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    3470 Russell Rd Las Vegas, NV 89120

    For Sale
    $2,500,000

    Prime location, 11,310 sq ft, owner-user opportunity.

    Property size:
    11,310 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional two-story, 11,310 square foot executive office building presents a unique owner-user opportunity in Las Vegas, Nevada. Located at 3470 E Russell Rd, this Class B property boasts a strategic location minutes from Harry Reid International Airport. Built in 2003 and renovated in 2019, the building sits on a 25,700 square foot lot and is zoned for Commercial Professional use. The 16% occupancy provides immediate income potential for an owner-user seeking to supplement their investment. The building features 12 well-appointed offices, multiple conference rooms, a reception area, ample storage and utility rooms, a break room, and 17 parking spaces. An elevator adds convenience to this modern building. The asking price is $2,500,000, translating to $221.04 per square foot. This property offers a blend of immediate income and versatile space, making it ideal for a business seeking both a headquarters and rental income. The property's features and location combine to create a compelling investment opportunity. The APN is 161-30-401-041.

    Property Features for 3470 Russell Rd

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    11,310 SF
    Class
    B

    Building Details

    Year Built/Renovated
    2003/2019
    Buildings
    1
    Stories
    2

    HighLights

    • Exceptional 11,310 SF two‑story executive office building in Las Vegas, NV.
    • Strategically located minutes from Harry Reid International Airport.
    • Class B property, built in 2003, renovated in 2019, situated on a 25,700 SF lot, zoned Commercial Professional.
    • 16% occupancy provides immediate income potential.
    • Features 12 offices, multiple conference rooms, reception area, ample storage, break room, 17 parking spaces, and an elevator.
    • Asking price: $2,500,000 ($221.04/SF).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Contessa Court Executive ... Office Space Rental Agency On Demand Concierge Graphic Designer Bancroft Brokerage - Commercial ... Commercial Real Estate Agency RHJ Credit Consultants Credit Counseling Service Convenient Rental Cars Car Rental Agency

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.09877986577
    Latitude
    36.086154847855

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    FAQs

    What type of property is this?
    Office Property / Space - Prime location, 11,310 sq ft, owner-user opportunity.
    Where is this office property / space located?
    The property is located at 3470 Russell Rd Las Vegas, NV.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: Exceptional 11,310 SF two-story executive office building in Las Vegas, NV.; Strategically located minutes from Harry Reid International Airport.; Class B property, built in 2003, renovated in 2019, situated on a 25,700 SF lot, zoned Commercial Professional.
    (702) 369-4811
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    3470 Russell Rd Las Vegas, NV 89120
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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
    3470 Russell Rd Las Vegas, NV 89120
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