earnings
$1,467
Median Rent
$364,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Las Vegas, NV
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Office building available for purchase in Las Vegas, Nevada.
Where is this office building located?
The property is located at 2882 E Russell Road Las Vegas, NV.
What is the asking price?
The asking price for this property is $3,100,000.
What are key features of this property?
This property features: Office building available for purchase.; Located in Las Vegas, Nevada.; Year Built: 2026 (New Construction).
